The flow of Canadian economic news will be light this week, but traders will be looking closely at November’s employment report to be released Friday.

Most analysts expect to see a modest increase in November employment. On average, economists expect to see the Canadian economy add about 30,000 jobs in November.

The employment report is just one of two key sets of data due in the coming week.

Traders will also get a reading on Canada’s broader economic health when Statistics Canada releases its report on third quarter gross domestic product growth. That report will be released on Tuesday.

Like Friday’s employment report those figures will be closely watched for clues about the Bank of Canada’s intentions on interest rates. The central bank will release its decision on December 7.

Economists are predicting quarterly GDP growth at an annual rate of about 3.5%.

Also this week, the Investment Funds Institue of Canada will release its estimates for November fund sales on Thursday.

South of the border, the U.S. economic calendar is a bit more crowded.

Tuesday sees the release of the U.S. third quarter GDP report, as well as consumer confidence numbers for November, and the Chicago purchasing managers index for November.

Wednesday brings the ISM report on manufacturing for November and the Federal Reserve’s “beige book”.

Thursday brings weekly initial jobless claims, as well as factory orders for October.

The week closes on Friday with the U.S. unemployment report for November and the ISM report on the services sector for November.

On the earnings calendar, more Canadian banks will report their fourth quarter results.

Bank of Nova Scotia reports Tuesday, as does Coolbrands, Descartes Systems, Hudson’s Bay Co., and Royal Bank of Canada.

Bombardier and Tundra Semiconductor report Wednesday.

On Thursday, CIBC, Gildan Activewear, and National Bank of Canada report.

Aber Diamond, Forzani Group, and Laurentian Bank report Friday.