It will be a quiet week for Canadian economic data, but the U.S. calendar is full and includes another decision on interest rates from the Federal Reserve Board.

On Thursday, Statistics Canada reports on the gross domestic product in November. Economists expect growth of 0.1% from the previous month.

On Friday, StatsCan reports on industrial product and raw materials prices in December. Economists expect a 0.5% increase for industrial products, and 0.9% in raw materials.

Also Friday, Mark Carney assumes the post of Governor of Bank of Canada.

South of the border

On Monday, the U.S. Commerce Department reports on new-home sales for December. Economists expect annualized sales of 649,000.

On Tuesday, the U.S. Department of Commerce reports on durable goods orders for December. Economists expect an increase of 1.9%.

Meanwhile, the U.S. Conference Board reports on consumer confidence for January. Economists expect a reading of 87.5.

On Wednesday, the U.S. Federal Reserve Board announces its regularly scheduled decision on interest rates.

Meanwhile, the U.S. Commerce Department releases advance figures on fourth-quarter gross domestic product. Economists expect annualized growth of 1.2%.

On Thursday, Statistics Canada reports on the gross domestic product in November. Economists expect growth of 0.1% from the previous month.

On Thursday, the U.S. Department of Labor reports for initial jobless claims for the week ended Jan. 26. Economists forecast 317,000 claims.

Meanwhile, the Chicago purchasing managers index for January is released. Economists expect a reading of 52.

On Friday, the U.S. Department of Labor issues its jobs report for January. Economists expect the unemployment rate to remain unchanged at 5%, and for non-farm payrolls to grow by 55,000 jobs.

As well, the University of Michigan issues its final index of consumer sentiment for January. Economists expect a reading of 79.

The U.S. Commerce Department reports on construction spending for December. Economists expect a drop of 0.5%.

The U.S. Institute of Supply Management posts its manufacturing index for January. Economists expect a reading of 47.5.

Corporate earnings

McDonald’s Corp. and Verizon Communications Inc. kick off a this week’s earnings parade on Monday.

Tuesday brings reports from 3M Co., Canadian Pacific Railway Ltd., Metro Inc., TransCanada Corp., and Yahoo Inc.

Among the companies scheduled to report Wednesday are Altria Group Inc., Amazon.com Inc., Boeing Co., Canadian Oil Sands Trust, Kellogg Co., Kraft Foods Inc., Merck & Co. Inc., United Parcel Service Inc.

On Thursday, reports are due from Celestica Inc., Google Inc., New York Times Co., Petro-Canada, Procter & Gamble Co., and Sierra Wireless Inc.

Friday brings reports from Chevron Corp., Exxon Mobil Corp., Gannett Co. Inc., and TransAlta Corp.