01:30 PM BST, Canada - Employment Data for April:
- Unemployment Rate: actual 6.1%; forecast 6.2%; previous 6.1%;
- Participation Rate: actual 65.4%; previous 65.3%;
- Employment Change: actual 90.4K; forecast 20.9K; previous -2.2K;
- Avg hourly wages Permanent employee: actual 4.8%; previous 5.0%;
The hawkish data increasing the chances that the BoC will have to take a more conservative stance on interest rate cuts. The Canadian dollar gained sharply against the USD after the macro data reading.

BREAKING: USDCAD rebounds after lower than expected CPI 🇨🇦 📈
Economic calendar: Canadian CPI and US industrial production (16.03.2026)
BREAKING: Mixed JOLTS & University of Michigan data❓
BREAKING: Canada Labor market keeps deteriorating 📉