The Canadian economy created a whopping 108,700 jobs last month - more than four times as many as expected - the largest monthly gain on record as the services sector added to payrolls.
The jobless rate fell to 8.1 per cent in April from 8.2 per cent a month earlier, Statistics Canada said Friday. Economists had expected just 25,000 jobs in the month with the rate holding steady.
The move pushed the Canadian dollar higher. The currency, which plunged more than 2 cents on Thursday amid concerns over Europe's debt crisis, regained more than a cent on Friday.
Where did all the jobs come from? What's moving today's markets?
Avery Shenfeld, Senior Economist and Managing Director, CIBC World Markets, took reader questions in a live discussion.