On Monday, Statistics Canada reports on the gross domestic product in June and for the second quarter. Economists expect an increase of 0.1% from the previous month, and a drop of 3% from the first quarter.

On Friday, StatsCan releases its labour force survey for August. Economists expect the unemployment rate to rise to 8.8% and a net loss of about 20,000 jobs.

Also, the Ivey purchasing managers index for August is released. A reading of 54 is expected.

South of the border

On Monday, the Chicago purchasing managers index for August is released. A reading of 48 is expected.

On Tuesday, the U.S. Institute for Supply Management manufacturing index for August is released. A reading of 50.5 is expected.

Meanwhile, the U.S. Department of Commerce reports on construction spending for July. Economists expect no change from the previous month.

Separately, Commerce releases vehicle sales figures for August. The seasonally adjusted annualized sales rate is expected to rise to 9.4 domestic vehicles and 12.5 million total vehicles.

On Wednesday, U.S. Commerce Dept. reports on factory orders for July. A rise of 2% from the previous month is expected.

Also, the U.S. Federal Reserve releases minutes of the Aug. 12 meeting of the Federal Open market Committee, Washington.

On Thursday, the U.S. Department of Labour reports on initial jobless claims for the week ended Aug. 29. Economists forecast 560,000 claims, down from 570,000 the previous week.

On Friday, the U.S. Labour Dept. releases its employment report for August. Economists expect a loss of 225,000 in non-farm payrolls. The unemployment rate is expected to rise to 9.5% from 9.4% the previous month.

Corporate earnings
On Wednesday, Bombardier Inc. reports its second-quarter results.

On Thursday, Canadian Western Bank reports third-quarter results, as does Laurentian Bank of Canada.

Reitmans (Canada) Ltd. reports second-quarter earnings.

IE