The Globe and Mail reports in its Saturday edition that the Canadian economy roared back in May with a strong month of job creation. The Globe's Sophia Bertuzzi writes that the labour market added 87,800 jobs in May, Statistics Canada said on Friday, easily outpacing analyst expectations of 10,000 positions added. The unemployment rate fell to 6.6 per cent from 6.9 per cent in April. May's increase in employment was the strongest month for job creation since December, 2024. Despite the rebound, total employment across the country has only risen by 0.7 per cent over the past year, and it's down by 24,000 positions year to date. "While this does take some of the stink off the last few months, it doesn't necessarily shift the broader narrative around Canadian labour markets," analysts at TD Securities said in a client note. The Bank of Canada is widely expected to take the jobs report in stride and keep its key rate at 2.25 per cent on Wednesday for a fifth consecutive hold. The central bank is being tugged in one direction by conflict in the Middle East, which is pushing up prices for gasoline and other goods, and domestic weakness that is sapping demand. Gross domestic product has dropped for two consecutive quarters.