Canadians face rising layoff fears due to trade tensions

Layoff fears are rising in Canada due to U.S. tariffs, with companies like Ivaco and Canada Metal Processing Group announcing temporary layoffs. A recent poll shows 40% of Canadians worry about job loss in the next year. If laid off, Canadians should focus on mental health and gather resources from their employer. Understanding severance pay is crucial, as it varies based on employment contracts and provincial laws. Consulting a lawyer is recommended before signing any agreements. After determining severance eligibility, individuals can apply for employment insurance, though it may be delayed if receiving severance. Job searching should begin promptly, with an emphasis on networking and updating online profiles to improve job prospects.