• The March reading was +82.3K (Canadian doesn’t revise past employment data)
  • Largest two-month gain in more than 30 years
  • Unemployment rate 7.3% vs 7.3% exp
  • Full-time jobs 43.9K
  • Part-time jobs 14.3K
  • Participation rate 66.8% vs 66.6% prior
  • Private sector +85.8K, public sector -19.2K

Total blowout. The unemployment rate would have fallen if the participation rate held steady. USD/CAD shoots down to 0.9988 initially.