Canada will release the Q1 National Balance Sheet Accounts at 8:30 a.m. ET on Friday, said Bank of Montreal (BMO).
The bank noted that the accounts could show the household debt-to-income ratio declining, although a positive seasonal adjustment could offset the dip. The adjusted ratio has been rising for over a year, but remains more than 10 percentage points below the all-time high reached in 2022.
The Bank of Canada keeps an eye on elevated debt levels for signs of household vulnerability amid an otherwise lacklustre economic backdrop, pointed out BMO.
Also at 8:30 a.m. ET on Friday, new motor vehicle sales are expected to come in 5% below year-ago levels in April, stated the bank.
The US dollar (USD) index is little changed, while the Canadian dollar (CAD or loonie) is a bit weaker early Friday at $1.398 (71.5 cents US), according to BMO.