One week after the U.S. Federal Reserve hiked interest rates and hinted at another rise in December, investors will be looking for signs of continuing economic expansion.
In Canada, the light data flow begins on Monday with manufacturing shipments for September. As well, senior deputy governor of the Bank of Canada Paul Jenkins, will give a speech in St. Catharines.
On Tuesday, Minister of Finance Ralph Goodale will appear before the House of Commons Standing Committee on Finance to present the federal government’s annual economic and fiscal update.
Wednesday will be quiet. Thursday will bring the release of international securities transactions for September.
On Friday, Statistics Canada will release the wholesale trade report for September.
South of the border, investors will be looking at the producer price index for October to be released on Tuesday for signs of business inflation.
Wednesday brings consumer inflation numbers with the release of the consumer price index for October.
Reports on U.S. housing starts and industrial production and capacity utilization will also be released Wednesday.
On Thursday, the U.S. Conference Board will release its composite index of leading indicators for October.
There are no U.S. economic reports scheduled to be released Friday.
On the earnings front, investors will hear from Bema Gold and CP ships on Monday. Couche-Tard and Metro report Tuesday. Creo releases its earnings on Wednesday. On Thursday, Mosaid and Tembec report. Loblaw closes the week on Friday.
Major U.S. companies reporting their latest quarterly results include Wal-Mart, Hewlett-Packar., Home Depot, Gap, Limited Brands., Novell, Applied Materials and Walt Disney.
Week ahead: Goodale to deliver fiscal update Tuesday
U.S. consumer inflation report coming Wednesday
- By: IE Staff
- November 15, 2004 November 15, 2004
- 08:30