07:38 AM EDT, 04/09/2025 (MT Newswires) -- There are no major macroeconomic data releases on the Canadian docket on Wednesday, noted Bank of Montreal (BMO).

The province of Newfoundland & Labrador will table its 2025 budget -- the last ahead of an election expected later this year, said the bank. The province comes into the year with a small deficit of $218 million for FY24/25. The fiscal outlook will depend on oil price assumptions -- which have fallen in recent weeks -- any potential tariff-relief measures and any upward pressure on health and housing-related spending ahead of the fall election.

The US dollar (USD) is weaker (BBDXY -0.50%) with the Canadian dollar (CAD or loonie) comparably stronger (CAD per USD -0.58%), according to BMO.