Overview

Week of October 1-5

The week before Canadian Thanksgiving and Columbus Day in the US, this week has many important events.

Canada

  • NAFTA’s replacement, USMCA negotiations are concluded successfully
  • The Quebec Provincial Election (The CAQ take 74 of the 125 seats, with 37% of the popular vote to claim majority win.  The Liberals are soundly defeated).
  • RBC Manufacturing PMI (54.8 vs 56.8 forecast)
  • Unemployment Rate (6% forecast) – Friday 8:30am

US

  • Justice Brett Kavanagh confirmation process continues
  • First week of the fourth quarter
  • NAFTA’s replacement, USMCA negotiations are concluded successfully
  • Tesla & GE
  • President Trump’s story (self-made man) has been outed (again) as a Fraud
  • ISM Non-Manufacturing PMI (57 forecast) – Wednesday 10:00am
  • Continuing Jobless Claims (1651K forecast) – Thursday 8:30am
  • Non-Farm Payrolls(195K forecast) – Friday 8:30am
  • Unemployment Rate (3.9% forecast) – Friday 8:30am

International

  • Italy budget
  • Brexit Negotiations
  • Indonesia Volcano
  • Greek banks hit after balance sheet concerns (re)surface