Alongside an anticipated interest-rate hike on Thursday, the central bank is expected to raise its inflation forecast from March, which assumed a swift end to the war in Iran.
America’s trade deficit was close to unchanged in April, adding to evidence that the Trump administration’s tariffs have done little to rebalance the U.S.’s trade position with the rest of the world.
Production rebounded slightly in April, helped by gains in new orders after firms stockpiled inventory to prepare for higher energy prices caused by war in the Middle East.
Manufacturing orders dropped—the first decline since January—reversing some of the gains in March that came on the back of stock building after the outbreak of the war in Iran.
This new ranking also showcases tech giants Alphabet, Microsoft, Meta and Cisco, propelled by high scores for innovation, financial strength and AI readiness.
Employers in the country added 87,800 jobs in May, Statistics Canada said. That was the strongest single month since the start of 2024, and rolled back a chunk of the more than 112,000 jobs lost between January and April.
U.S. inflation data in the coming week will be closely watched as investors gauge how likely it is that the Federal Reserve will raise interest rates this year.
Trade appears to have remained resilient despite headwinds from the war in the Middle East, which seem to have been partly offset by rising demand for electronic components related to investment in AI.