Sales declined in eight of 11 subsectors, representing 65.6% of retail trade
Consumer spending stalled as incomes dropped for a second month and inflation posted a sizeable gain
BMO Economics' business activity index rebounded in May after a third wave slump
Labour reallocation in the wake of the pandemic may take longer than expected, TD says
The reading compared with a year-over-year gain of 3.4% in April
The inflation spike is likely temporary, but a Fed hike could come sooner than previously expected
Although U.S. stocks have performed well, valuations are looking pricey
Leaders will also discuss the economy and a global minimum tax of at least 15% on corporations
Survey finds a variety of upside and downside risks on forecasters' radar
The unemployment rate was 8.2% in May, little changed from 8.1% in April