On Monday, Canada Mortgage and Housing Corp. reports on housing starts in May. Economists expect 126,000 starts, on an annualized basis.

The Canadian Institute of Financial Planners conference continues in Halifax.

On Wednesday, Statistics Canada reports on international merchandise trade for April. Economists expect a surplus of $900 million.

Separately, StatsCan reports on the new housing price index for April. Economists expect a drop of 0.4% from the previous month.

On Thursday, StatsCan reports on the capacity utilization rate for the first quarter. Economists expect a rate of 71.5%.

Bank of Canada Governor Mark Carney delivers a speech at the Conference of Montreal: “Rebalancing the Global Economy.”

U.S. and overseas

On Tuesday, the U.S. Department of Commerce reports on wholesale inventories for April. Economists expect a drop of 1%.

On Wednesday, the U.S. Commerce Department reports on the trade balance for April. A deficit of US$28.7 billion is forecast.

The U.S. Treasury Department releases its monthly budget statement for May. A deficit of US$180 billion is forecast.

The U.S. Federal Reserve releases its periodic Beige Book survey of U.S. economic conditions.

On Thursday, U.S. Commerce reports advance retail sales for May. A gain of 0.3% from the previous month is forecast.

Separately, Commerce reports on business inventories for April. A drop of 1% is forecast.

The U.S. Department of Labour reports on initial jobless claims for the week ended June 6. Economists forecast 615,000 claims.

On Friday, the University of Michigan issues its preliminary report on consumer sentiment in June. Economists expect a reading of 69.5.

On Friday, the G8 finance ministers meet, Lecce, Italy.

Corporate earnings

On Monday, Westport Innovations Inc. reports fourth-quarter results.

On Tuesday, Saputo Inc. reports its fourth-quarter share results.

On Wednesday, ATS Automation Tooling Systems Inc. reports fourth-quarter results.

On Thursday, Com Dev International Ltd. reports. second-quarter results, as does MDS Inc., Transat A.T. Inc., and Transcontinental Inc. Transcontinental is the parent company of Investment Executive.

Lululemon Athletica Inc. reports first-quarter results, while North West Co. Fund reports fourth-quarter results.

On Friday, Patheon Inc. reports second-quarter results.

IE