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Desjardins Stick With June Cut Call After Jobs Beat

CANADA
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets Bank of Canada Market News
  • "While the headline number will garner most of the attention, the details of this report suggest that the labour market is actually exhibiting some evidence of slack."
  • "Still, after an increase of 90K jobs, the upcoming CPI report will take on even more importance in the BoC's decision-making process, as policymakers debate whether or not cut rates in June."
  • “Yields are higher across the Government of Canada yield curve. But we’re not convinced that this report will materially change the Bank of Canada’s assessment of the labour market. So we’re sticking with our call that the central bank cuts rates in June.”
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  • "While the headline number will garner most of the attention, the details of this report suggest that the labour market is actually exhibiting some evidence of slack."
  • "Still, after an increase of 90K jobs, the upcoming CPI report will take on even more importance in the BoC's decision-making process, as policymakers debate whether or not cut rates in June."
  • “Yields are higher across the Government of Canada yield curve. But we’re not convinced that this report will materially change the Bank of Canada’s assessment of the labour market. So we’re sticking with our call that the central bank cuts rates in June.”