Trade is on the early agenda today with the Bank of Canada later

  • US trade balance due at the bottom of the hour
Macklem May 4 2023

US and Canadian trade balance numbers are due at the bottom of the hour in the ongoing parade of trade data. Earlier, China reported a shock 7.5% y/y drop in exports, while imports were better than anticipated.

The highlight of the day comes at 10 am ET with the market evenly split on a Bank of Canada hike or hold.

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