Canadian Balance of Trade (Oct) -0.58B vs. Exp. -1.4B (Prev. 0.24B, Rev. 0.15B)
The Canadian Balance of Trade for October showed a deficit of CAD 0.58 billion, which is better than the expected deficit of CAD 1.4 billion, indicating a smaller-than-anticipated trade gap.
AskBio, a subsidiary of Bayer (BAYN GY), announces FDA acceptance of a IND application for AB-1009 gene therapy being developed for the treatment of late-onset Pompe disease
US Treasury Secretary Bessent urges more Fed rate cuts, according to CNBC citing a draft speech
Canadian Balance of Trade (Oct) -0.58B vs. Exp. -1.4B (Prev. 0.24B, Rev. 0.15B)
US Energy Secretary Wright says balance can be had with China in Venezuela, according to a Fox Business Interview; will not allow China to have huge control over Venezuela
US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE
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This positive surprise may bolster the CAD and reflects a potential resilience in Canadian exports or a slowdown in imports. Traders should consider this data in the context of broader economic conditions and its implications for monetary policy.
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