Canada: Trade deficit likely to narrow to $3.6bn in January - TDS

Analysts at TD Securities are looking for the international trade deficit of Canada to narrow to $3.6bn in January, slightly better than the market consensus for -$3.8bn.

Key Quotes

“Higher energy prices should prove sufficient to offset a modest drag from reduced rail exports of crude oil, an unintended consequence of Alberta's curtailment policy, while a broad increase in manufacturing sales will also support exports.”

“SEPH (payrolls) employment for January will be released alongside trade to round out the data calendar.”