The latest read on the Canadian labour market will be out at 8:30 a.m. ET.
Economists forecast that the Canadian economy added 10,000 jobs in April.
Moreover, the unemployment rate is expected to hold flat at 6.7%.
“Given the recent strength of incoming GDP data, we wouldn’t be surprised by another moderate 10,000 jobs gain in April,” David Madani of Capital Economics said in a note.
The previous month saw 19,400 jobs added, far above economists’ expectations of 5,700. Crucially, almost all the jobs added in March were full-time, as opposed to part-time.
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