In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K.

Last week, Gross Domestic Product edged down 0.1% in November following no growth in October. This is the first decline since May 2011 which was contrary to economists expectations of 0.2% expansion. The main drops occurred in the energy sector with oil and gas sliding 2.5% but the manufacturing sector increased 0.6% on durable goods. Employment data were weak with a rise in the unemployment rate, but the excellent job figures from the US provided lots of hope. Will we see better results next month?

In the US, Unemployment Claims, important indicator to value the unemployed that are looking for jobs over the last month, rise of 1K is predicted up to 373K.

Last week, Ivey PMI figures increased unexpectedly to 63.5 from 59.9 in the previous month suggesting expansion in the industrial sector. However employment data disappointed with higher unemployment rate of 7.5% from 7.4% in the prior month and a bit lower than expected job increase of 17,500 while 17,800 was predicted. Let’s see what this week has in store for us.

In the US, Unemployment Claims, value the number the unemployed that asked for insurance on the past month, about to reduce down to 397K from 402K in November.

Last week was less optimistic for the Canadian economy with lower than forecasted GDP figures indicating slower growth of 0.2% and disappointing employment readings showing Canada lost 18,600 jobs instead of the 18,100 addition anticipated and rising unemployment rate reaching 7.4%. Is Canada losing its momentum?

In the US, Ben Bernanke, Federal Reserve Chairman, is due to lecture in Washington DC

Last week, Canadian GDP came out better than expected expanding 0.3% indicating a positive growth rate in the third quarter. However employment data disappointed with an unexpected decrease of 54,000 in the number of jobs while an increase of 16,300 was forecasted and a worse than predicted Unemployment rate reaching 7.3% from 7.1% in the previous month. Will the Canadian market prove its resistance in face of global uncertainty?

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, full record of the latest FOMC’s meeting, the visions into the financial and monetarist conditions that prejudiced on where to set the interest rates.

The impressing Canadian job report pumped a lot of energy into the loonie and changed the picture for future rate moves. Yet more good news are needed to confirm this.