On Monday, Statistics Canada releases its survey of manufacturing shipments in April. Economists forecast a drop of 1.8%.

On Tuesday, StatsCan releases data on first-quarter labour productivity. Economists expect a 0.2% drop from the previous quarter.

On Wednesday, StatsCan reports on wholesale activity in April. Economists expect a drop of 0.7% from the previous month.

Separately, the government statistical agency reports on leading indicators for May. A drop of 0.6% from the previous month is forecast.

On Thursday, StatsCan reports on the consumer price index for May. Economists expect a 0.2% drop, year-over-year.

Meanwhile, Bank of Canada Governor Mark Carney gives a speech to the Regina & District Chamber of Commerce.

On Friday, StatsCan reports on retail sales for April. Economists expect a drop of 0.1% from the previous month.

South of the border

On Tuesday, the U.S. Department of Labour reports on the producer price index for May. Economists expect a monthly increase of 0.6% and a year-over-year decline of 4.4%.

The U.S. Department of Commerce reports on building permits and housing starts for May. Economists forecast 500,000 permits on an annualized basis, and 480,000 starts, annualized.

The U.S. Federal Reserve Board reports on industrial production and capacity utilization in May. Industrial production is forecast to fall 0.9%, and the capacity utilization rate is forecast to be 68.4%.

On Wednesday, the U.S. Labour Department reports on the consumer price index for May. Economists expect a rise of 0.3% from the previous month, and drop of 0.9% year-over-year.

U.S. Commerce releases data on the current account balance for the first quarter. A deficit of US$85 billion is expected.

On Thursday, the U.S. Labour Department reports on initial jobless claims for the week ended June 13. Economists forecast 610,00 claims.

As well, U.S. Treasury Secretary Timothy Geithner testifies before a House committee about the U.S. government’s proposal to overhaul financial regulations, Washington.

Corporate earnings

On Tuesday, Best Buy Co. Inc. reports first-quarter results.

Adobe Systems Inc. reports second-quarter results.

On Wednesday, FedEx Corp. reports fourth-quarter results.

On Thursday, Research in Motion Ltd. reports its first-quarter results.

IE