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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Canada saw a larger than expected goods trade surplus in April at C$1.94B (cons C$0.55B) after only a partly offsetting downward revision to C$0.23B (initial C$0.97B) in March.
- The improvement on the month in seasonally adjusted terms was driven by the energy surplus bouncing back although the non-energy balance has also seen a trend improvement.
- The latter, at -6.7% GDP on a 3-month rolling basis, sees its smallest deficit since mid-2021, whilst the latest monthly improvement came as exports outpaced imports rather than a case of import compression.
- Further, the service balance mostly consolidated a sizeable upward revision to March.
- The upshot is the goods & services trade balance poked back to a rare surplus of C$0.8B or a deficit equivalent to just -0.5% GDP in the three months to April from -0.7% GDP (or initially -1.0% GDP) as of March.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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