Canadian international trade surplus likely to have narrowed in September

Canadian international trade data is set to be released this week. According to a TD Economics research report, the trade surplus is likely to have narrowed in September to CAD 200 million, owing to a recovery in import activity while exports are expected to record a modest decline again, concentrated in energy products.

Non-energy exports are expected to have recorded a slight rise on a rebound in motor vehicles after auto exports dropped 6.2 percent last month. Nevertheless, a full rebound is unlikely amidst softer production figures. In the meantime, imports should recovery on the heels of upbeat advance trade data out of the U.S., which would present the first rise since June, added TD Economics.

At 19:00 GMT the FxWirePro's Hourly Strength Index of Canadian Dollar was neutral at -25.4868, while the FxWirePro's Hourly Strength Index of US Dollar was bearish at -88.9092. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex