By Ketki Saxena
Investing.com -- It’s set to be a major week in Canadian economics, with the big story to be the Consumer Price Index due Wednesday. Investors will be hoping for a positive surprise (as with last week’s US CPI), that will allow the Bank of Canada leeway to further slow or pause the pace of its rate hikes.
However, CPI will not be the only Canadian inflation index due this week. On Friday, Statistics Canada will release its Industrial Product and Raw Materials Price Indices, indicating the cost of goods as they enter and leave Canadian factories. Friday will also see the release of the Teranet/National Bank Home Price index, expected to see a continued moderation.
TSX Earnings will also continue in full swing this week with a focus on miners (Turquoise Hill, Ivanhoe, K92) and grocers (Metro (TSX:MRU), Loblaws)
Monday, November 14
- In Canadian Economics: BoC Senior Loan Officer Q3 Survey, Ontario Finance Minister Peter Bethlenfalvy presents Ontario Fall Economic Statement
- TSX Earnings: Turquoise Hill Resources (TSX:TRQ) Ivanhoe Mines (TSX:IVN), K92 Mines, H&R REIT
- In the US: Tyson Foods (NYSE:TSN) Earnings
Tuesday, November 15
- In Canadian Economics: Manufacturing Sales & Orders, Wholesale Trade, Existing Home Sales, MLS Home Price Index
- TSX Earnings: Stelco
- In the US: Producer Price Index, Empire State Manufacturing Survey
- US Earnings: Home Depot (NYSE:HD), Krispy Kreme, Walmart (NYSE:WMT)
Wednesday, November 16
- In Canadian Economics: Housing Starts, Consumer Price Index
- In the US: Retail Sales, Trade Price Indices, Industrial Production and Capacity Utilization, Business Inventories
- TSX Earnings: Metro, Loblaw, NFI Group (TSX:NFI)
- US Earnings: Lowes, Target (NYSE:TGT), TJX (NYSE:TJX), Cisco Systems (NASDAQ:CSCO), Bath & Body Works, NVIDIA (NASDAQ:NVDA)
Thursday, November 17
- No Major Canadian Economic data or TSX earnings
- In the US: Initial Jobless Claims, Housing Starts & Building Permits, Philadelphia Fed Index
- US earnings: Kohl’s, The Gap
Friday, November 18
- In Canadian Economics: Teranet-National Bank House Price Index, Industrial Product and Raw Materials Price Indices, International Securities Transactions
- In the US: Existing Home Sales
- US Earnings: Foot Locker (NYSE:FL), The Children’s Place