Canada Ivey PMI Preview Canada Ivey PMI Preview: The Ivey PMI, due Friday, is expected to improve to a seasonally adjusted 51.0 in January from 49.9 in December. The Ivey PMI saw a three month trailing average of 55.5 in December from 56.8 in November. The 3-month average has been falling since the 58.8 in June of 2015, but remains comfortably inside expansionary territory, consistent with a rebound in GDP during the first half of 2016.
U.S. Trade Deficit Preview U.S. Trade Deficit Preview: December trade data is out Friday and analysts expect to see the deficit widen by 4.1% to -$44.1 B (median -$42.9 B) from -$42.4 B in November. The already released advance trade data for December showed an widening to -$61.5 B from -$60.5 B in November with advance exports down 0.6% and imports up 0.1%.