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Canada Job Gains

May 7, 2010
Canada job data was released today, Friday May 7th, 2010. The numbers were exceptionally good and much higher than experts had been predicting. 109,000 jobs were added in the month of April. This is the largest gain since August 2002.

This healthy gain in Canadian job growth indicates that the economy is well under way to recovery and growth. It also may lead the Bank of Canada at its next meeting in June to start raising interest rates. Governments raise interest rates in order to stop the economy from growing too fast thus creating inflation.

Although this news was positive the TSX plunged almost 188 points, as of 12:21pm PST today.

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