U.S. initial jobless claims preview: U.S. initial jobless claims preview: initial jobless claims are expected to drop 2k to 295k (median 295k) in the week-ended December 6. Continuing claims are expected to fall 27k to 2,335k for the week-ended November 29. Forecast risk is downward, as claims face some risk of holiday induced gyrations. preview.
Canada Capacity Utilization Preview Canada Capacity Utilization Preview: Analysts expect the capacity use rate to rise to 83.0% in Q3 from 82.7% in Q2. The anticipated improvement in the rate of capacity use tracks the solid momentum in Canada's GDP in Q2 (+3.6%) and Q3 (+2.8%). The BoC's measure of the output gap (released separately) was -0.5 in Q3 from -0.6 in Q2 (was -0.7). The report will confirm the improvement in the traditional measures of capacity. But not to worry the BoC says, as labour market indicators remain consistent with ample slack.