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earlier discussion

CIBC World Markets chief economist Avery ShenfeldDEBORAH BAIC

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.

<iframe src="" scrolling="no" height="650px" width="600px" frameBorder ="0" allowTransparency="true" ><a href="" >Economist Avery Shenfeld takes your questions on the economy</a></iframe>