"A decent job gain, a slide in the jobless rate and persistent five [per cent] wage growth are hardly the stuff of an urgent call for rate cuts," BMO chief economist Douglas Porter wrote in a note.
CIBC senior economist Andrew Grantham concurred, writing, "Today's data suggest that the Bank won't be in a rush to cut interest rates, and we maintain our expectation for a first [interest rate cut] in June."
Not the news I was hoping to get.