CAD: Labour data expected to stay soft – TD Securities

TD Securities’ Global Strategy Team expects a muted rebound in Canadian labour markets, forecasting only 10k new jobs in March and an unemployment rate of 6.8%. TD Securities’ Global Strategy Team expects a muted rebound in Canadian labour markets, forecasting only 10k new jobs in March and an unemployment rate of 6.8%. The bank notes elevated uncertainty and… TD Securities’ Global Strategy Team expects a muted rebound in Canadian labour markets, forecasting only 10k new jobs in March and an unemployment rate of 6.8%. TD Securities’ Global Strategy Team expects a muted rebound in Canadian labour markets, forecasting only 10k new jobs in March and an unemployment rate of 6.8%. The bank notes elevated uncertainty and weak hiring intentions should limit the recovery after February’s large job losses, while wage growth for permanent workers is seen edging up to 4.3% y/y.Muted Canadian jobs rebound projected"We look for a muted rebound in CAD employment with… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.