The economic calendar is light for the coming week, but economists will still be looking for signs on how the economy was faring at the end of the second quarter.
Statistics Canada will deliver its report on June’s new vehicle sales on Monday. Economists are expecting sales to slip by 2%.
The report International securities transactions for June is scheduled to be released on Wednesday.
On Friday, StatsCan will release its report on June wholesale sales. It is expected to show a healthy 0.5% increase following May’s 0.3% rise.
In the United States, Tuesday release of July’s consumer price index will garner the most attention. Economist are looking for a modest 0.1% increase in headline inflation and a 0.2%rise in the core inflation, which excludes the index’s most volatile components.
Tuesday will also bring a report on U.S. housing starts and building permits for July.
U.S. initial weekly jobless claims and the composite index of leading indicators for July are unveiled on Thursday.
In earnings news, Investors will finally get to examine Nortel’s financial results on Thursday.
In addition to Nortel, investors will receive quarterly earnings from Applied Materials Inc., Home Depot Inc., Jean Coutu Group (PJC) Inc., Navistar International Corp. and Gap Inc.