Canada: Employment and trade reports in focus - TDS

Analysts at TDS offers a brief preview of the September Labour Force Survey and international trade for August.

Key Quotes:

 “TD is on-consensus for both prints although weak underlying details to the jobs report could see a dovish reaction. Job growth is expected to come in at 25k by both TD and the wider market, which should see the unemployment rate edge lower to 5.9%.

However, we expect job growth to come from part-time workers while wage growth should slip to 2.4% y/y. For trade, TD is on consensus for the deficit to widen to $0.50bn on a pullback in both import and export activity.”