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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.
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May 5, 2026
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.
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