Good Week For The Loonie

U.S. non-farm payroll figures were released this morning, showing a 211,000 gain for March, with an unemployment rate of 4.7%. Hourly earnings were slightly below expectations at .2% (February's figure was .3%). It would appear that Secretary Snow was correct -- it is a "good number", but in the scheme of things, nothing spectacular and safely within range. When one factors in the February revision (from 243k to 225k), the key monthly figure begins to look rather uninspiring. Read More....