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Desjardins Group economist Thiago Figueiredo said that the Bank of Canada should be concerned about the April job report. He estimated that without the hiring related to the federal election on April 28th, employment in Canada could decrease by up to 30,000 people. The unemployment rate rose to 6.9%, the highest since the pandemic. Figueiredo stated that with the employment data soft for the third consecutive month, he expects Bank of Canada officials to consider a 50 basis point rate cut in June to support the economy.