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Market News Topics
May 30, 2022 11:53 GMT
Consumer Confidence & Current Account Eyed
CANADA
- 0800ET – The Nanos weekly consumer confidence poll usually doesn’t get much attention but it’s worth watching after last week’s print slipped further to lows since 2015-16 barring the cratering in 2020. Within it, the 41% seeing worse finances from a year ago was the second highest since the survey began in 2008.
- 0830ET – The current account for Q1 is expected to have jumped to a surplus of $3.25B from the Q4 deficit of -$0.8B, having first moved to small surpluses in 1Q21 in a break of the recent norm. CIBC forecast a surplus of $3.5B, the highest since 2008, although it will be pulled lower going ahead as travel returns.
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