A heavy round of releases will be paced by the September employment data. A modest increase in net jobs is expected but the unemployment rate is also expected to tick higher to a fresh 11-year high of 8.8 percent. In the same breach, the 3Q sales from the BoC is expected to step back from its sudden surge last quarter; and the senior loan officer survey for the same time and from the same group is likely to produce equally limited results. Today, BoC member Paul Jenkins tried to say Canada is very different than Australia despite the currencies correlation; but will the market head this bit of wisdom?
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