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"We expect the Bank of Canada to raise its policy rate to 5.00% and leave the door open to more hikes this fall." Twenty of 24 economists surveyed by Reuters expect the central bank to lift rates by another quarter of a percentage point and then hold them there well into 2024. Money markets see more than a 70% chance of a rate hike on Wednesday, and are fully pricing in such a move by September. Canada added far more jobs than expected in June, according to data published on Friday. "And let's face it, inflation is still above the Bank of Canada's 2% target."
Persons: Royce Mendes, Tiago Figueiredo, Doug Porter, Porter, Steve Scherer, Fergal Smith, Paul Simao Organizations: OTTAWA, Bank of Canada, BoC, Bank of Canada's, Group, Reuters, BMO Capital Markets, Thomson Locations: Canadian, Canada
"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.
Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, , Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine
DoorDash recently fired a driver after he cursed at a woman for tipping $5 on a $20 order. It comes as more businesses are asking customers to tip at cash registers and even at self-checkout stations. In a blog post from 2019, Grubhub suggested customers tip 20% — and consider adding more if it's an extra-big order, or if there's bad weather. That means the woman who tipped $5 on her $20 DoorDash order — which is a 25% gratuity — actually gave quite a good tip, drivers said. "A $5 tip on a $20 order?
Persons: DoorDash, Casa, , Grubhub, Alberto Mendes, they've, Olam, Mendes, Covid, Juan, he's Organizations: Service, Starbucks, Google Locations: New York City, Wall, Silicon, Casa Bonita, Manhattan, That's
OTTAWA, July 7 (Reuters) - Canada's economy added far more jobs than expected in June, data showed on Friday, a result analysts said probably seals the deal for another Bank of Canada (BoC) interest rate hike next week. The unemployment rate in June increased for the second consecutive month and is now at its highest level since February 2022, though still below a pre-pandemic 12-month average, Statscan said. The June jobs report is the last major economic figure to be released before the BoC's rate announcement on Wednesday. Growth has remained resilient despite nine rate increases totaling 450 basis points since March of last year. The net jobs addition in June, the largest since January, were driven by full-time work.
Persons: Jobs, Statscan, Derek Holt, Royce Mendes, Ismail Shakil, Steve Scherer, Dale Smith, Emelia Sithole, Mark Porter Organizations: OTTAWA, Bank of Canada, BoC, Statistics, Scotiabank, Desjardins Group, Reuters, Canadian, Employment, Thomson Locations: Statistics Canada, Ottawa
Uber, DoorDash, and Grubhub are suing New York City to block a new minimum wage law for delivery workers. Beginning on July 12, delivery apps must pay drivers about $18 per hour they are active on the app. Beginning July 12, delivery drivers in New York City must earn a minimum wage of about $18 an hour, according to a law signed by Eric Adams last month. The new minimum wage would require delivery apps to either pay drivers roughly 50 cents per minute of every trip or pay drivers $17.96 per hour they are active on the app. "Now because there are more delivery drivers and people are ordering less and tipping less, it's becoming more difficult.
Persons: , Eric Adams, DoorDash, Alberto Mendes, Mendes, we're, Grubhub, I've, Harry Campbell, Guy, Uber Organizations: New, Service, Drivers, Department of Consumer and Worker, Grubhub, Unidos Locations: New York City, New York
Stream These 8 Movies Before They Leave Netflix in July
  + stars: | 2023-06-30 | by ( Jason Bailey | ) www.nytimes.com   time to read: +4 min
‘Julie & Julia’ (July 31)Julia Child was an easy figure to impersonate but perhaps not so simple to inhabit. The film focuses on Gardner’s period of homelessness and the sacrifices he made while completing an unpaid internship at a prestigious firm. It’s a formulaic piece of work but a nevertheless affecting one. ‘Stepmom’ (July 31)The “Home Alone” director Chris Columbus continued the softening of his touch that began with “Mrs. Julia Roberts plays the title character, a fashion photographer who is dating, and then marries, a much older, divorced father (Ed Harris).
