1034 ET - Canada's employment report for March provides some of the first pieces of tangible evidence about how President Trump's trade policy is starting to squeeze the country's economy, says TD Securities. Yet, the firm says the 33,000 job loss in the month and the increase in the unemployment rate won't be enough to push the Bank of Canada toward another rate cut. The firm notes that the economy has added, on a per-month average, 30,000 jobs since October, and adds that Statistics Canada's labor-force survey is a "notorious volatile data point." TD Securities does expect labor-market headwinds to intensify, and that will lead to an additional three rate cuts later this year. (Paul.Vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
April 04, 2025 10:34 ET (14:34 GMT)
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