Canada: October jobs growth likely to disappoint with a reading of 5k - TDS

Analysts at TD Securities are looking for the Canada’s October Labour Force Survey to disappoint with job growth of 5k (market: 15k), although a rebound in full-time employment should help to make up for the soft headline print.

Key Quotes

“This would leave the unemployment rate stable at 5.9%, although we see downside risks for 5.8% should labour force participation give back recent gains.”

“International trade for September will be released alongside employment and TD looks for the deficit to shrink to $200m, in line with the market consensus, on a rebound in import activity.”