Canada forecasts modest April job growth and stable unemployment

7 articles · Updated · continuumeconomics.com · May 7

Ahead of May 8 data, economists expect unemployment to hold at 6.7%, participation at 64.9% and wage growth for permanent employees to ease to 4.5% from 5.1%.
They expect hiring to be split between goods and services, with gains concentrated in full-time work and mining helping goods employment as higher energy prices provide only limited support.
The outlook suggests Canada enters the second quarter with modest momentum, as fading tariff effects are offset by energy-related restraints and earlier winter weakness is seen as partly weather-driven and partly a correction.

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