It’s a quiet week for economic data as markets in the Canada and the United Sates will close for national holidays on Tuesday and Friday, respectively.

Statistics Canada reports on the gross domestic product for April, on Monday. Economists expect an increase of 0.3% from the previous month.

On Tuesday, the Toronto Stock Exchange and the TSX Venture Exchange will be closed for Canada Day. Both exchanges reopen for business Wednesday.

On Friday, the Richard Ivey purchasing managers index for June is posted. Economists expect a reading of 62, down from 62.5 the previous month.

U.S. and overseas

On Tuesday, the U.S. Commerce Department reports on June sales of cars and trucks. Economists forecast domestic vehicle sales of 10.2 million, down from 10.5 million, and total vehicle sales of 14.1 million, down from 14.3 million.

Separately, Commerce reports on construction spending for May. Economists expect a drop of 0.6%.

On Wednesday, the U.S. Commerce Department reports on factory orders for May. Economists forecast a 0.4% increase from the previous month.

Overseas, the Organization for Economic Co-operation and Development releases its employment outlook for 2008 at news conference in Paris.

On Thursday, the U.S. Department of Labour releases its jobs report for June. The unemployment rate is expected to fall to 5.4% from 4.5%. Non-farm payrolls are expected to lose 60,000 jobs.

Separately, Labour reports initial jobless claims for the week ended June 28. Economists forecast 385,000 claims.

Overseas, the European Central Bank makes its interest rate announcement.

On Friday, U.S. markets will close for the Fourth of July holiday.

Corporate earnings

On Monday, H&R Block Inc. reports its fourth-quarter results.

On Tuesday, Constellation Brands Inc. releases its first-quarter results.