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MNI PREVIEW: April GDP - Tuesday 8:30...>

CANADA DATA
CANADA DATA: MNI PREVIEW: April GDP - Tuesday 8:30 EST
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- MNI median -13% MoM and prior -7.2%.
- Statistics Canada flash estimate was -11%, mainly due to full-month health
lockdowns. 
- CIBC says to watch for another flash estimate of GDP for May.
- May GDP expected to show a rebound as some industries started to open.
- Steep declines in factories, wholesale, retails, expected to bring record %
decline.
- Oil production and construction fell, with decreases in the travel/tourism. 

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