Persons: ‘ Julie, Julia ’, Julia Child, Meryl Streep, Julie Powell, Amy Adams, Nora Ephron, Stanley Tucci, Chris Messina, Happyness ’, Gabriele Muccino, Chris Gardner, Oscar, Will Smith, Gardner, Jaden, Skyfall ’, Daniel Craig, James Bond, “ Bourne, Sam Mendes, Roger Deakins, Thomas Newman, Javier Bardem, Stepmom ’, Chris Columbus, “ Mrs, Doubtfire ”, Julia Roberts, Ed Harris, Susan Sarandon, , It’s, , Kate Beckinsale Organizations:
The central bank is worried that the Canadian economy is running too hot for inflation to return to its 2% target and that if it waits to act, inflation expectations could rise, making matters worse. The central bank lifted its benchmark rate to a 22-year high of 4.75% this month and is expected to tighten further in July or September. A hard landing for the economy, or a recession, could raise unemployment, something the BoC has been hoping to avoid. "I'm not going to be betting against interest rates and I'm not going to be betting against policy lags." The data has left analysts pushing back their forecasts of a slowdown to later in 2023 or in 2024 but accompanied by higher than anticipated interest rates.
Persons: Karl Schamotta, David Rosenberg, I'm, Royce Mendes, Fergal Smith, Steve Scherer, Denny Thomas, Stephen Coates Organizations: TORONTO, Bank, Bank of Canada's, BoC, Bank of Canada, Rosenberg Research, Desjardins, Thomson Locations: United States, Data, Toronto, Ottawa
Variable rate mortgages in Canada typically require borrowers to make regular payments in fixed amounts. WHAT IS THE EXTENT OF MORTGAGE AMORTIZATION EXTENSION? Both banks had no variable-rate mortgages with amortizations greater than 30 years prior to the start of rate hikes. If interest rates stay high over the next few years, as the central bank has warned, it raises questions about customers' ability to service bigger than anticipated debt at higher rates during renewals. The big banks said most customers are able to cope with higher interest rates as they had passed a rigorous stress test to handle higher interest rates.
Persons: Royce Mendes, Carolyn Rogers, OSFI, Nivedita Balu, Fergal Smith, Steve Scherer, Denny Thomas, Conor Humphries Organizations: TORONTO, Statistics Canada, Royal Bank of Canada, CIBC, Bank of Nova, National Bank, Bank of Canada, BoC, Thomson Locations: Canada, United States, Bank of Nova Scotia, amortization, Toronto, Ottawa
WHY HAVE UK MORTGAGE RATES SOARED? There are two main types of mortgage rate - variable and fixed. Fixed rate mortgages lock in a particular interest rate upfront, usually for a period of two to five years. Banks say they have to reflect these market moves to avoid pricing mortgages at a loss. Critics say banks could do much more, particularly as they have passed rate rises through to savers much more slowly than mortgage rates have risen.
Persons: BoE, Banks, Nicholas Mendes, John Charcol, Mendes, Jeremy Hunt, Hunt, Roger Gewolb, Sinead Cruise, Iain Withers, Catherine Evans Organizations: Soaring, Bank of, WHO, Finance, ASK, Labour, Fair Finance, Reuters, Thomson Locations: Britain, Bank of England, States
Northvolt, which counts BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) among its investors, last year delivered its first battery cells from its gigafactory in Skelleftea in Sweden. In its largest deal in Europe yet, IMCO has invested $400 million in Northvolt through convertible notes, it told Reuters. "Whether it (Northvolt) goes public or stays private, we've done our homework and we are happy with the investment." Matthew Mendes, IMCO's head of infrastructure, said the Northvolt investment was examined jointly by his team and IMCO's public equities managers. IMCO has an investment team of 110 staff, which it plans to grow as it looks for more investments overseas.
