US Durable Goods Orders declined 6.1% in January, missing the -4.5% forecast versus the previous month’s -0.3% (revised lower from 0.0%).
The Conference Board Consumer Confidence Index also declined more than expected, printing at 106.7 versus the forecast of 115.0, previously 114.8.
The US Housing Price Index rose less than expected in December, climbing just 0.1% MoM versus the 0.3% forecast. It was previously revised to 0.4% in November.
Canada’s Q4 Current Account on Wednesday is expected to recover but still remain in negative territory, forecast to print at -1.25 billion versus -3.22 billion previously.
US annualized Q4 GDP is forecast to hold steady at 3.3%.
Canada’s Q4 GDP to follow on Thursday, markets expect a rebound in the yearly figure to 0.8% from -1.1%.
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