Friday's Events: Canadian Employment; US & CA Trade Balance; G7

Canadian employment kicks off a busy day of economic data followed by the U.S. and Canadian trade balances and the start of the G7 conference in Washington DC. At 7 a.m. EDT, Statistics Canada will release its September employment report, with the consensus expecting the economy to have created 10k jobs after a 15.2k increase in August. The unemployment rate is expected to tick up to 6.2% from 6.1%. At 8:30 a.m. EDT, Canada is expected to release international merchandise trade for August, which is expected to contract slightly to C$4.4 billion from last month's C$4.9 billion reading. Also at 8:30 a.m. EDT, Statistics Canada will release the house housing price index for August, which is expected to post another... [read full story]