Bank earnings season winds up this week, while investors will be digesting a slew of economic reports on the health of the U.S. economy.

On Wednesday, Statistics Canada reports on industrial product prices in July. Economists forecast a rise of 0.5%, compared with a decline of 0.4% the previous month.

Separately, StatsCan reports on raw material prices for July. Economists expect an increase of 2%, compared with a decline of 2.5% the previous month.

As well, the government agency reports on the current account balance for the second quarter. A surplus of $6.9 billion is expected, compared with $10.7 billion in the first quarter.

On Thursday, StatsCan releases data for gross domestic product for June and the second quarter. Economists forecast monthly growth of 0.2%, up from an unchanged rate a month earlier, and annualized growth of 2.7% for the quarter, down from 3.8% in the first quarter.

South of the border

On Tuesday, the U.S. Conference Board reports on consumer confidence for August. Economists expect a reading of 103, down from 106.5 in July.

Also Tuesday, the U.S. Federal Reserve’s Open Market Committee issues minutes from its meeting of Aug.8

On Wednesday, the U.S. Commerce Department issues preliminary figures on second-quarter gross domestic product. Economists expect an annualized rise of 3%, compared with a rise of 2.5% in the first quarter.

On Thursday, the U.S. Department of Labor releases data on initial jobless claims for the week ended Aug. 26. Economists predict 315,000 claims, up from 313,000 the previous week.

The U.S. Commerce Department releases data on personal income for July. Economists forecast a gain of 0.5%, compared with a gain of 0.6% for the previous month.

Separately, Commerce releases data on personal spending for July. Economists forecast a gain of 0.8%, compared with a gain of 0.4% for the previous month.

As well, Commerce reports on factory orders for July. Economists expect an annualized decline of 0.9%, compared with a rise of 1.2% a month earlier.

The Chicago arm of the National Association of Purchasing Managers releases its manufacturing index for August. Economists forecast a reading of 57, down from 57.9 the previous month.

Also Thursday, the European Central Bank Governing Council meets and issues interest rate statement.

On Friday, the U.S. Labor Department is slated to issue its employment report for August. Economists expect an unemployment rate of 4.7%, down from 4.8% a month earlier. Non-farm payrolls are expected to grow by 120,000 jobs, compared with a gain of 113,000 the previous month.

Separately, the U.S. Department of Commerce reports on construction spending for July. Economists expect spending to remain flat, compared with a rise of 0.3% the previous month.

Meanwhile, the University of Michigan issues its final index of consumer sentiment in August. Economists expect a reading of 79.3, up from 78.7 the previous month.

The U.S. bond market closes early at 13:00 ET in advance of Labour Day holiday in Canada and the U.S.

Corporate earnings

The third-quarter earnings season for the domestic banks winds up with the release of Bank of Nova Scotia results tomorrow and Canadian Imperial Bank of Commerce and National Bank of Canada results on Thursday.

Other companies scheduled to report include: Alimentation Couche-Tard Inc.; Bombardier Inc.; and Wi-LAN Inc.