Overview

• Canada added 90,000 jobs in April, the highest monthly increase in over a year, driven largely by part-time positions.
• Unemployment rate remained constant at 6.1%, reflecting a complex job market landscape.
• Wage growth decelerated, with increases slowing to 4.7% from 5.1% the previous month, suggesting cooling economic conditions.
• Regional disparities persist, with cities like Toronto and Windsor experiencing higher unemployment rates compared to national average.
• Economists anticipate potential rate cuts by the Bank of Canada, influenced by the latest job figures and upcoming inflation data.