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August Trade Balance Preview - 8:30.....>

CANADA DATA
CANADA DATA: August Trade Balance Preview - 8:30 EDT
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- MNI Median Trade Balance -C$1.2B; prior -C$1.1B 
- Analysts split on whether trade deficit will widen or shrink 
- Estimates range from -C$0.6B to -C$1.6B 
- Continued fall in oil prices will likely be a drag on nominal exports 
- Last release, July exports -0.9% on declining energy prices
- July imports +1.2% following -4.0% in June...
- ... but imports were flattered by record shipments of pharmaceuticals

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