We don’t need no stink’ QE!
The slight narrowing in the trade deficit will add to the GDP calculation while the trend improvement in claims is a plus for the employment picture.
Also of note, US import prices rose less than expected, up 0.9% . The market had expected a 1.2% jump for October.
Canada posted a larger than expected C$2.5 bln trade deficit. The market expected a C$ 1.6 deficit.
