Canada: Trade deficit likely to deteriorate to $1.50bn in August – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for the Canada’s international merchandise trade deficit to deteriorate to $1.50bn in August from $1.12bn, slightly below the market consensus for $1.20bn.

Key Quotes

“Stronger imports are expected to drive the wider deficit, with a slight offset from a modest increase in exports. Ivey PMI for September will round out the data flow after August saw the first >60 print since 2018.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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