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Jump in Canadian Employment Threatens to Delay First Rate Cut

·1 min

An unexpected surge in job growth in Canada last month could impact the timing of interest-rate cuts. In April, Canada added 90,400 jobs, the largest gain in 15 months. This significant increase exceeded market expectations of a modest addition of 20,000 jobs. The strong job growth may necessitate a reevaluation of when interest-rate cuts will occur.