Analysts at TD Securities are expecting the Canadian employment to fall by 10K in April led by a pullback in full-time hiring, which has averaged 30K per month since September while the rest of the economy slowed.
- This should see the unemployment rate edges higher to 5.9% from 5.8% while wage growth for permanent employees should hold at 2.3% y/y.
- March building permits will be released alongside employment to provide an update on the outlook for construction activity, with the market looking for a 2.4% rebound after the 5.7% pullback in February.