Canada is set to release its gross domestic product for May at 8:30 am ET. The Canadian GDP is expected to slow to 0.2 percent in the month compared to a 0.3 percent increase in April. Annually, the economy is expected to expand 2.6 percent from 2.0 percent growth recorded in the previous month.
Canada's industrial product price and raw materials price indexes for June are also due out at 8:30 am ET. Both are expected to show negative reading in the month.
The Canadian dollar edged lower against its major rivals ahead of the data. As of 8:25 am ET, the loonie was trading at 1.2335 against the euro, 1.0030 against the greenback and 78.0 against the yen.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.