Bank of Canada Governor David Dodge speaks on “Reflections on Developments in the Canadian Financial System,” in Toronto on Monday.

Meanwhile, Canada Mortgage and Housing Corp. reports on housing starts in November. Economists expect 218,800 annualized starts.

On Wednesday, Statistics Canada reports on international merchandise trade in October. Economists expect a surplus of $2.2 billion.

On Thursday, StatsCan reports on manufacturing shipments in October. Economists expect a monthly decline of 1.5%.

On Friday, StatsCan reports on the capacity utilization rate for the third quarter. Economists expect a rate of 82.5%.


South of the border

On Tuesday, the U.S. Commerce Department reports on wholesale inventories for October. Economists expect a rise of 0.5%.

Also, the U.S. Federal Reserve Board makes an interest rate announcement. Economists expect the federal funds rate to be cut by 25 basis points to 4.25%.

On Thursday, the U.S. Labor Department reports on the producer price index for November. A monthly increase of 1.5% is expected.

Separately, Labor reports on initial jobless claims for the week ended Dec. 8. Economists forecast 335,000 claims.

Meanwhile, the U.S. Commerce Department reports advance retail sales for November. Economists expect a rise of 0.6%.

Separately, Commerce reports on business inventories for October. Economists expect a rise of 0.3%.

On Friday, the U.S Labor Department reports on the consumer price index for November. Economists expect a rise of 0.6% from the previous month.

As well, the U.S. Federal Reserve Board reports on industrial production and capacity utilization in November. Economists forecast an increase of 0.1% in industrial production, and a capacity utilization rate of 81.7%.

Corporate earnings

Quarterly results are due from CHC Helicopter; Major Drilling Group International; Transcontinental (the parent company of Investment Executive; Empire Co.; MDS Inc.; Patheon; and Transat A.T. Inc.