NEWS

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Harvey and Irma saw the U.S. lose more jobs in September than expected. The U.S. jobs report lost 33,000 non-farm jobs, much less than the 80,000 job gains expected the Bureau of Labor Statistics said on Friday. 

Canada's merchandise trade deficit totalled $3.4B in August, widening from a $3B deficit in July. Exports decreased 1% on lower volumes, while imports were unchanged.

TransCanada $TRP said it's cancelling plans to build a pipeline that would ship 1.1 million barrels of oil per day from Western Canada to the Atlantic coast.

San Francisco Fed President John Williams warned Thursday that too much growth could spur an asset bubble and inflation. However he said the long-term trend in annual U.S. economic growth may be as low as 1.5 percent so he doesn't see that happening.

Saudi Arabia has been over in Moscow working the room as they say with big deals and OPEC oil cuts the rolling headlines. Of note is the still no fixed date for the Aramaco IPO and no committment from Russia to participate.

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