Canada Employment Preview: Modest gain anticipated, but a surprise not off the table

From fxstreet.com

Canada will publish its March employment report on Thursday, April 6. The market anticipates the country has added 12,000 new job positions after creating 21,800 in the previous month. The Unemployment Rate is foreseen ticking higher, from 5% to 5.1%, while the Participation Rate is expected to have remained stable at 65.7%. The Bank of Canada (BoC) was the first major central bank to hit a pause in the monetary tightening path. Back in January, the BoC made its decision and stuck to it in March, maintaining its benchmark rate unchanged at 4.5%. The announcement was made just ahead of the banking crisis that ... (full story)