4 Dec 2015
CAD: Theme of labour market weakness to return - TDS
FXStreet (Delhi) – Research Team at TDS, suggests that the November labour force survey will be the highlight of the calendar.
Key Quotes
“After an anomalously strong employment report in October (that can be explained in part by temporary hiring tied to the federal election), the theme of weakness in the labor market is expected to return in November. TD is forecasting the loss of 15k jobs which will push the unemployment rate higher to 7.1%.”
“October international merchandise trade report will also be of some interest to the markets, and TD’s above consensus expectation is for the deficit to narrow to $1.2B from $1.73B. The market consensus is for a more modest improvement to $1.70B.”
Key Quotes
“After an anomalously strong employment report in October (that can be explained in part by temporary hiring tied to the federal election), the theme of weakness in the labor market is expected to return in November. TD is forecasting the loss of 15k jobs which will push the unemployment rate higher to 7.1%.”
“October international merchandise trade report will also be of some interest to the markets, and TD’s above consensus expectation is for the deficit to narrow to $1.2B from $1.73B. The market consensus is for a more modest improvement to $1.70B.”