Canada’s big banks will be in the spotlight in the coming week as they release their results for the third quarter, while he Canadian economic calendar includes a report on second-quarter GDP.

On Tuesday, Bank of Canada deputy governor David Longworth will address the Canadian Association for Business Economics in Kingston, Ont., on the bank’s response to financial turbulence in the Canadian economy.

On Thursday, Statistics Canada reports on the current account balance for the second quarter. Economists expect a surplus of $8-billion.

On Friday, StatsCan reports on the gross domestic product in the second quarter. Economists expect annualized growth of 0.5%.

Separately, the government agency reports on industrial product and raw materials prices for July. Economists forecast a 0.8% increase in the industrial product price index and a 0.4% increase in the raw materials price index from the same period a year ago.

South of the border

On Monday, the U.S. National Association of Realtors reports on existing home sales in July. Sales are expected to increase 0.9% to 4.91 million units, annualized.

On Tuesday, the U.S. Conference Board releases its consumer confidence report for August. Economists expect an index reading of 53, up from 51.9 in the prior month.

Mean while, the U.S. Commerce Department reports on new home sales in July. Economists forecast a drop of 1.2% to 524,000 homes, annualized. The house price index for June is expected to fall 0.4%.

On Wednesday, the U.S. Commerce Department reports on durable goods orders for July. A 0.1% increase is forecast. Excluding transportation, orders are forecast to have fallen by 0.5%.

On Thursday, the U.S. Department of Commerce reports on second-quarter gross domestic product. Economists expect annualized growth of 2.7%.

Meanwhile, the U.S. Department of Labour reports on initial jobless claims for the week ended Aug. 23. Economists forecast 425,000 claims, down from 432,000 a week earlier.

On Friday, the U.S. Department of Commerce reports on personal income and spending for July. Economists forecast income to remain unchanged, compared with a 0.1% gain in June; personal spending is expected to rise 0.3%, compared with a 0.6% increase in June.

Corporate earnings

On Monday, Canadian Resources Income Trust releases its semi-annual results.

On Tuesday, Bank of Montreal releases third-quarter results, as does Bank of Nova Scotia.

Sears Canada Inc. releases second-quarter results, while Rio Tinto PLC releases half-year results.

On Wednesday, CIBC releases its third-quarter results.

March Networks Corp. reports its Q2 results, as does American Eagle Outfitters Inc.

On Thursday, Toronto-Dominion Bank reports its Q3 results, as does Royal Bank of Canada, and National Bank of Canada.

Mosaid Technologies Inc. releases first-quarter results.

Dell Inc. reports on its Q2 results as does Tiffany & Co. and Sears Holding Corp.