A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday May 11
China’s CPI, PPI, aggregate yuan financing, new yuan loans and trade surplus
(10 a.m. ET) U.S. existing home sales for April. The Street expects an annualized rate increase of 1.8 per cent.
(10:30 a.m. ET) Bank of Canada’s Market Participants Survey for Q1 is released.
Earnings include: Constellation Energy Corp.; Chemtrade Logistics Income Fund; Cronos Group Inc.; CT REIT; Exchange Income Corp.; Fox Corp.; K92 Mining Inc.; Minto Apartment REIT; Ovintiv Inc.; Simon Properties Group Inc.; Trican Well Service Ltd.
Tuesday May 12
Japan’s household spending
Germany’s CPI
(6 a.m. ET) U.S. NFIB Small Business Economic Trends Survey for April.
(8:30 a.m. ET) U.S. CPI for April. The consensus is an increase of 0.6 per cent from March and up 3.7 per cent year-over-year.
(2 p.m. ET) U.S. budget balance for April.
Earnings include: Altius Minerals Corp.; Constellation Software Corp.; Denison Mines Corp.; Finning International Inc.; First Majestic Silver Corp.; Franco-Nevada Corp.; George Weston Ltd.; Parex Resources Inc.; Peyto Exploration & Development Corp.; Power Corp. of Canada; Wesdome Gold Mines Ltd.
Wednesday May 13
Japan’s bank lending
Euro zone’s GDP and industrial production
(8:30 a.m. ET) U.S. PPI for April. The Street expects a month-over-month increase of 0.5 per cent and year-over-year gain of 4.8 per cent.
(1:30 a.m. ET) Bank of Canada’s summary of deliberations from April 29 decision is released.
Earnings include: Alibaba ADR; Birchcliff Energy Ltd.; Bird Construction Inc.; CCL Industries Inc.; Cisco Systems Inc.; Freehold Royalties Ltd.; Hydro One Ltd.; Manulife Financial Corp.; Northland Power Inc.; Stantec Inc.; TerraVest Industries Inc.
Thursday May 14
Japan’s current account surplus
(5 a.m. ET) Canada’s existing home sales and average prices. Estimates are a decline of 2.0 per cent year-over-year and a gain of 0.1 per cent, respectively.
(5 a.m. ET) Canada’s MLS Home Price Index for April. Estimate is a year-over-year slide of 4.0 per cent.
(8:30 a.m. ET) Canadian wholesale trade for March. Consensus is a rise of 1.4 per cent from February.
(8:30 a.m. ET) Canada’s new motor vehicle sales for March. Estimate is a decline of 8.0 per cent year-over-year.
(8:30 a.m. ET) U.S. initial jobless claims for week of May 9. Estimate is 205,000, up 5,000 from the previous week.
(8:30 a.m. ET) U.S. retail sales for April. The Street expects a rise of 0.5 per cent from March.
(8:30 a.m. ET) U.S. import prices of April. Consensus is a month-over-month increase of 1.1 per cent and year-over-year gain of 3.1 per cent.
(10 a.m. ET) U.S. business inventories for March.
Also: U.S. President Donald Trump’s summit in Beijing (through Friday)
Earnings include: Applied Materials Inc.; Aya Gold & Silver Inc.; Boralex Inc.; Brookfield Corp.; Canada Goose Holdings Inc.; Canadian Tire Corp. Ltd.; H&R REIT; Keyera Corp.; Quebecor Inc.
Friday May 15
Japan’s machine tool orders
ECB’s Economic Bulletin is released
(8:15 a.m. ET) Canadian housing starts for April. Estimate is an annualized rate rise of 1.8 per cent.
(8:30 a.m. ET) Canada’s manufacturing sales and new orders for March. Consensus estimates are month-over-month increases of 3.5 per cent and 4.0 per cent, respectively.
(8:30 a.m. ET) Canada’s international securities transactions for March.
(9:15 a.m. ET) U.S. industrial production and capacity utilization for April.
Earnings include: Onex Corp.