Upcoming macroeconomic events, January 2018
Do you write or edit portfolio manager commentaries? Do you want to stay on top of the macroeconomic events that shape your day-to-day life as a financial services marketer?
If so, here are the big macro events that the ext. team is keeping an eye on over the coming weeks.
- Canada’s unemployment rate for December will be announced on January 5. The unemployment rate dropped to 5.9% in November as the economy added 80,000 jobs. This represents the lowest rate since February 2008
- U.S. balance of trade for November will be announced on January 6. The trade gap widened significantly in October as imports grew 1.6%. This will be an important measure for the U.S. as they are currently involved in NAFTA renegotiations, along with the administrations’ mandate to focus on U.S. goods and services
- Europe will announce its unemployment rate for November on January 9. The unemployment rate has steadily declined throughout the year hitting 8.8% in October, the lowest rate since January 2009. Labour markets continue to improve, aiding economic growth
- On January 12, the U.S. inflation rate for December will be announced. Inflation in the U.S. has trended upward over the past few months, hitting the U.S. Federal Reserve Board’s (“Fed”) target of 2% for three consecutive months. The inflation rate will be an important consideration in the Fed’s future federal funds rate decisions
- The BoC will announce its interest rate decision on January 17. The BoC held its benchmark overnight rate at 1% at its December meeting, as Canadian growth was more moderate to begin the second half of 2017 despite improvements in the labour market and inflation. The BoC did state that the current policy is still appropriate but higher rates will likely be required over time
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