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- Canada's trade deficit likely to narrow to $2.3 billion in March - TDS
Canada's trade deficit likely to narrow to $2.3 billion in March - TDS
Analysts at TD Securities suggest that Canada’s higher energy prices will provide a tailwind to nominal exports and help the international merchandise trade deficit to narrow to $2.3 billionn in March alongside a rebound in non-energy exports following a broad pullback in February.
- Real exports should post a more modest advance while higher imports will provide an offset. New home prices for March will be released alongside trade where TD is on consensus for a flat print.
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