Tuesday 7th of November
US & Canadian Trade Balance
The trade balance signifies the discrepancy between the value of goods and services the country exports and the value of goods and services it imports.
When the value of exports exceeds that of imports, the country experiences a trade surplus, demonstrating a competitive advantage in global markets.
Conversely, a trade deficit arises when the value of imports surpasses that of exports, indicating a greater dependency on foreign goods and services.
This trade balance serves as insights into the nation's international trade competitiveness and its economic performance on a global scale.
Wednesday 8th November
EIA Crude Oil Inventories
The EIA Crude Oil Inventories is a weekly report published by the US Energy Information Administration that provides information on the crude oil stocks in the United States.
The report details the weekly change in the number of barrels of commercial crude oil held by US firms.
It also includes data on the levels of crude oil held at strategic petroleum reserve facilities. High inventories may indicate oversupply and downward pressure on prices, while lower inventories may suggest increased demand and upward pressure on prices.
BoC Meeting Minutes
The Bank of Canada Meeting minutes represent detailed records of the discussions and decisions made during the central bank's policy meetings.
These comprehensive summaries provide insights into the considerations driving the Bank of Canada's monetary policy, including analyses of economic indicators, inflationary trends, and interest rate deliberations.
Thursday 9th November
Initial Jobless Claims
Initial jobless claims represent the number of individuals who have filed for unemployment benefits for the first time during a given week, serving as an indicator of the health of the labor market.
A lower figure typically suggests a strengthening job market, indicating fewer individuals being laid off, while a higher count often points to economic challenges and potential weaknesses in the labor market.
Friday 10th November
University of Michigan
The University of Michigan Consumer Sentiment Index is an economic indicator that gauges the confidence and outlook of consumers in the United States.
Conducted through monthly surveys, this index assesses consumers' perceptions of their personal financial situations and their expectations for the broader economy.
It serves as a tool for understanding consumer behavior and predicting changes in spending patterns, with optimistic sentiment often associated with increased consumer spending and overall economic growth. Conversely, a decline in consumer sentiment may signal potential economic challenges.