Canada will release industrial product prices at 8:30 a.m. ET Tuesday for March, which are expected to rise 0.5% in the month, said Bank of Montreal (BMO).
Raw materials prices look to post a modest 0.1% month-over-month increase at the same time Tuesday, noted the bank.
Investors will also get construction investment for February at 8:30 a.m. ET Tuesday.
With the Canadian election closing in, the country also reportedly will get the full costed platform from the Conservative Party on Tuesday, stated BMO. The bank will see how the fiscal outlook under this plan compares with the Liberal plan, which will run significantly larger deficits.
Projected Liberal deficits would push above $60 billion this fiscal year, or 2% of gross domestic product, versus $42.2 billion last projected in the Fall Economic Statement and the PBO's $46.8 billion pre-election baseline, pointed out the bank. That comes even with $20 billion in anticipated revenue from retaliatory tariffs against the United States, although it doesn't build in the negative economic impact of the trade war itself.
Yields start Tuesday modestly higher again, while the Canadian dollar (CAD or loonie) begins at $1.383/USD (72.3 US cents), the strongest level since late October, added BMO.
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