1. September 2011 09:22
Rates are a bit lower this morning as markets demonstrate some risk aversion. The weekly initial jobless claims report out of the US declined from last week, but was in-line with expectations, while US productivity declined by more than expected.
Later in the morning data including the August ISM and Construction Spending will be released, but the big number is tomorrow’s US Employment Report for August.
There are no Canadian releases of note until next Wednesday’s BoC Policy Announcement.