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Scotiabank Previews This Week's Macroeconomic Data, Events in Canada

BY MT Newswires | ECONOMIC | 10:01 AM EDT

10:01 AM EDT, 05/11/2026 (MT Newswires) -- It has been a "rough" winter in terms of Canadian existing home sales, and Scotiabank now awaits the figures for April, due out on Thursday, as they will provide an update and guide marking the beginning of the important Spring market.

The next three to four months will inform whether a rebound in the housing market is in the works, said the bank.

Wholesale sales on Thursday and manufacturing sales on Friday, both for March, are expected to post strong gains based on advance estimates from Statistics Canada, but the key to reading the data will be to remove price effects, according to Scotia.

Minor Bank of Canada communications will include Wednesday's Summary of Deliberations and that same day's speech by External Deputy Governor Michelle Alexopolous on Artificial Intelligence adoption and what it could mean to Canada's economic potential.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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