The Canadian labour market defied expectations in April, adding 41,400 jobs in the month, more than double the average economist estimate of 20,000 new positions – marking the fifth straight month where jobs growth exceeded estimates.
Canadian labour market defied expectations in April, adding 41,400 jobs in the month, more than double the average economist estimate of 20,000 new positions
– marking the fifth straight month where jobs growth exceeded estimates. Quick run through some of the vital statistics – unemployment held near a record low of 5.0 per cent, while wage growth proved resilient, coming in well above expectations at 5.2 per cent If there’s a sticking point, it’s on the quality of the jobs growth – the entirety of the gain were in part-time work, while full-time positions actually fell by about 6,200 positions in the month.
The nation's flagship air carrier now sees adjusted earnings before interest, taxes, depreciation and amortization coming in a full billion bucks higher than its previous view, somewhere between $3.5 to $4 billion. Two factors at play here – it seems Canadians still haven't quite scratched that travel itch they weren't able to reach during pandemic lockdowns, helping boost overall demand.
The auto-parts maker now expects full-year net income to come in somewhere in the range of US$1.3 to US$1.5 billion, up from the prior US$1.1 to U$1.4 billion view. As for the quarter itself call it a beat on the top and bottom lines, with sales up 11 per cent to US$10.7 billion.
Enbridge narrowly topped first-quarter revenue and earnings per share estimates, and is reaffirming its full-year forecast.Notable earnings: Lithium Americas, Canadian Natural Resources, Resolute Forest Products, TransAlta Corp., Stelco Holdings, Logistec Corp., Martinrea Int'l, Enbridge, Telus Corp., Magna International, TransAlta Renewables, Surge Energy
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