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                          Canada Retail Sales Continue to Rise, Buoyed by Higher Gas Prices

Canadian retail sales rose 0.5% in April and an estimated 1% in May, primarily driven by higher gasoline prices, Statistics Canada said.
Core retail sales, excluding auto and gas sectors, fell 0.7% in April, marking a second consecutive monthly decline.
Trade at motor vehicle and parts dealers recovered 1.7% in April, while industry-level GDP rose 0.4% for the month.

                          SEC Proposes Scrapping Climate-Related Disclosure Rules

The Securities and Exchange Commission called for a formal rescission of its climate-related disclosure rules.
The SEC approved the climate disclosure rules in March 2024, but paused them a month later amid lawsuits.
The agency stopped defending the rules in May 2025 and now says they exceed its statutory authority.

                          Canada’s Bank Regulator Cuts Capital Buffer for Big Banks to Spur Lending

Canada’s banking regulator lowered the domestic stability buffer for large banks to 3% from 3.5% to boost lending and investment.
The change releases C$74 billion in capital, lowering the six largest banks’ Tier 1 ratio by 0.5 percentage points to 11%.
Canada’s economy shrank in the first quarter after a Q4 2025 contraction, raising concerns about a technical recession.

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