CAD: Current account deficit expected to widen - TDS

Research Team at TDS, suggests that a few lower-tier releases will do little to move Canadian markets.

Key Quotes

“Q1 current account deficit is expected to widen from $15.38bn to $16.80bn. Industrial prices should advance by 0.9% m/m in April, according to the market consensus, which will help to support manufacturing sales after a long period of declining prices. Raw material prices are expected by the market to increase 1.1% monthly.  Tomorrow’s Q1 GDP release more interesting (TD 2.7%, mkt 2.8%).”