By Ketki Saxena
Investing.com -- The big story in Canadian economics this week will be July’s Consumer Price Index, due from Statistics Canada on Tuesday. Economists expect the reading to have moderated from June’s red-hot 8.1% year-on-year increase, as energy costs ease the housing market shows signs of cooling.
The CPI will not be the only inflationary index due this week in Canada; investors will also be keeping an eye on the industrial product and raw materials price indices due Thursday.
The week ahead will also include key U.S. economic data and releases, including the U.S. Federal Reserve’s release of meeting minutes from its last policy decision in July. Retail sales and weekly jobless claims can also be expected to provide direction to markets.
Monday, August 15
In Canadian Economics:
Canadian existing home sales
Manufacturing sales and wholesale trade
Bank of Canada’s Senior Loan Officer Survey
Tuesday, August 16
In Canadian Economics
Consumer Price Index
Canadian housing starts
International securities transactions
In the U.S: Building permits and housing starts
Wednesday, August 17
No major Canadian Economic data expected
In the U.S.:
Federal Reserve releases minutes from its last meeting
Retail sales
Thursday, August 18
In Canadian Economics:
Canadian industrial product and raw materials price indices
Teranet/National Bank home price index
In the U.S.
Initial jobless claims
Existing home sales
Friday, August 19
In Canadian Economics: Retail sales