The economic calendar for the coming week includes reports on housing and Canada’s trade surplus.

On Tuesday, Canada Mortgage and Housing Corp. reports on housing starts in August. Economists forecast 220,000 starts on an annualized basis, compared with 215,600 a month earlier.

Meanwhile, Statistics Canada posts the new housing price index for July. Economists expect an increase of 0.6% is expected.

Separately, StatsCan reports on international merchandise trade in July. Economists expect a surplus of $5 billion.

The Scotia Capital Financials Summit takes place Tuesday and Wednesday in Toronto.

On Wednesday, Bank of Canada Governor David Dodge addresses the Canada-U.K. Chamber of Commerce, in London, England.

On Thursday, Statistics Canada reports on the capacity utilization rate for the second quarter. Economists expect the rate at 83.2%, up from 83% the previous quarter.

On Friday, Statistics Canada reports on manufacturing shipments in July. Economists expect a rise of 1%, compared with a decline of 1.8% the previous month.

Separately, StatsCan reports on labour productivity in the second quarter. Economists expect an increase of 0.5%, compared with a gain of 0.7% the previous quarter.

U.S. and overseas

On Monday, the U.S. Federal Reserve Board reports on consumer credit in July. Economists expect an increase of US$8.3 billion.

On Tuesday, The U.S. Commerce Department reports on the trade balance in July. Economists expect a deficit of US$59 billion.

Overseas, the Organization of Petroleum Exporting Countries holds its 145th ordinary meeting in Vienna.

On Wednesday, the International Monetary Fund releases its semi-annual global financial stability report.

On Thursday, the U.S. Labor Department reports on initial jobless claims for the week ended Sept. 8. Economists forecast 325,000 claims, compared with 318,000 the previous week.

On Friday, the U.S. Commerce Department reports on retail sales in August. Economists expect growth of 0.5%.

Separately, Commerce reports on business inventories in July. Economists expect an increase of 0.3%.

Also, the U.S. Federal Reserve Board reports on its industrial production index and capacity utilization for August. Economists expect the index to rise by 0.3% and capacity utilization at 82%.

Corporate earnings

It’s a quiet week for quarterly earnings reports. Companies scheduled to release results include: Lululemon Athletica; Empire Co.; and Transcontinental Inc., the parent company of Investment Executive.