The December trade balance reports for the US and Canada will be released at the bottom of the hour. The consensus for the US is a $68.25 billion deficit including a $90.27B deficit in goods trade. The advance goods numbers were already released so this report generally isn't a market mover.
For Canada, a deficit of $0.5 billion is forecast.
Both will be heavily overshadowed by central bank today today with Powell to speak at 1240 pm ET and Macklem to speak 5 minutes later.