Persons: IMCO, we've, Northvolt, Stoyanova, Carlyle, Matthew Mendes, IMCO's, Mendes, Simon Jessop, Tommy Reggiori Wilkes, Marguerita Choy Organizations: Energy, Canada's Investment Management Corporation of Ontario, BMW, Volkswagen, Reuters, Blackstone, Thomson Locations: Europe, Swedish, Skelleftea, Sweden, Germany, Britain, North America, Ontario, Brookfield
TORONTO, June 13 (Reuters) - Canada's financial regulator is urging lenders to tackle risks from mortgage extensions at the "earliest opportunity" as many borrowers try to navigate higher mortgage costs after the Bank of Canada's surprise rate hike last week. Canada's central bank has raised interest rates to a 22-year high of 4.75% and analysts are betting on another 25 points increase next month. The regulator had warned in April that though the short-term fix to extend mortgage payment periods helped borrowers, it would keep them in debt for longer. As the interest rate rises, the mortgage payment no longer covers the interest payment portion, which results in the mortgage balance and negative amortization. "We believe risks are still elevated with the prospect of more rate hikes adding to the headwind on mortgage renewals," Rizvanovic said.
Persons: OSFI, Royce Mendes, Mendes, Mike Rizvanovic, Rizvanovic, Nivedita Balu, Denny Thomas, Nick Zieminski Organizations: TORONTO, Bank of, Reuters, Desjardins, Bank of Canada, Bank, Thomson Locations: Toronto
Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.
Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, , Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, , hasn’t, Anthony Wallace, , Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America
The economy shed a net 17,300 jobs in May, entirely in full-time work, while the jobless rate inched up to 5.2%, Statistics Canada said. Analysts surveyed by Reuters had forecast a net gain of 23,200 jobs and for the unemployment rate to edge up to 5.1% in May after staying at 5.0% since December. A series of surprisingly strong economic data and stubbornly high inflation led the Bank of Canada to raise its overnight rate to a 22-year high of 4.75% on Wednesday. "While this is an ugly set of jobs data, the labour force survey is notoriously volatile," said Royce Mendes, head of macro strategy at Desjardins Group. Reports on jobs, inflation and gross domestic product are due out ahead of the next policy announcement on July 12.
Persons: Andrew Grantham, Paul Beaudry, Beaudry, Royce Mendes, Ismail Shakil, Steve Scherer, Fergal Smith, Dale Smith, Susan Fenton, Nick Macfie, Jonathan Oatis Organizations: OTTAWA, Statistics, Reuters, Bank of Canada, Bank of, CIBC Capital Markets, Desjardins Group, Canadian, Thomson Locations: Canada, Statistics Canada, Bank of Canada, Ottawa, Toronto
Inflation, which peaked at 8.1% last year, accelerated for the first time in 10 months in April to 4.4%, more than double the Bank of Canada's 2% target. The recent recovery in Canada's housing market is also putting pressure on prices, analysts say. "The Bank of Canada's penchant for surprising traders means that nothing can be ruled out," said Royce Mendes, head of macro strategy at Desjardins Group. Mendes said there could be more than one rate hike in the cards, and Canadians should "brace themselves for a further tightening in financial conditions this summer". "The latest round of data adds weight to our view that the Bank will need to conduct an insurance rate hike at either of its next two meetings," said Jay Zhao-Murray, FX analyst at Monex Canada.
