Financial Wire

BMO Awaiting Manufacturing and Housing Data Later This Week

-- Key reports this week in Canada include manufacturers' shipments on Wednesday, which are expected to rebound in February after a sharp pullback in auto production the prior month, says Bank of Montreal (BMO) in its morning note Monday.

There is also existing home sales on Thursday, which are likely to "remain depressed" in March with Ontario's prices grinding lower for a fifth straight year, adds the bank.

The Liberal Party of Prime Minister Mark Carney looks to gain majority status in the House of Commons following Monday's three by-elections, reducing the chances of a parliamentary election in the next three years, notes BMO.

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BMO Awaiting Manufacturing and Housing Data Later This Week | Financial Wire