China's export growth likely slowed significantly in April, as shipments to the United States were dampened by Trump's tariffs and uncertainty over whether the world's two largest economies can strike a deal to ease the trade tensions.

China’s exports to the US fell sharply in April after Donald Trump’s triple-digit tariffs took effect, in another sign of the damage the US president’s trade war is causing the world’s two largest economies as they prepare for de-escalation talks.

China's exports to the U.S. slid last month, as President Trump's tariff assault forced the world’s second-largest economy to redirect more of its goods to Southeast Asia, Latin America, Europe and Africa.

Canada's unemployment rate rose to 6.9% in April, the highest since November, as U.S. tariffs started to hit Canada's export-dependent economy in earnest, data showed on Friday.

Canada's unemployment rate ticked up to 6.9 per cent in April, Statistics Canada said on Friday, matching the highest rate seen in eight years outside of the pandemic.

The Canadian labour market stalled somewhat in April, adding just 7,400 new jobs according to the latest report from Statistics Canada. Anne Gaviola has this story and more in Business Matters for Friday May 9,