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August 04, 2026
Preview: Due August 28 - Canada Q2/June GDP - Quarterly rebound seen largely on net exports
August 4, 2026 4:13 PM UTC
We expect Q3 Canadian GDP to increase by 3.3% annualized, in line with what monthly data is implying, assuming the preliminary estimate for a 0.2% increase in June is accurate and gains of 0.3% in May and 0.6% in April are unrevised. This will mark a return to growth after two straight negative quar
U.S. June JOLTS report shows job openings correcting lower but Q2 remains positive
August 4, 2026 2:14 PM UTC
June’s JOLTS report has shown a 178k decline in job openings with May revised to a 48k decline from a 9k increase. With April having seen a strong 698k increase the 3-month average is still firm at 157k, while the 6-month average is similar at 135k. Q1 also saw a strong rise at the start of the mo
U.S. Trade Deficit corrects lower in June but remains wider in Q2
August 4, 2026 12:57 PM UTC
June’s trade deficit of $73.3bn is in line with expectations and down from $77.6bn in May though still well above deficits of near $55bn in each month from January through April. This confirms a significant negative from net exports in Q2 GDP.
U.S. Trade Deficit corrects lower in June but remains wider in Q2
August 4, 2026 12:57 PM UTC
June’s trade deficit of $73.3bn is in line with expectations and down from $77.6bn in May though still well above deficits of near $55bn in each month from January through April. This confirms a significant negative from net exports in Q2 GDP.
Preview: Due August 5 - U.S. July ADP Employment - Weekly ADP data suggests some slowing
August 4, 2026 11:05 AM UTC
We expect a 65k increase in July’s ADP estimate for private sector employment, which is well below our forecast for July’s private sector non-farm payroll of 110k (we expect overall payrolls to rise by 120k). It is however similar to June’s non-farm payroll, which rose by 57k and 49k in the pr