Quick Overview

• YoY Canada’s consumer prices rose 0.4% in April
  

• British manufacturer expectations improved from -32% to -17% in May

• The U.S. Department of Energy said:
  Supplies of crude oil fell 2.1 million barrels to 368.5 million barrels
  Supplies of gasoline fell 4.3 million barrels
  Supplies of heating oil rose 300,000 barrels.
  Refinery use fell from 83.7% to 81.8% of capacity.
  Gasoline demand fell 1.2%
  Distillate demand fell 12.0%
  
  

• The World Gold Council said gold demand was 1,016 tons in Q1, up 38% YoY

• The Apiary Inspectors of America and the USDA issued a study that shows that the U.S. is still losing honey bees at an alarming rate. The survey found that from last September through this April the U.S. lost approximately 29% of honey bee colonies. This is down from a 36% loss in 2007-2008 and the 32% loss in 2006-2007.