Canada: Trade deficit likely stabilized in November – TDS

Analysts at TD Securities are looking for Canada’s international trade deficit to hold stable at $1.1bn in November.

Key Quotes

“Auto exports will benefit from normalized production levels south of the border, but we do not anticipate a full rebound given the scheduled wind down of GM’s Oshawa facility. Elsewhere, pipeline shutdowns will offset the impact of higher oil prices while the CN rail strike will provide another headwind to exports.”