It’s a light week for Canadian economic data, but investors will be paying close attention to Federal Reserve Board chairman Ben Bernanke. The Fed chief will give his semiannual monetary policy report to the U.S. Congress on Wednesday.

Investors will be looking for any indication that the Fed might pause its campaign of rate hikes.

On Monday, Statistics Canada scheduled to report on international securities transactions for May.

Separately, Statscan releases May data for new motor vehicle sales.

On Wednesday, StatsCan releases leading indicators data for June.

On Thursday, Statistics Canada releases wholesale trade figures for May.

On Friday, StatsCan reports on consumer price index figures for June.

South of the border

On Monday, the U.S. Federal Reserve releases its index of industrial production for June.

On Tuesday, the U.S. producer price index for June will be released, with economists predicting a gain over May of 0.3% (and 0.2% with food and energy prices stripped out).

On Wednesday, the U.S. Department of Labor reports on the consumer price index for June.

Meanwhile, the U.S. Commerce Department releases monthly data for building permits data for June.

On Thursday, the U.S. Department of Labour reports on initial jobless claims for the week ended July 15.

Corporate earnings

Domestic companies reporting their quarterly results this week include Fording Canadian Coal Trust Tuesday, Shoppers Drug Mart Corp. on Wednesday, Canadian National Railway Co. and Nova Chemicals Corp. on Thursday and TransAlta Corp. on Friday.