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June 03, 2026
Preview: Due June 22 - Canada May CPI - A further lift from energy while core rates pause after a weak April
June 3, 2026 7:27 PM UTC
We expect May Canadian CPI to see a further acceleration to 3.0% yr/yr from 2.8% (to 3.04% from 2.82% before rounding) while the Bank of Canada’s core rates see little change following a notable slowing in April which took two of the three measures close to the BoC‘s 2.0% target.
Preview: Due June 9 - U.S. May Existing Home Sales - Some positive signals
June 3, 2026 4:37 PM UTC
We expect May existing home sales to increase by 2.0% to 4.10m, extending a marginal 0.2% increase in April but still not fully reversing March’s 2.9% decline. This would bring the first yr/yr increase since October 2025, by 1.5%, following a flat April.
U.S. May ADP Employment - Trend picking up
June 3, 2026 12:36 PM UTC
May’s ADP’s estimate of private sector employment of 122k is in line with market exactions if not quite as strong as weekly ADP data for the preceding week had been implying. Still, it maintains a recent improvement in trend and like last week’s was, is the strongest increase since January 2
ECB Preview (Jun 11): Words Not Deeds the Focus
June 3, 2026 10:23 AM UTC
Aware of repeating ourselves (again), it is the case that the next ECB Council meeting will be more important for what is said than what is done. In fact, a 25 bp official rate hike is virtually nailed on irrespective of how events in the Middle East may fare in coming days. But the ECB comments
