The Day Ahead Canada & U.S.: Week Ends with Fed's Evans Speaking

(CEP News) - The week ends on a lighter note with no major data expected to be released on Friday. Markets will hear what Chicago Fed president Charles Evans has to say on the economy.

A lighter economic docket won't mean much for markets as they try to work through the current liquidity problems. George Androulidakis, director of FX at the National Bank of Canada, said any economic fundamentals can be "thrown out the window."

He said he is still expecting to see more volatility in the markets heading into the weekend.

"I think there is such a squeeze on liquidity that markets are testing how far the central banks are willing to go," he said.

Chicago Fed president Charles Evans will speak on the state of the Economy at the Swiss National Bank research conference in Zurich, Switzerland.

The U.S. regional and state employment and unemployment report for August will also be released. In July, the unemployment rate was higher in 43 states.

All times in EDT.

10:00 US Regional and State Employment and Unemployment

11:30 US U.S. Treasury to Sell $30 billion in 45-day Cash Management Bills

13:00 US Fed's Evans Speaks on Economy at Swiss Central Bank Conference

13:00 US U.S. Treasury to Sell $30 billion in 59-day Cash Management Bills.

By Neils Christensen, neilsc@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it , edited by Sarah Sussman, ssussman@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it

CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca

The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News.

A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer.