
RBC says there is "deepening weakness in labour markets with jobless
claims for the week ending Nov 8 rising to 516,000" and the report
"provides little reason for optimism about any easing in the pace of
jobs declines from the 240,000 drop in October." RBC also says "The
stronger-than-expected September trade numbers are not sufficiently
strong to prevent Q3 GDP growth from escaping a small decline."