At 10:00 a.m. EDT, U.S. mass layoffs data for the month of May will be released from the U.S. Bureau of Labour of Statistics. There were 133,914 mass layoffs in April.

In the early afternoon, markets will be attentive to comments from U.S. presidential candidate John McCain speaking in Ottawa on free trade at the Economic Club of Toronto.

8:30 CA Retail Sales (M/M) April Exp.: +0.6% Prior: +0.1%

8:30 CA Retail Sales Less Autos (M/M) April Exp.: +0.6% Prior: 0.0%

10:00 U.S. Mass Layoffs May Prior: 133,914

10:30 CA Canadian Money Supply Y/Y May Prior: +7.3%

13:00-14:00 CA U.S. Senator McCain Speaks in Ottawa

By Erik Kevin Franco and with contributions by Steve Stecyk and edited by Sarah Sussman