This week will bring relatively few economic data releases, but the onslaught of corporate earnings news will continue.
In Canada, Monday will see the release of International Securities Transactions for August.
Tuesday brings the release of the Consumer Price Index for September and Wholesale Trade figures for August.
Economists are now expecting core inflation to hold at an annual rate of 1.5%. Overall inflation is seen rising to an annual rate of 2.2% in September, from August’s 2%.
On Wednesday, the Leading Indicators for September will be released along with Retail Sales data for August.
Also on Wednesday, the Bank of Canada will issue a new edition of its Monetary Policy Report, which will provide a detailed outline of its views on the economy, including any changes to its growth and inflation forecasts.
The publication comes a week after the central bank’s latest fixed-date policy announcement, in which it decided to keep interest rates unchanged.
TD Economics say “this document will be a key input in formulating market expectations of any possible additional near-term rate cuts, as well as shaping longer range expectations for the timing of eventual Bank of Canada rate hikes.”
In the United States, the Leading Indicators for September will be released Monday.
Initial jobless claims for the week of October 18 will be released on Thursday.
There are no significant releases on either side of the border on Friday.
Earnings season is well underway and Bay Street will hear from a handful of its most prominent companies this week.
WestJet Airlines Ltd. will start the week on Monday, when it opens the books on its third quarter.
On Tuesday, Inco releases its results. The world’s second-biggest nickel producer warned last weekthat production glitches at its main Sudbury operations and the impact of a red-hot loonie will shave US10¢ to US15¢ from its third-quarter per share profit.
On Wednesday, investors will hear from Stelco Inc.
Tech bellwether Nortel Networks will unveil its latest results on Thursday.
Also on Thursday, Celestica Inc. is expected to post a loss when it reports its third-quarter results.