Canada’s quarterly GDP and monthly GDP are both released tomorrow, expectations are for relatively flat numbers. Oil has fallen over 1% on the back of the inventory data, summer driving has yet to have an impact. The latest in the U.S.-China trade talks has China putting new soybean purchases on hold while it will honour its existing contracts. Soybean futures in Chicago slumped to a 10-year low earlier this month as the tensions peaked. Since then, prices have rebounded as a deluge of rain impacts U.S. plantings.
Currently Close Range
USDCAD 1.3505 1.3519 1.3486-1.3521
EURCAD 1.5040 1.5048 1.4995-1.5061
GBPCAD 1.7038 1.7071 1.6983-1.7078
Prior Actual
US: Gross Domestic Product Q1 2019 3.2% 3.1%
International Trade in Goods Apr $-71.9B $-72.1B
Jobless Claims wk5/25 212K 215K
Petroleum Status Report wk5/24
Crude Oil 4.7M Brls -0.3M Brls
Gasoline 3.7M Brls 2.2M Brls
Pending Home Sales April M/M 105.9 104.3
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