United States RealClearMarkets/TIPP Economic Optimism (MoM) above forecasts (42) in May: Actual (42.6)

May 5, 2026

US ISM Services PMI eases to 53.6 in April

Economic activity in the US service sector lost some momentum in April, with the ISM Services PMI easing to 53.6 from 54.0 in the previous month, coming in below analysts' expectations.

USD/CAD: Bearish bias holds below resistance – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is slightly firmer with USD/CAD holding near prior ranges. A softer US Dollar (USD) and firmer risk appetite are seen as mildly supportive for the CAD, while fair value has shifted lower toward 1.3424.