Persons: Stephen Brown, Royce Mendes, Mendes, Macklem, Jay Zhao, Murray, Steve Scherer, Fergal Smith, Denny Thomas, Daniel Wallis Organizations: OTTAWA, Bank of Canada, BoC, Bank of Canada's, North, Capital Economics, Reuters, Federal Reserve, Desjardins Group, Monex Canada, Thomson Locations: North America, United States, States
"There's still discussion in Portugal how that privatisation will take place and it's not supposed to be 100 percent privatisation," Spohr told journalists at the annual meeting of the International Air Transport Association in Istanbul. At least three major global carriers, Lufthansa, Air France-KLM (AIRF.PA) and British Airways-owner IAG (ICAG.L), have shown an interest. Lufthansa said last month that it was taking a 41% stake in Italian carrier ITA Airways in the latest major consolidation in the aviation sector in Europe. "Boeing are saying it's delivery in late 24 or early 25 - which means it's early '25," Spohr said. Reporting by Joanna Plucinska and Tim Hepher; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons: Carsten Spohr, Joao Nuno Mendes, it's, Spohr, IAG, Joanna Plucinska, Tim Hepher, Susan Fenton Organizations: TAP, International Air Transport Association, Lufthansa, Air France, KLM, British Airways, ITA Airways, Boeing, Thomson Locations: ISTANBUL, Portugal, Istanbul, Europe
“The classicist who wants to be modern, meeting the modernist who wants to be classical.” So says Elizabeth Taylor, summing up the fractious encounter between the revered Shakespearian actor John Gielgud, and her new husband, the actor Richard Burton. It’s 1964, Taylor and Burton are the most famous couple in the world, and Burton is rehearsing the role of Hamlet for a Broadway production that Gielgud is directing. It’s not going well. That’s the setting for “The Motive and the Cue,” a new play directed by Sam Mendes, written by Jack Thorne, and starring Mark Gatiss as Gielgud, Johnny Flynn as Burton and Tuppence Middleton as Taylor. The play, which opened to enthusiastic reviews in May and runs through July 15 at the National Theater, in London, was an idea born out of the pandemic, said Caro Newling, a co-founder with Mendes of Neal Street Productions, which developed the show.
Persons: Elizabeth Taylor, John Gielgud, Richard Burton, It’s, Taylor, Burton, Gielgud, Sam Mendes, Jack Thorne, Mark Gatiss, Johnny Flynn, Tuppence Middleton, Caro Newling, Mendes, Neal Organizations: National Theater, Neal Street Productions Locations: London
CNN —Ryan Gosling channeled his “Ken-ergy” to defend himself against those who think he’s “too old” to play doll Ken in the new “Barbie” movie. The origin of this silliness began back in April when the first “Barbie” movie trailer was released and a debate on social media ensued, with some users voicing their opinion that the 42-year-old actor appeared too “grown up” to play Ken. “If people don’t want to play with my Ken, there are many other Kens to play with,” Gosling said in a new GQ interview published on Wednesday in response to those skeptics. You never cared,” he said, adding that “if you ever really cared about Ken, you would know that nobody cared about Ken. So your hypocrisy is exposed.”(From left) Ryan Gosling and Margot Robbie in 'Barbie.'
Persons: CNN — Ryan Gosling, Ken, ergy, Barbie, , ” Gosling, we’ve, , , Ryan Gosling, Margot Robbie, Gosling, Ken’s, Greta Gerwig, Issa Rae, Kate McKinnon, Hari Nef, Eva Mendes, Barbie ” Organizations: CNN, Warner Bros, Mattel, Ferrera
Montana is the first US state to ban TikTok, as US lawmakers discuss a federal ban. US lawmakers have been talking about a possible TikTok ban over its ties to China. Montana's law suggests a federal ban would be hard to enforce — and might not solve anything. Last week, Montana became the first US state to ban TikTok — and the rule's implementation could show just how hard it would be to enact a federal ban. Montana's TikTok ban is hard to enforce from a tech standpointWhile the ACLU and other civil rights groups are questioning the legality of Montana's TikTok ban, even if it did stand up to a court challenge, it's hard to actually enforce.
