In the United States:

Yep, the Federal Reserve is staying the course by keeping its benchmark interest rate steady this week. They're even hinting that rates will likely hang out in the high territory for a bit longer.

On the job front, things slowed down a tad in April in the U.S., with only 175,000 new gigs. But hey, the unemployment rate remains low, at 3.9%, so there's still reason to smile.

That impressive productivity surge from last year? Looks like it's taking a breather for now. It's kind of plateauing, but nothing to lose sleep over, right?

As for Canada:

Hey, our economy kept on trucking in February, even if it's starting to feel a bit winded after January's sprint. But hey, the GDP for the first quarter is shaping up to be solid, which is good news.

However, the trade numbers suggest that this momentum won't last, with foreign trade putting a bit of a damper on first-quarter growth.

And as for the Bank of Canada, the big question right now is whether it will cut rates in June or July. Our gut feeling? July seems to align better with the fundamentals. And that's pretty encouraging, isn't it?

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