CAD: Goods trade deficit to narrow from $4.1bn to $1.0bn - TDS

Research Team at TDS, suggests that Canada’s international merchandise trade for October will be widely watched for a sharp pullback in imports after a single piece of offshore drilling equipment led to the widest deficit on record last month.

Key Quotes

“TD looks for the goods trade deficit to narrow from $4.1bn to $1.0bn, which assumes a full correction in imports while exports should post a moderate increase driven partially by energy prices. The market is more conservative and looks for a $2.0bn deficit.”