This week’s Canada economic data preview: March employment and Q1 current account will be released on Thursday; March and Q1 GDP data will be released on Friday.

(1) This week, Canada will release several key economic indicators. On Thursday at 20:30 Beijing time (08:30 Eastern Time), the market will see the release of data for March on wage employment, income and hours, as well as job vacancies. At the same time, the current account data from the first quarter balance of payments will be published; the previous value was a deficit of 706 million Canadian dollars. (2) On Thursday at 22:00 Beijing time (10:00 Eastern Time), the Bank of Canada will issue its Financial System Review, and the market will be closely watching the bank’s assessment of risks to the financial system. (3) On Friday at 20:30 Beijing time (08:30 Eastern Time), the March GDP data will be published, with the previous month-on-month value being a 0.2% increase. The same day will also see the release of key data such as first quarter GDP, quarter-on-quarter annualized rate, import and export quarter-on-quarter changes, business inventories, and domestic demand quarter-on-quarter changes. (4) These data will provide crucial references for the Bank of Canada’s subsequent policy path. If GDP and employment data are strong, this may strengthen market expectations that interest rates will remain high; if the data are weak, expectations of rate cuts may intensify. In addition, the assessment of household debt and risks in the real estate market in the Financial System Review also deserves special attention.