Data released earlier today from the Canadian economy showed an increase in employment of 14,000 jobs in March, following a decline of nearly 83,000 jobs in February, closely matching expectations. Meanwhile, the unemployment rate remained stable at 6.8%, slightly below the expected 6.8%.

In detail, employment increased in several sectors, led by the services sector, which added 15,000 jobs, primarily in personal care and maintenance services. The human resources sector also saw an increase of 10,000 jobs. Conversely, employment declined in the finance, insurance, real estate, and leasing sectors by 11,000 jobs.

The education services sector experienced a loss of 28,000 jobs, while public administration added 10,000. The information, culture, and entertainment sectors added 17,000 jobs, agriculture added 11,000, and public utilities added 4,200.