Canadian shares may open on a subdued note Friday morning with investors looking for directional clues. Data on Canadian producer prices and retail sales, and U.S. business activity are likely to set the tone for the market.
Despite some hawkish comments from Fed officials, investors expect the U.S. central bank to lower interest rates twice before the end of this year.
Data on Canadian producer prices and raw materials prices for the month of May, and retail sales report for April, are due at 8:30 AM ET.
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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.