The Canadian economy unexpectedly shed jobs in April on the back of a drop in part-time positions, bolstering bets that the Bank of Canada will hold interest rates steady when its policymakers meet later this month.

The decline of 1.1k jobs was well short of market forecasts for an increase of 17.4k. The unemployment rate was unchanged at 5.8%, as expected.

Details of the report were encouraging, with full-time jobs rising and an acceleration in wage growth supporting expectations of another rate increase in July. The weakness in job growth last month was driven by a drop of 30k in part-time jobs, which offset a gain of 28.8k full-time positions.

Markets see a 68% probability the central bank will hike in July, which would make for its fourth rate increase over the course of a year.

Average hourly wages were up 3.3% in April from a year ago, the strongest annual rate since January. The Bank of Canada has been looking for a stronger pickup in wages to confirm the robust job gains Canada saw through 2017.

The bank acknowledged last month that wages have continued to pick up as expected and that it is watching the labor market for signs of remaining slack. is an independent macroeconomic consultancy with thousands of subscribers all over the world. We provide fundamental research to help our clients make better investing decisions. Our subscribers should expect to get access to:

1Trading ideas (entry, take profit, stop loss)


Precious metals: GOLD, SILVER


Commodities: WTI OIL

This is a sample publication:

* only forex and precious metals - position size suggested for a USD 10,000 trading account in mini lots. You can calculate your position size as follows: (your account size in USD / 10,000 USD) * (our position size). It is recommended to round the result down. For example, if the result was 2.671, your position size should be 2 mini lots.

2Investment Clock - great quantitative tool for investors

Different asset classes sectors tend to perform better than others at different phases of the economic cycle. We estimate current phase of the economic cycle and the Investment Clock shows which asset classes have historically outperformed in current phase of the economic cycle according to our research.

3Essential market news, technical and fundamental analysis, reviews of central bank decisions

We provide you regular commentaries on important economic and market issues and events, previews and forecasts of forthcoming data releases resulting from our knowledge, experience and quantitative tools.

4Last but not least

We describe fundamental factors, discuss recent changes in trends, resort to numerous quantitative tools and much more. You are able to take a close look at how we come to our conclusions and decide whether you share our current opinion regarding the market, but at the end of the day, it is you who decides what to do with your capital. That is why we strongly recommend you to conduct your own research and always rely on common sense – nobody knows what might work out for you just as you do.




You can cancel at any time




per month: $39.90
You can cancel at any time




per month: $19.90
You can cancel at any time

VAT tax will be added for EU individuals.

Cron Job Starts