In focus Monday:

Canada's elections, with Liberal Party candidate PM Mark Carney tipped to win, although polls suggest his lead has diminished. Voters appear to prefer Carney as the candidate best positioned to push back against President Trump to protect Canada's sovereignty and economy. Election results are expected by midnight ET.

In US economic data, after a quiet Monday, a huge week ahead featuring the JOLTS job openings and consumer confidence on Tuesday, a first look at GDP for Q1 on Wednesday plus personal income and spending, then US ISM manufacturing on Thursday and employment on Friday. Also pending this week, roughly 40 percent of the S&P 500 will report earnings, including several Magnificent Seven names like Amazon, Apple, Meta and Microsoft. Lots of focus on how firms register the impact of tariffs.

Weekend news coverage highlighted rising expectations for a US supply shock as US-China trade has been disrupted by tariffs on both sides. No clarity on the trade situation over the weekend amid conflicting statements from Trump and Chinese officials on whether any high-level talks have occurred.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.