Canada: Trade deficit likely to widen to $2.8bn in November - TDS

Analysts at TD Securities are looking for the Canada’s international trade deficit to widen to $2.8bn (mkt: -$2.1bn) in November on another outsized decline in energy exports.

Key Quotes

“Imports of machinery & equipment will be closely watched as a barometer for a rebound for Q4 investment. The real trade balance is expected to post a more modest deterioration, although the external sector should still be a drag on growth.”