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April employment report the main release out of Canada this week

Tonight's April employment report is the main release out of Canada this week, and is one of the first pieces of hard data from Q2. Consensus look for a soft outcome with the lingering overhang from announced job cuts in…

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Tonight's April employment report is the main release out of Canada this week, and is one of the first pieces of hard data from Q2. 

Consensus look for a soft outcome with the lingering overhang from announced job cuts in the energy and retail sectors , as well as some giveback from the prior month's firm +29k print.

The economists also look for some improvement in the manufacturing sector, after 12k of job losses ytd. 

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