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Home : Employment : The Week Ahead Canada U S Canadian and U S Employment Reports
The Week Ahead Canada U S Canadian and U S Employment ReportsMarket participants are preparing for another week of soft data, but the main event is expected to be on Friday with the release of Canadian and U.S. employment figures for January.
Other key data releases of the week include the ISM manufacturing and non-manufacturing indexes, the ADP employment report on Wednesday and personal income and spending figures on Monday. Jimmy Tintle, futures broker at Transworld Futures.com, said the data will have a big impact on equities this week and that markets are not expecting much good news. He also said there's a risk that S&P futures could close below the 800 level next week. Colin Cieszynski, market analyst from CMC Markets Canada, said he is not expecting equities to break out of their current range and that they should continue to "muddle through" next week. "Any moves to the upside seem to be limited," he said. "We need some good news to break us through this range and we just aren't getting it." Although markets are trying to be optimistic Cieszynski said it is probably too early for the data to show any upside surprise. He said the big question is how bad is bad. While the data is expected to drag down equities it is expected to support treasuries. Eric Lascelles, chief economic and rates strategist. He pointed out last week's comments from the Fed that they are prepared to buy longer term bonds is helping to limit any selloff in bonds. http://www.economicnews.ca/cepnews/wire/article/223374 350 times read
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