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May 06, 2026
Preview: Due May 19 - Canada April CPI - Stronger overall but with slower core rates
May 6, 2026 3:24 PM UTC
We expect April Canadian CPI to bounce to 2.9% yr/yr (2.94% before rounding) from 2.4% in March, most of the acceleration due to April 2025 having seen the abolition of a carbon tax, thus lowering the year ago base relative to March. We expect the Bank of Canada’s core rates to be on balance softe
U.S. April ADP Employment - Labor market still looking healthy
May 6, 2026 12:38 PM UTC
April’s ADP’s estimate of private sector employment of 109k is slightly stronger than expected though not as strong as weekly ADP data had been hinting. Still, as the strongest increase since January 2025, it suggests the labor market is not weakening, suggesting Fed focus should be on inflation
FX Daily Strategy: N America, May 6th
May 6, 2026 9:20 AM UTC
Slightly stronger USD favoured on ADP data
Middle East risks suggest equities and riskier currencies vulnerable, but hopes of US/Iran deal maintain positive sentiment for now
JPY weakness against European currencies looks increasingly hard to justify
GBP strength against the EUR is likely reaching its