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CAD: Trade balance and employment data in focus this week – RBC CM

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at RBC CM, suggests that today’s release of Canadian nominal goods trade balance should improve to –C$1.8bn in November, from –C$2.76bn in October, retracing some of the deterioration in the balance over the last few months despite lower oil prices in the month.

    Key Quotes

    “On a volumes basis, we should see a larger improvement (from a C$1.5bn surplus in October). As always, watch for revisions on previous months with this release.”

    “Employment (Fri): We are expecting 15K in employment gains in December, following an outsized 36.7K decline in November. We should see services employment up 30K (after a 82K decline in November) and goods employment down 15K (after a 46K increase in November). With the net gain roughly equating to trend labour force growth, the unemployment rate is expected to hold steady at 7.1%.”
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