A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday March 16
China’s retail sales, industrial production and fixed asset investment
(8:15 a.m. ET) Canadian housing starts for February. The analyst estimate is a rise of 9.2 per cent on an annualized rate basis.
(8:30 a.m. ET) Canadian CPI for February. The Street expects a gain of 0.6 per cent month-over-month and 1.9 per cent year-over-year.
(8:30 a.m. ET) Canada’s national balance sheet and financial flow accounts for Q4.
(8:30 a.m. ET) Canada’s new motor vehicle sales for January. Estimate is a month-over-month decline of 0.3 per cent.
(9:15 a.m. ET) U.S. industrial production for February. Consensus is a gain of 0.1 per cent from January with capacity utilization remaining 76.2 per cent.
(10 a.m. ET) U.S. NAHB Housing Market Index for March.
Earnings include: Cardinal Energy Ltd., Dollar Tree Inc.
Tuesday March 17
(5 a.m. ET) Canadian existing home sales and average prices for February. Estimates are year-over-year declines of 7.0 per cent and 2.0 per cent.
(5 a.m. ET) Canada’s MLS Home Price Index for February. Estimate is a drop of 5.0 per cent year-over-year.
(8:15 a.m. ET) U.S. ADP employment (4-week average change) for Feb. 28.
(10 a.m. ET) U.S. leading indicator for February.
(10 a.m. ET) U.S. pending home sales for February. The Street is projecting a decline of 1.0 per cent from January.
Also: New Brunswick’s budget is released and U.S. Fed meeting begins
Earnings include: Alimentation Couche-Tard Inc., Lululemon Athletica Inc.
Wednesday March 18
Japan’s trade balance
Bank of Japan monetary policy meeting (through Thursday)
Euro zone CPI
(8:30 a.m. ET) Canada’s population estimates for Q4.
(8:30 a.m. ET) Canadian international securities transactions for January.
(8:30 a.m. ET) U.S. PPI for February. Consensus is a rise of 0.3 per cent from January and up 2.8 per cent year-over-year.
(9:45 a.m. ET) Bank of Canada’s policy announcement with Governor Tiff Macklem’s press conference to follow.
(10 a.m. ET) U.S. factory orders for January.
(2 p.m. ET) U.S. Fed announcement and summary of economic projections with Chair Jerome Powell’s press briefing to following.
Also: Quebec and Saskatchewan’s budgets are released.
Earnings include: General Mills Inc., Imperial Metals Corp., Macy’s Inc., Magellan Aerospace Corp., Micron Technology Inc., Power Corp. of Canada
Thursday March 19
Japan’s core machine orders and industrial production
Euro zone’s labour costs
ECB monetary policy meeting and announcement
(7 a.m. ET) Canada’s CFIB Business Barometer for March.
(8:30 a.m. ET) Canadian construction investment for January.
(8:30 a.m. ET) Canada’s household and mortgage credit for January.
(8:30 a.m. ET) U.S. initial jobless claims for week of March 14. Estimate is 215,000, up 2,000 from the previous week.
(10 a.m. ET) U.S. new home sales for January. Consensus is an annualized rate decline of 2.7 per cent.
(10 a.m. ET) U.S. wholesale and retail inventories for January.
(12 p.m. ET) U.S. funds flow for Q4.
Earnings include: Accenture PLC, Alibaba ADR, FedEx Corp., Foran Mining Corp., Hammond Power Solutions Inc., Orla Mining Ltd., Premium Brands Holdings Corp., Skeena Resources Ltd.
Friday March 20
Japanese markets closed
Euro zone’s trade surplus
(8:30 a.m. ET) Canadian retail sales for January. Estimate is a month-over-month rise of 1.5 per cent.
(8:30 a.m. ET) Canada’s new housing price index for February. Estimate is a decline of 0.2 per cent from January and a drop of 2.5 per cent year-over-year.
(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes for February. Estimates are month-over-month increases of 2.0 per cent and 3.0 per cent, respectively.
Earnings include: Carnival Corp.