Canada: Current account deficit likely to narrow to $12.20bn - TDS

Analysts at TD Securities suggest that the Canadian current account deficit will be a key economic release for today’s session.

Key Quotes

“The market consensus is for the current account deficit to narrow to $12.20bn from $15.58bn, with most of the improvement coming from a pullback in goods imports.”

“SEPH (payrolls) employment will be released simultaneously; SEPH job growth has sharply outperformed the LFS through 2018 although the latter showed a large jump in September.”