CAD review

Bigger than expected job losses north of the border weighed modestly on the loonie. Canada shed 19,700 workers in April which was about four times more than the expected loss of 5,000. Unemployment remained 6.8 percent versus forecasts of 6.9 percent. 

The details of the report offered a silver lining as the more meaningful and typically higher paying full-time positions rose 46,900 though part-time jobs tumbled 66,500.