Persons: TikTok, it's, Montana's, that's, Evan Greer, Aaron Mendes, Banning TikTok, Mendes, Donald Trump's, Karen Gullo Organizations: ACLU, TikTok, Apple, Washington Post, Facebook, Electronic Frontier Foundation Locations: Montana, China, British, TikTok
May 2 (Reuters) - Electric-vehicle startup Nikola Corp (NKLA.O) said on Tuesday it has partnered with charging facilities operator Voltera to develop up to 50 HYLA-brand hydrogen fueling stations in North America over the next five years. The agreement underpins Nikola's previously announced plan to develop 60 stations by 2026. "Our partnership with Voltera will bring substantial capital and expertise to support Nikola's plans to build refueling infrastructure to support its customers," said Carey Mendes, President of Nikola Energy. Voltera will build, own and operate the stations, while Nikola will supply the hydrogen fuel and provide technical expertise, the EV company said. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Rumors of a possible romance between the actors Sydney Sweeney and Glen Powell swirled online this week after a series of seemingly flirtatious moments catapulted them into the spotlight. The public interest in Ms. Sweeney and Mr. Powell may be heightened because they’re both romantically linked to other people. Ms. Sweeney, best known for her roles in “Euphoria” and “White Lotus,” is engaged to Jonathan Davino, a restaurateur, but has rarely publicly discussed her relationship. “I don’t date people in the spotlight,” she told Cosmopolitan last year. Mr. Powell, who starred in “Top Gun: Maverick,” was reported to be dating the model Gigi Paris.
LISBON, April 23 (Reuters) - Government officials from Brazil are using their president's first visit to Europe since being elected to raise awareness and fight against the racial discrimination faced by the Brazilian community in Portugal and elsewhere. Brazil's minister of racial equality, Anielle Franco, was one of the officials who travelled with President Luiz Inacio Lula da Silva. When elected, Lula said he aimed to attack racism and Brazil's legacy of slavery. Europe's top human rights group previously said Portugal had to confront its colonial past and role in the transatlantic slave trade to help fight racism and discrimination in the country today. Franco met Portuguese parliament affairs minister Ana Catarina Mendes on Saturday to discuss policies to tackle racial injustice.
K-Pop supergroup BTS — like hundreds of other celebrities — lost its blue checkmark on Twitter. At press time, the band had not paid to restore its blue checkmark under Elon Musk's Twitter Blue. On Thursday, Musk tweeted that he's personally funding some celebrities' Twitter Blue statuses — but did not specifically say whose subscriptions he's paying for. It's unclear who's paying for the Twitter Blue subscriptions on Hybe's and BTS' official accounts. Other K-Pop groups have also refused to give Musk $8 for Twitter Blue.
LISBON, April 21 (Reuters) - Portugal's government fired the chief executive of flag carrier TAP last month without a legal assessment of the move, Finance Minister Fernando Medina has acknowledged, deepening a high-profile scandal around the state-owned airline. His remarks in parliament late on Thursday contradicted claims by two fellow ministers a day earlier that the government had obtained a legal opinion backing the decision. This heightens chances of the state losing a potential lawsuit by the sacked executives worth millions of euros. After Ourmières-Widener called her sacking "illegal", the main opposition Social Democrats warned that unless the decision had proper legal backing, the state could lose an eventual court dispute. In a tweet, Liberal Initiative party leader Rui Rocha called the situation a "festival of incoherence and total disrespect for parliament".
[1/2] Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada June 22, 2020. Last month the Bank of Canada became the world's first major central bank to pause its tightening campaign, leaving its benchmark rate at 4.50%. However, bank failures in the United States and Europe have put central bankers on guard against a widespread credit crunch. All 33 economists polled by Reuters agree that the Bank of Canada (BoC) will hold its key overnight rate steady. "Hiking in this environment would put markets on high alert," said Jay Zhao-Murray, FX Market Analyst at Monex Canada, in a note.
The economy gained a net 34,700 jobs, almost entirely in the private sector, and the unemployment rate held steady at 5.0%, Statistics Canada reported. Analysts surveyed by Reuters had forecast that a net 12,000 jobs would be gained in March and the unemployment rate would edge up to 5.1%. Since December, the jobless rate has stayed just a notch above the record low of 4.9% observed in mid-2022. Thursday's jobs figures as well as robust GDP data released last week are likely to complicate the central bank's plans to avoid further rate moves. There were 18,800 full-time jobs added in the month, and 15,900 part-time jobs.
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