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Stock impact report

Canada adds 90,000 jobs in April, beating expectations, as unemployment rate holds steady [Globe and Mail, The (Toronto, Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
The economy added roughly 90,000 jobs in April after a slight decline in March, Statistics Canada said Friday in a report. Financial analysts were expecting a gain of 20,000 positions. It was the strongest month of job creation since January, 2023. Despite those gains, the unemployment rate held steady at 6.1 per cent, because the country's population is growing at a feverish pace. The jobless rate has risen by more than a percentage point since the summer of 2022. The results suggest employers are willing and able to take on more workers, despite the financial pressures resulting from higher interest rates. Friday's report was the final Labour Force Survey before the Bank of Canada's next rate decision on June 5. Analysts are roughly split over whether the central bank will cut rates then, or wait until late July to make the first move. “Today's showy headline jobs increase will give the Bank of Canada some pause, since it reinforces the point that the economy is clearly not Show less Read more
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