On Monday, Statistics Canada reports on wholesale trade for November. Economists expect that sales rose 0.3% from October.

On Tuesday, StatsCan releases November retail sales. Economists expect a 0.3% increase.

Meanwhile, the Bank of Canada makes its interest rate announcement. Economists expect the target for the key overnight rate to be set at 4%, down from 4.25%.

On Wednesday, StatsCan reports on the leading indicators for December. Economists forecast no change from the previous month.

On Thursday, the Bank of Canada releases a monetary policy report update.

On Friday, StatsCan reports on the consumer price index for December. Economists expect the key indicator of inflation to come in at 2.4%, from 2.5 in November.

U.S. and overseas

On Monday, U.S. markets are closed to observe Martin Luther King Day.

On Wednesday, the World Economic Forum’s annual meeting begins in Davos, Switzerland, running until January 27.

On Thursday, the U.S. Department of Labor reports initial jobless claims for the week ended Jan. 19. Economists forecast 320,000 claims, up from 301,000 the previous week. Data on continuing claims will also be released.

Meanwhile, the U.S. National Association of Realtors reports on existing home sales for December. Annualized sales are expected to fall 1% to 4.95 million.

Corporate earnings

A few Canadian companies will join the parade of U.S. and global companies filing quarterly earnings reports.

On Monday, Philips Electronics NV releases fourth-quarter results.

Canadian National Railway Co. and Suncor Energy Inc. report Tuesday, as does Apple Inc., Texas Instruments, and Johnson & Johnson.

Methanex Corp reports Wednesday, as eBay Inc; Motorola, ConocoPhillips, Southwest Airlines, and credit card issuer Capital One Financial.

On Thursday, Potash Corp. of Saskatchewan reports, along with Microsoft, AT&T, Nintendo, Lockheed Martin, Nokia, Sun Microsystems, and Xerox.

Friday brings reports from Commerce Bancorp, Caterpillar, and Harley-Davidson.