Markets Brace for Canada CPI at 3.1% as Nvidia, Walmart and G7 Meeting Loom

2 articles · Updated · The Globe and Mail · May 15

Canada’s April CPI is the week’s key domestic release on May 19, with economists expecting prices to rise 0.6% month over month and 3.1% from a year earlier.
That inflation print lands alongside housing data, March building permits and April new home prices, before March retail sales on May 22 are forecast to climb 0.6%.
In the U.S., investors will parse April 28-29 Fed minutes, weekly jobless claims seen at 210,000 and housing starts expected to fall at a 6.5% annualized rate.
China’s retail sales, industrial production and fixed-asset investment open the week, while Japan and the euro zone also deliver GDP, trade, PMI and inflation readings.
Nvidia, Walmart, Home Depot, Target, Lowe’s and Intuit headline earnings, with G7 finance ministers meeting in Paris through Tuesday adding a policy backdrop.

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