You aren't. The economy is absolute garbage right now. I'm in the US and the situation is similar here. I've never had an issue finding a job before either, but I've been unemployed since the middle of 2023. Assuming you aren't under financial hardship, my advice is to spend more time on your hobbies and check back in around July/August. That is when the layoffs are projected to drop and hiring is expected to keep up…
Every time I bring up this uneasy feeling of everything feeling like it's going to crumble soon, I get employment data hurtled at me and the stock market thrown in my face. Maybe Canada is worse due to how insane housing is but for the average person life does not feel anywhere like it used to pre pandemic at least.
i think many orgs overinvested in tech during the pandemic. we've swung too far, so it's time to work out the excesses.