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Economic Research

North America Focus: U.S. Flying on One Engine; Canadian Labor Market Flashing Red?

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EXECUTIVE SUMMARY

We kick off our look at North America with the United States, where we dwell on the weak employment report last week.  We expect that the dismal report will weigh on the minds of policymakers as they gather for the Federal Open Market Committee (FOMC) meeting this week. As we stated in the Q2 2010 outlook for the United States, we expect the Fed to step in and provide additional monetary stimulus. However, we do not see any major policy moves materializing this week, but we continue to look for further verbal signals regarding impending policy moves. Among this[...]

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