Deere: The world’s largest agricultural equipment maker signalled three months ago that demand was cooling for some products in fast-growing markets, spurring worries about the longevity of the farming boom. Analysts expect Deere’s revenue to decline from a year ago and earnings per share to hold steady.
Durable goods: New orders for durable goods, those lasting more than one year, are forecast to have fallen 3.1 per cent in October, potentially reversing most of September’s gains in their biggest drop since July. Spending on non-defence capital goods excluding aircraft, a key business investment metric, is expected to have risen 0.1 per cent, moderating from an 0.5 per cent increase in September.
Jobless claims: New applications for US state unemployment aid, a proxy for lay-offs, are projected to have declined to 226,000 last week from 231,000 the week before.
BoC: Bank of Canada governor Tiff Macklem will speak about the cost of high inflation, around two weeks before the central bank’s next interest rate decision.
Consumer sentiment: The University of Michigan is expected to report that the final reading of its November consumer sentiment index held relatively steady at 60.6 from a preliminary reading of 60.4.
