Breaking News
Investing Pro 0
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

Canadian Markets Week Ahead: Big 6 Bank Earnings, Q3 GDP, October

Economic Indicators Nov 26, 2022 18:21
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

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.

Canadian Markets Week Ahead: Big 6 Bank Earnings, Q3 GDP, October
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email