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National Bank Previews This Week's Macroeconomic Data In Canada

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Investors will get an update on the state of the Canadian residential sector with the release of March housing starts on Friday, said National Bank of Canada.

Judging by the data on building permits, the latter could have increased to 260,000 in annualized terms, led by the multi-unit segment, noted the bank.

Existing home sales on Thursday, for their part, may have edged up 0.7% month over month nationally in the third month of the year, boosted by stronger sales in Toronto and Vancouver, stated National Bank.

In other news, manufacturing sales may have expanded 3.8% month over month in February, on increases in the food and transportation equipment subsectors. The data will be published on Wednesday

Wholesale trade sales for February are also slated to be released on Wednesday.

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3:00 Friday vs 3:00 Thursday2yr 100-05 vs 100-04; 3.801% vs 3.777%5yr 99-22+ vs 99-26+; 3.939% vs 3.911%10yr 98-15 vs 98-22; 4.315% vs 4.287%30yr 97-13 vs 97-23; 4.914% vs 4.895%2/10 51.147 bps vs 50.809 bps5/30 97.303 bps vs 98.163 bps

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National Bank On What It Will Be Watching For Next Week

National Bank notes we'll get an update on the state of the residential sector with the release of March Housing Starts next Friday. The bank says judging by the data on building permits, the latter could have increased to 260K in annualized terms, led by the multi-unit segment.National Bank notes we will on Thursday also get Existing Home Sales numbers. The bank says they may have edged up 0.7% nationally in the third month of the year, boosted by stronger sales in Toronto and Vancouver.In other news, National Bank says Manufacturing Sales data on Wednesday may have expanded 3.8% m/m in February, on increases in the food and transportation equipment subsectors.The bank notes other February data will also be available, including figures Wednesday on Wholesale Trade Sales and Building Permits on Monday. National Bank will also be keeping an eye out for the release of the CFIB Business Barometer for April.Price: $195.34, Change: $+1.83, Percent Change: +0.95%

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Treasury

CIBC On the Week Ahead In Economics

In Canada, CIBC says, the release Wednesday of both Manufacturing and Wholesale data for February should confirm the sharp rebounds already signaled by the advance estimates. For Manufacturing Shipments, CIBC is forecasting a 3.5% monthly gain, compared to a consensus 3.8%. For Wholesale Sales ex-petroleum CIBC sees a 2.5% rise.However, CIBC adds, housing starts figures for March on Friday are likely to show building activity stilltracking a lower level than the 2025 average. CIBC estimates 204k versus a consensus 250k.Also on the CIBC calendar for next week are the release of Building Permits for February on Monday and then the auction of $3 billion in 30-YR CANADAS on Wednesday and auction of $5.5 billion in 2-YR CANADAS on Thursday.Thursday will see the release of March Existing Home Sales and Friday will bring February Int'l Security Transactions.Price: $143.21, Change: $+1.62, Percent Change: +1.14%

$$CXY$CM.TO