08:06 AM EDT, 04/04/2025 (MT Newswires) -- Canada's Labour Force Survey (LFS) for March arrives at 8:30 a.m. ET Friday, noted Scotiabank.

Whether or not the LFS data sparks market wiggles, it doesn't matter amid intensifying forward-looking risks to the whole global economy, said the bank.

Scotiabank said that it expects job gains of 25,000 in March versus a consensus estimate of 10,000 rises. The Unemployment rate is seen falling to 6.5% from February's 6.6% while the consensus is for 6.7%.

This is the last set of job market readings before the Bank of Canada's April 16 policy decision.

Weather might lift Canadian jobs, stated Scotiabank. This was a worse than recently normal February. Lost hours due to weather soared. Jobs during the reference week also probably paid a price in some categories.

There are precious few advance signals to go by in Canada, pointed out the bank. The CFIC indicates that hiring plans among small businesses over the next three to four months have cooled but that doesn't necessarily impact March. 'Indeed' job postings have recently trended a little lower.

March is a normal seasonal up-month for jobs, but the seasonally-adjusted factors for March have been the lowest on record in recent years when comparing like months of March.

Tariff front-loading might lift employment in the short term, added Scotiabank