BMO On The Day Ahead In Canada
Canada will release the Labour Force Survey (LFS) for March at 8:30 a.m. ET Friday, said Bank of Montreal (BMO).Canada's economy looks to add a "modest" 15,000 jobs in March, which would barely make a dent in the cumulative 108,700 drop over the first two months of the year, noted the bank.BMO added that the unemployment rate is expected to be steady at 6.7%, although it continues to face downward pressure from the ongoing decline in the size of the labor force.Beyond the population swings, the labor market remains on a softening path as economic uncertainty continues to be elevated, stated the bank.Looking ahead, employment faces further downside pressure as past layoff announcements come into force, driven by United States tariffs and efforts to cut government spending, added BMO.