Halister News

(Bloomberg) -- Net change in employment seen at -15k in Oct. vs +67.2k in Sept. (forecast range -25k to +23.1k); measures number of employed people as tracked by household labor force survey.

• Canada’s unemployment rate seen at 7% in Oct., same as Sept. (forecast range 6.9% to 7.1%); tracks number of unemployed persons as percentage of labor force
  • Details of report should show pullback in self- employment, which was responsible for 50k in Sept.; weaker public administration and education hiring should also weigh on headline number: TD Securities
• Also, Canada’s merchandise trade deficit seen at -C$1.7b in Sept. vs -C$1.94b in Aug. (forecast range -C$1.24b to - C$2.5b); tracks value of exports, imports
  • Data will be watched by Bank of Canada in light of “heightened uncertainty” of rising exports: TD