By Ketki Saxena
Investing.com -- The week ahead will be a relatively quiet one, at least compared to last week, which saw another 75 bps move from the Bank of Canada and severely hawkish guidance.
Major data this week includes the Canadian national balance sheet, manufacturing sales, international transactions, and wholesale trade, which are expected to further indicate a cooldown in the domestic economy. We’ll also be expecting housing data including existing home sales and housing starts.
The week will feature several points of U.S. economic data, including CPI, PPI, jobless claims, and retail sales. The indicators are expected to provide further guidance on the Fed’s next move after September (at which a 75 bps hike has been largely priced in).
Internationally, we’ll also be watching for major data from China, including retail sales, industrial production, and fixed-asset investment, which investors will digest for indicators on the health of the global economy.
Here’s what to watch in Canadian Markets in the Week Ahead.
Monday, September 12
- In Canadian Economics: Canadian national balance sheet and financial flow accounts
Tuesday, September 13
- In Canadian economics: no major data
- TSX Earnings: Roots Corp (TSX:ROOT)
- What else to watch in Canadian Markets: BMO (TSX:BMO), Scotiabank (TSX:BNS) Conference
- In the US: CPI
Wednesday, September 14
- In Canadian Economics: manufacturing sales
- TSX Earnings: BRP Inc (TSX:DOO)
- In the US: PPI
Thursday, September 15
- In Canadian Economics: Existing home sales
- In the U.S: initial jobless claims, retail sales
Friday, September 16
- In Canadian Economics: Canadian housing starts, international securities transactions, and wholesale trade
- In the U.S: University of Michigan consumer sentiment index