Canada's labour market blows past expectations, adding 90k jobs in April

“The slowdown in wage growth and the fact that more than half of the total jobs added were in part-time work "suggests that slack in the Canadian economy is still growing," Karl Schamotta, chief market strategist at Corpay wrote in a note on Friday. But “Taken in combination with other releases showing a mild acceleration in growth, today’s data could limit the extent to which the central bank cuts borrowing costs over the next year, and could contribute to a more optimistic rhetorical stance from policymakers in the weeks and months ahead," Schamotta said.” Read the Yahoo Finance article.