The Daily Chase: Markets point to flat open; TC Energy pauses construction on parts of pipeline - BNN Bloomberg

It appears traders are treading carefully

as we await another key measure of price pressures south of the border. Consumer prices are expected to have risen 5.0 per cent year-over-year in April, stubbornly in-line with the print a month prior. The fact we're still talking about a five-handle on inflation shows just how much work there's left to be done for the U.S.

Shares of AirBNB are under pressure in the premarket – down about 13 per cent – after the company delivered a cautious second-quarter revenue forecast, indicating rising prices and the uncertain macroeconomic backdrop may be weighing on travel demand.Notable data: Building Permits, U.S. Consumer Price Index

Notable earnings: Brookfield Asset Management, ROBLOX, Bonterra Energy, Boralex, Wendy's Co., Home Capital Group, MasterCraft Boat Holdings, Boston Pizza Holdings, Nuvei Corp.

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The Daily Chase: Alberta wildfires hit oil production; Suncor beats analyst expectations - BNN Bloomberg​The impact of the wildfires raging across northwestern Alberta continue to reverberate through the Canadian energy industry.
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