CAD: Trade deficit expected to widen in January - TDS

Research Team at TDS, is looking for the Canadian international merchandise trade deficit to widen to $1.8B in January, twice as large as the market consensus of a $0.9B deficit.

Key Quotes

“Driving the weak print will be a significant drop in aerospace exports. Ivey PMI for the month of February is expected by the market to slide to 58 from 66 last month, while 4th quarter labour productivity is not expected to see any change from Q3.”