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We expect ES to trend upwards today with a 80% chance.

Based on the last 12 Balance of Trade events in Canada, we expect a $163002 movement on ES within 2 hours following the event release at 2025-04-03 12:30. We expect ES to trend upwards 2 hours following the event release at 2025-04-03 12:30 if the released value is > C$3.4B

Historical events that allowed us to draw this conclusion

06 Mar 13:30
06 Aug 12:30
06 Jun 12:30
04 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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