A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday May 4
China’s markets closed (through Wednesday)
Japan’s markets closed (through Tuesday)
U.K. markets closed
Euro zone’s manufacturing PMI
(10 a.m. ET) U.S. factory orders for March. The Street is projecting a rise of 0.5 per cent from February.
(2 p.m. ET) U.S. Senior Loan Officer Opinion Survey for April
(3:30 p.m. ET) BoC Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers appear before the House Standing Committee on Finance
Earnings include: Cargojet Inc.; Ero Copper Corp.; Gibson Energy Inc.; InterRent REIT; Palantir Technologies Inc.; RB Global Inc.; RioCan REIT; TMX Group Ltd.
Tuesday May 5
(8:30 a.m. ET) Canada’s merchandise trade balance for March.
(8:30 a.m. ET) U.S. goods and services trade deficit for March.
(9:30 a.m. ET) Canada’s S&P global services PMI for April.
(9:45 a.m. ET) U.S. S&P global services/composite PMI for April.
(10 a.m. ET) U.S. ISM services PMI for April.
(10 a.m. ET) U.S. Job Openings & Labor Survey for March.
(10 a.m. ET) U.S. new home sales for March.
Earnings include: Advanced Micro Devices Inc.; Arista Networks Inc.; Cameco Corp.; Colliers International Group Inc.; Dream Industrial REIT; First Capital Realty Inc.; IA Financial Corp. Inc.; Iamgold Corp.; Intact Financial Corp.; Pan American Silver Corp.; PayPal Holdings Inc.; Shopify Inc.; SSR Mining Inc.; Suncor Energy Inc.; Topaz Energy Corp.; Triple Flag Precious Metals Corp.
Wednesday May 6
Euro zone’s services and composite PMI
(8:15 a.m. ET) U.S. ADP National Employment Report for April.
(10 a.m. ET) Canada’s Ivey PMI for April.
(10 a.m. ET) U.S. Global Supply Chain Pressure Index for April.
(4:15 p.m. ET) BoC Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers appear before the Senate Standing Committee on Banking, Commerce & the Economy.
Earnings include: Applovin Corp.; Arm Holdings PLC; Artemis Gold Inc.; Atco Ltd.; B2Gold Corp.; Canadian Utilities Ltd.; CVS Health Corp.; Energy Fuels Inc.; Fortis Inc.; Great-West Lifeco Inc.; Hut 8 Mining Corp.; Ivanhoe Mines Ltd.; Kraft Heinz Co.; Linamar Corp.; Loblaw Companies Ltd.; Lundin Gold Inc.; Marriott International Inc.; Novo Nordisk A/S; Nutrien Ltd.; Restaurant Brands International Inc.; Sun Life Financial Inc.; Tamarack Valley Energy Ltd.; Tourmaline Oil Corp.; Uber Technologies Inc.; Walt Disney Co.; Warner Bros Discovery Inc.; WSP Global Inc.
Thursday May 7
China’s foreign reserves
Euro zone’s retail sales
Germany’s factory orders
(8:30 a.m. ET) U.S. initial jobless claims for week of May 2. Estimate is 200,000, up 11,000 from the previous week.
(8:30 a.m. ET) U.S. productivity for Q1.
(10 a.m. ET) U.S. construction spending for March.
(3 p.m. ET) U.S. consumer credit for March.
Earnings include: Aritzia Inc.; Baytex Energy Corp.; BCE Inc.; Canadian Apartment Properties REIT; Canadian Natural Resources Ltd.; Chartwell Retirement Residences; Definity Financial Corp.; Gilead Sciences Inc.; IGM Financial Corp.; Maple Leaf Foods Inc.; McDonald’s Corp.; Open Text Corp.; Pembina Pipeline Corp.; Premium Brands Holdings Corp.; Quebecor Inc.; Shell ADR; Skeena Resources Ltd.; Wheaton Precious Metals Corp.
Friday May 8
China’s aggregate yuan financing, new yuan loans and trade surplus
Japan’s real cash earnings and services and composite PMI
Germany’s industrial production and trade surplus
(8:30 a.m. ET) Canadian employment for April. The Street is expecting a flat reading month-over-month with the unemployment rate remaining 6.7 per cent and average hourly wages up 4.6 per cent year-over-year.
(8:30 a.m. ET) U.S. nonfarm payrolls for April. Consensus is a gain of 60,000 jobs from March with the unemployment rate staying at 4.3 per cent and average hourly wages up 0.3 per cent.
(10 a.m. ET) U.S. University of Michigan Consumer Sentiment Index for May.
(10 a.m. ET) U.S. wholesale inventories for March.
Earnings include: Algonquin Power & Utilities Corp.; Aya Gold & Silver Inc.; CES Energy Solutions Corp.; Emera Inc.; Enbridge Inc.; Orla Mining Ltd.; Pepetua Resources Corp.; Toyota Motors Corp.