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. Read more: Canada adds stunning 108,700 jobs
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.