On Monday, Statistics Canada reports on international securities transactions in April. Economists expect a net inflow of $5 billion.

U.S. and overseas

On Tuesday, the U.S. Department of Commerce releases the housing price index for May. Economists expect a drop of 0.3% from the previous month.

The U.S. National Association of Realtors reports on existing home sales in May. An increase of 3% from the previous month to 4.82 million sales, annualized, is forecast.

On Wednesday, the U.S. Federal Reserve’s Federal Open Market Committee announces its decision on interest rates. Economists expect the benchmark rate to remain unchanged at 0.25%.

Meanwhile, the U.S. Commerce Department reports on durable goods orders for May. Economists expect a drop of 0.8%.

Separately, Commerce reports on new home sales in May. Economists expect a rise of 2.3% from the previous month to an annualized figure of 360,000 homes.

In New York, the United Nations holds three-day Global Summit on World Financial and Economic Crisis and the Impact on Development.

In Paris, the Organization for Economic Co-operation and Development publishes its economic outlook for the OECD region.

On Thursday, the U.S. Commerce Department releases its final report on gross domestic product for the first quarter. An annualized drop of 5.7% is forecast.

The U.S. Department of Labour reports on initial jobless claims for the week ended June 20. Economists forecast 602,000 claims.

On Friday, the University of Michigan issues its final report on consumer sentiment in June. A reading of 69 is forecast.

Corporate earnings

On Tuesday, tech bellwether Oracle Corp. reports fourth-quarter reults.

On Wednesday, AGF Management Ltd. reports second-quarter results.

On Thursday, Mosaid Technologies Inc. reports fourth-quarter earnings.

On Friday, Shaw Communications Inc. reports third-quarter results.

IE