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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

MNI (Ottawa)
OTTAWA (MNI)

Canada's April trade deficit is expected to slightly narrow to CAD1 billion from March's CAD1.1 billion, according to an economist consensus, reflecting imports falling faster than exports.

Widespread lockdowns disrupted auto production, while exports were hit by lower energy prices. The report is due at 830am EST on Tuesday.

Industry sources have told MNI there are signs of a rebound in exports in the summer, as more restrictions will be eased and there is strong demand for Canadian grain, lumber and autos.

MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com