Canada Net Change in Employment registered at -17.7K, below expectations (15K) in April

May 8, 2026

Oil: Headline-driven gains with Hormuz risk premium – ING

ING analysts Ewa Manthey and Warren Patterson note that ICE Brent and NYMEX WTI have rebounded after three sessions of losses as renewed US‑Iran tensions in the Strait of Hormuz lift the risk premium.

Canada Net Change in Employment registered at -17.7K, below expectations (15K) in April

Oil: Headline-driven gains with Hormuz risk premium – ING

Canada Participation Rate: 65% (April) vs 64.9%