02:20 PM EDT, 07/26/2024 (MT Newswires) -- According to CIBC, the May GDP data on Wednesday will show a "tepid advance", leaving more economic slack open ahead of the start of the Bank of Canada's interest rate cuts. Meanwhile, CIBC added, the advance June data will likely show "a slight retrenchment in activity", tied partly to a software outage that weighed on auto sales for part of that month.

Markets will also remain attuned to earnings reports, CIBC noted.

(The CIBC data calendar also notes the release of the BoC's Market Participants Survey is slated for next Friday.)

Price: 70.68, Change: +0.79, Percent Change: +1.13