Calendar: Apr 27 – May 1

Monday April 27

Bank of Japan’s monetary policy meeting (through Tuesday)

China’s industrial profits

Germany’s consumer confidence and retail sales

(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity index for April.

Earnings include: Celestica Inc., Nucor Corp., TFI International Inc., Verizon Communications Inc.

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Tuesday April 28

Japan’s jobless rate

ECB’s three-year CPI expectations

(8:15 a.m. ET) U.S. ADP employment for April 11.

(9 a.m. ET) U.S. S&P Cotality Case-Schiller Home Prince Index (20 city) for February.

(9 a.m. ET) U.S. FHFA House Price Index for February. The Street is projecting a rise of 0.1 per cent from January and up 1.6 per cent year-over-year.

(10 a.m. ET) U.S. Conference Board Consumer Confidence Index for April.

Also: Ottawa’s spring update and U.S. Fed meeting begins.

Earnings include: Aecon Group Inc., Booking Holdings Inc., Coca-Cola Co., General Motors Co., Hilton Worldwide Holdings Inc., Robinhood Markets Inc., Spotify Technology SA, Starbucks Corp., T-Mobile US Inc., Toromont Industries Ltd., United Parcel Service Inc., Visa Inc., Winpak Ltd.

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Wednesday April 29

Japan’s markets closed

Euro zone economic and consumer confidence

Germany’s CPI

(8:30 a.m. ET) U.S. durable and core orders for March. The Street expects month-over-month increases of 0.5 per cent for both.

(8:30 a.m. ET) U.S. goods trade deficit for March (first reading).

(8:30 a.m. ET) U.S. wholesale and retail inventories for March.

(8:30 a.m. ET) U.S. housing starts for March.

(8:30 a.m. ET) U.S. building permits for March.

(9:45 a.m. ET) Bank of Canada’s policy announcement and the release of its Monetary Policy Report with Governor Tiff Macklem’s press conference to follow.

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

Earnings include: Alamos Gold Inc., Alphabet Inc., Brookfield Infrastructure Partners LP, Canadian National Railway Co., Canadian Pacific Kansas City Ltd., Capital Power Corp., Capstone Mining Corp., Centerra Gold Inc., CGI Inc., Choice Properties REIT, Ebay Inc., FirstService Corp., GFL Environmental Inc., Kinross Gold Corp., Meta Platforms Inc., Methanex Corp., Microsoft Corp., Qualcomm Inc., West Fraser Timber Co. Ltd., Whitecap Resources Inc.

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Thursday April 30

China’s PMI

Japan’s retail sales and industrial production

Euro zone’s GDP and CPI

Germany’s GDP and unemployment

ECB’s monetary policy meeting

(8:30 a.m. ET) Canada’s monthly real GDP for February. Consensus is a rise of 0.2 per cent from January.

(8:30 a.m. ET) Canada’s payroll survey for February.

(8:30 a.m. ET) U.S. GDP and GDP price index for Q1. The consensus projections are annualized rate increases of 2.1 per cent and 4.0 per cent, respectively.

(8:30 a.m. ET) U.S. personal spending and income for March. The Street expects month-over-month rises of 0.9 per cent and 0.3 per cent, respectively.

(8:30 a.m. ET) U.S. core PCE price index for March. Consensus is a gain of 0.3 per cent from February and up 3.2 per cent year-over-year.

(8:30 a.m. ET) U.S. employment cost index for Q1. Consensus is a rise of 0.8 per cent from Q4 and up 3.3 per cent year-over-year.

(8:30 a.m. ET) U.S. initial jobless claims for week of April 25. Estimate is 212,000, down 2,000 from the previous week.

(9:45 a.m. ET) U.S. Chicago PMI for April.

(10 a.m. ET) U.S. leading indicator for February.

Earnings include: Agnico Eagle Mines Ltd., Air Canada, AltaGas Ltd., Apple Inc., Aritzia Inc., Bombardier Inc., Caterpillar Inc., Cenovus Energy Inc., Eldorado Gold Corp., Eli Lilly and Co., Endeavour Mining Corp., Gildan Activewear Inc., Labrador Iron Ore Royalty Corp., Lumine Group Inc., Mastercard Inc., Merck & Co. Inc., NextGen Energy Ltd., Spin Master Corp., Trisura Group Ltd.

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Friday May 1

China and Euro zone markets closed

Japan’s CPI, consumer confidence and manufacturing PMI

(8:30 a.m. ET) Canada’s provincial GDP for 2025.

(9:30 a.m. ET) Canada’s S&P Global Manufacturing PMI for April.

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

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

Also: U.S. and Canadian auto sales for April.

Earnings include: Arc Resources Ltd., Brookfield Renewable Energy Partners LP, Chevron Corp., Colgate-Palmolive Co., Exxon Mobil Corp., Hudbay Minerals Inc., Imperial Oil Ltd., Magna International Inc., Premium Brands Holdings Corp., Sprott Inc., TC Energy Corp., Telus Corp., Westshore Terminals Investment Corp.