By Ketki Saxena
Investing.com -- It’s set to be a big week on Bay Street, with earnings due from all six of Canada’s big banks. Scotiabank (TSX:BNS) kicks of the Q3 earnings season on Tuesday, followed by National Bank of Canada (TSX:NA) and RBC on Wednesday, and TD, BMO, and CIBC (TSX:CM) closing out the season on Thursday.
Analysts expect a “kitchen sink” quarter from the big banks as macro headwinds pressure capital market and asset management revenue, while the banks continue to shore up provisions for credit losses.
In Canadian economics, we’re set to see some major data including the employment report for November and Q3 GDP, expected at just above 1.0% (annualized) as the Bank of Canada’s policy tightening cools the Canadian economy.
Monday, November 28
- In Canadian Economics: Current Account Balance (Q3)
- No Major TSX earnings
- No major US earnings or economic data
Tuesday, November 29
- In Canadian Economics: Real GDP (Q3) and Monthly Real GDP (Sept)
- In the US: Conference Board Consumer Confidence Index
- TSX Earnings: Scotiabank, Roots, Shaw Communications
Wednesday, November 30
- No Major Canadian Economic Data
- TSX earnings: National Bank of Canada, Royal Bank of Canada (TSX:RY)
- In the US: ADP (NASDAQ:ADP) National Employment Report, Real GDP, Pending Home Sales, Beige Book
- US Earnings: Salesforce
Thursday, December 1
- In Canadian economics: Labour Productivity, Manufacturing PMI
- TSX earnings: TD Bank (TSX:TD), Bank of Montreal (TSX:BMO), CIBC
- In the US: Initial Jobless Claims, Personal Income & Consumption, Construction Spending
- US Earnings: Dollar General (NYSE:DG), Kroger (NYSE:KR)
Friday, December 2
- In Canadian Economics: Employment Report
- TSX earnings: Canadian Western Bank (TSX:CWB)
- In the US: Jobs Report
View all earnings.