After whiplash of a turnaround in most markets, Canada TSX up by 13.3% and US by 11.2%, the watch phrase today is “sit, wait and watch” which is what the US federal reserve is doing. That of course leads most other governments to stop talking about raising interest rates and even thinking about cutting it.
A quote from National Bank Financial latest report, 4 April 2019.
"... temporary employment ─ which, like the yield curve, is a decent leading indicator ─ even registered a quarterly decline in Q1. The other report, the household survey, showed a large drop in employment driven by cuts in full-time positions. And with full-timers often better remunerated than part-timers, one should not be too surprised by the moderation in wage inflation, the latter dropping in March to 3.2% on a year-on-year basis. The only reason the unemployment rate managed to stay unchanged at 3.8% (despite sizable job losses in the household survey) was the drop in labour force participation. All told, there are reasons for the Federal Reserve to be cautious and remain in pause mode for a while. "