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News of the day: Job numbers, rate hike bets, Cohere merger, mortgage renewals, CRA red flags and more

Financial Post Staff
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⚡ Quantum Brief
Canada’s economy added just 14,000 jobs in March 2026, leaving the unemployment rate unchanged at 6.7%, per Statistics Canada. The stagnant labor market raises concerns about economic growth. Economists call Bank of Canada rate hike expectations "unrealistic" ahead of its April 29 decision, citing weak job growth and a "sclerotic" labor market as key deterrents. Toronto-based AI startup Cohere is in advanced merger talks with Germany’s Aleph Alpha, potentially strengthening Canada-Germany AI collaboration through a combined entity. Homeowners with small mortgages or short amortizations may gain little from switching lenders at renewal, as savings shrink relative to income and remaining term. The Canada Revenue Agency warns that circular money transfers among family members—even via gifts—could trigger audits if funds originate from lenders.
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A welder works on a platform being built for Alberta's oilsands. Statistics Canada says Canada's economy added 14,000 jobs in March. Photo by Colleen De Neve/PostmediaArticle contentIt’s Friday, April 10. Here are the top stories we’re following today.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentCanada’s economy gains 14,000 jobs, but unemployment rate stays the sameArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentCanada’s unemployment rate held steady at 6.7 per cent in March as the economy added just 14,000 jobs and employment levels remained unchanged from February, Statistics Canada said Friday.Article contentRead the storyArticle contentArticle content In March, Canada’s jobs market created 14,000 positions, while the unemployment held steady at 6.7 per cent. Photo by Mike Hensen/Postmedia filesArticle contentBank of Canada rate hike bets look ‘unrealistic’ given ‘sclerotic’ state of jobs market, say economistsArticle contentArticle contentHere’s what the March employment data could mean for the Bank of Canada, which announces its next interest rate decision on April 29.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentRead the storyArticle contentArticle content The Canadian tech startup has been growing its international footprint, opening a Paris office last September to serve Europe and the Middle East. Photo by Gabby Jones/BloombergArticle contentToronto’s Cohere in ‘advanced discussions’ to merge with German AI company: reportArticle contentToronto-based Cohere Inc. is in advanced discussions to merge with Germany’s Aleph Alpha GmbH that would build on a series of agreements to increase artificial intelligence cooperation between Canada and Germany, according to a media report on Thursday.Article contentLatest EntrepreneurScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content A residential neighbourhood in Toronto, Ont. Photo by Laura Proctor/Bloomberg filesArticle content5 reasons to stay with your current lender at renewal time — and a few reasons you should runArticle contentIf you have a small mortgage relative to your income and less than 10 years remaining on your amortization, the savings from switching shrink fast.Article contentRead the storyArticle contentArticle content If the borrower uses funds that ultimately originated with the lender, whether directly or through gifts, there is a risk Canada Revenue Agency may treat the arrangement as circular. Photo by Ratana21/Getty ImagesArticle contentThis creative money transfer strategy among family members could raise red flags with CRAArticle contentSecond ListsScroll Left Scroll RightArticle contentPrescribed rate loans can be a powerful income-splitting tool but only if you follow the rules carefully.Article contentRead the storyArticle contentTrending BYD to open 20 car dealerships in Canada this year Autos Posthaste: More Canadians desperate for tax refund to plug holes in their finances News Bank of Canada rate hike bets look 'unrealistic' given 'sclerotic' state of jobs market, say economists Economy This creative money transfer strategy among family members could raise red flags with CRA Personal Finance Toronto police charge man in 2024 shooting at home of GFL CEO Dovigi News Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. BYD to open 20 car dealerships in Canada this year Autos Posthaste: More Canadians desperate for tax refund to plug holes in their finances News Bank of Canada rate hike bets look 'unrealistic' given 'sclerotic' state of jobs market, say economists Economy This creative money transfer strategy among family members could raise red flags with CRA Personal Finance Toronto police charge man in 2024 shooting at home of GFL CEO Dovigi News

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