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

Sandeep Kanihama FXStreet Contributor

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.”

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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