Canada's Labour Market Surpasses Expectations, Adds 90k Jobs

Canada's April job surge exceeded expectations, adding 90,400 positions, holding the unemployment rate at 6.1%. Analysts suggest a potential June rate cut despite trimmed market bets. While part-time jobs increased significantly, wage growth slowed to 4.7%. The robust job market may influence the Bank of Canada's decision-making, possibly delaying rate cuts. However, signs of economic slack persist, prompting debate among policymakers. TD forecasts potential rate cuts by July amid rising inflation concerns.