Calendar: May 5 – May 9

Monday May 5

Japan, China and U.K. markets closed

(9 a.m. ET) Canada’s S&P Global Services PMI for April.

(9:45 a.m. ET) U.S. S&P Global Services and Composite PMI for April

(10 a.m. ET) U.S. ISM Services PMI for April.

Earnings include: Baytex Energy Corp.; CT REIT; Ero Copper Corp.; Ford Motor Co.; Gibson Energy Inc.; Palantir Technologies Inc.; Parkland Fuel Corp.; RioCan REIT; TMX Group Ltd.; Topaz Energy Corp.

Tuesday May 6

Japan markets closed

China and Euro zone services and composite PMI

(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.

(10 a.m. ET) U.S. Global Supply Chain Pressure Index for April.

(10 a.m. ET) Canada’s Ivey PMI for April.

Also: Canadian Prime Minister Mark Carney to meet with U.S. President Donald Trump in Washington; U.S. Fed meeting begins

Earnings include: Advanced Micro Devices Inc.; Boardwalk REIT; Colliers International Group Inc.; Dream Industrial REIT; Dundee Precious Metals Inc.; First Capital Realty Inc.; George Weston Ltd.; Iamgold Corp.; Intact Financial Corp.; Kinross Gold Corp.; Marriott International Inc.; Meg Energy Corp.; Ovintiv Inc.; SSR Mining Inc.; Suncor Energy Inc.

Wednesday May 7

Japan services and composite PMI

Euro zone retail sales

Germany factory orders

(2 p.m. ET) U.S. Fed announcement with chair Jerome Powell’s press briefing to follow.

(3 p.m. ET) U.S. consumer credit for March.

Earnings include: Atco Ltd.; Barrick Gold Corp.; B2Gold Corp.; Canadian Utilities Ltd.; CCL Industries Inc.; First Majestic Silver Corp.; Fortis Inc.; Great-West Lifeco Inc.; IA Financial Corp.; Kinaxis Inc.; Manulife Financial Corp.; Novo Nordisk ADR; Nutrien Ltd.; SmartCentres REIT; Stella-Jones Inc.; Torex Gold Resources Inc.; Tourmaline Oil Corp.; TransAlta Corp.; Uber Technologies Inc.; Walt Disney Co.; WSP Global Inc.

Thursday May 8

China trade surplus

Germany industrial production and trade surplus

Bank of England monetary policy announcement.

(8:30 a.m. ET) U.S. initial jobless claims for week of May 3. Estimate is 233,000, down 8,000 from the previous week.

(8:30 a.m. ET) U.S. productivity and unit labour costs for Q1 (preliminary reading)

(10 a.m. ET) Bank of Canada’s Financial Stability Report and Financial Systems Survey are released with press conference to follow.

(10 a.m. ET) U.S. wholesale inventories for March.

Earnings include: BCE Inc.; Brookfield Corp.; Canadian Natural Resources Ltd.; CAP REIT; Canadian Tire Corp. Ltd.; Chartwell Retirement Residences; CI Financial Corp.; ConocoPhillips; Definity Financial Corp.; Emera Inc.; Franco-Nevada Corp.; Hydro One Ltd.; IGM Financial Inc.; Lundin Gold Inc.; Pembina Pipeline Corp.; Quebecor Inc.; Restaurant Brands International Inc.; Shopify Inc.; Sun Life Financial Inc.; Wheaton Precious Metals Corp.

Friday May 9

China’s aggregate yuan financing, new yuan loans and current account surplus

Japan real cash earnings and household spending

(8:30 a.m. ET) Canadian employment for April. The Street expects a month-over-month increase of 0.1 per cent, or 25,000 jobs, with the unemployment rate remaining 6.7 per cent and average hourly wages up 3.8 per cent year-over-year.

Earnings include: Air Canada; Algonquin Power & Utilities Corp.; Arc Resources Ltd.; Docebo Inc.; Enbridge Inc.; Lassonde Industries Inc.; NuVista Energy Ltd.; Onex Corp.; Orla Mining Ltd.; Telus Corp.

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