Canada's merchandise trade surplus with the United States rose to $7.4 billion
Consumer spending “continued to sputter” as economic growth weakened
Retail sales and bank earnings top this week's releases
But higher interest rates are weighing on economic activities dependent on credit
Sales at general merchandise retailers rose 3.3% in April, while food and beverage retailers saw a gain of 1.5%
New figures to be released this week could show signs of softening
Supply chains are good now but demand is lacking
High inflation remains the top issue for businesses, survey finds
Tighter financial conditions and diminished savings will weigh on U.S. consumers, Fitch says
Sales at gasoline stations and fuel vendors dropped 3.9%