Forward Guidance: Expect Canada’s unemployment rate to tick lower in May

Data flash: Canada's Q1 GDP posted second straight (although small) decline

US Week Ahead: Jobs report in focus as the labor market holds its ground

Insight - Canada's looming labour squeeze: The impact of retirements and immigration policy

Forward Guidance: Canada’s GDP growth likely turned positive in Q1 after Q4 contraction

The desk posits that Canada’s GDP growth rebounded in Q1 after a contraction in Q4, as suggested by the latest RBC Economics report. This positive shift is supported by anticipations of economic resilience amid global economic pressures, thereby setting a foundation for potential currency strength. Per the full note, the expectation is that growth likely printed a positive figure, contrasting with Q4’s downturn. As traders assess these data points, any deviation from anticipated growth could impact market sentiment.