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4 May 2016
CAD: Trade deficit projected to narrow - TDS
Research Team at TDS, suggests that the Canada’s international merchandise trade deficit is projected to narrow slightly to $1.50bn in March due to weakening imports overweighing a lesser decline in exports.
Key Quotes
“This is an improvement from the $1.91bn deficit registered in February though a tad less optimistic than the $1.40bn market consensus. Motor vehicle exports are a potential source of weakness following the weak US advanced import data, while imports will suffer from sluggish industrial demand.”
Key Quotes
“This is an improvement from the $1.91bn deficit registered in February though a tad less optimistic than the $1.40bn market consensus. Motor vehicle exports are a potential source of weakness following the weak US advanced import data, while imports will suffer from sluggish industrial demand.”