Economic Highlights:
Employment: Employment decreased by 33,000, with notable declines in wholesale and retail trade sectors.
Housing Market: Home sales fell by 4.8% month-over-month, reaching the lowest March levels since 2009, amid rising tariff concerns.
Wholesale Trade: Preliminary estimates indicated a 0.3% decline in wholesale trade for March. Statistics Canadastats.crea.caReuters
Market Movements:
TSX Performance: The index experienced volatility, with gains in gold mining stocks offset by losses in consumer sectors.
Currency: The Canadian dollar weakened slightly due to trade uncertainties.
Strategic Insights:
Investors may consider increasing allocations to precious metals as a hedge against market volatility.
Monitoring developments in trade policies is crucial, as they have direct implications on export-oriented industries.
