Signs of improvement in Canada's June export figures?

In addition to revised May figures, the first estimate of June's trade figures are also expected. It's likely that the second biggest trade deficit by dollar value on record may be reined in a touch. 

"The US recovery as Q2 wore on and expectations that US growth will be solid over 2015H1 will lead to an improvement in Canada's trade picture but a gentle one", says Scotia Bank.

A depreciated CAD through the combined effects oeak competitiveness within the NAFTA blocf lower oil prices and BoC policy efforts should also add to trade upsides but Canada's wk will restrain this improvement.