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Canadian Inflation Figures Front and Centre Next Week
Monday
U.S.
Markets are closed for Martin Luther King Day
Canada
Economic Lookahead
International Transactions in Securities (Nov.) Foreign investors acquired $23.9 billion of Canadian securities in October, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $5.4 billion, led by record purchases of non-U.S. foreign bonds.
Monthly Survey of Manufacturing (Nov.) Manufacturing sales rose 4.3% in October, on higher sales of motor vehicles and motor vehicle parts. Excluding these two industries, manufacturing sales increased 1.7%.
Featured Earnings
Tanzanian Gold Corporation (T.TNX) (Q1) EPS projects for loss of one cent, identical to the prior-year quarter.
Tuesday
U.S.
Economic Lookahead
NAHB home builders index (Jan.)
Featured Earnings
Charles Schwab Corporation (NYSE:SCHW) (Q3) EPS projects for 85 cents, compared to 74 cents in the prior-year quarter. Goldman Sachs Group Inc. (NYSE:GS) (Q4) EPS projects for $12.13, compared to $12.08 in the prior-year quarter. PNC Financial Services Group Inc. (NYSE:PNC) (Q4) EPS projects for $3.61, compared to $3.26 in the prior-year quarter.
Canada
Economic Lookahead
Housing Starts (Dec.) The seasonally-adjusted annualized rate of housing starts rose to 301,279 units in November, beating analyst expectations of 234,300 starts and up from a revised 238,366 units in October.
Featured Earnings
Goodfood Market Corp. (T.FOOD) (Q1) EPS projects for loss of 21 cents compared to loss of 30 cents in the prior-year quarter.
Wednesday
U.S.
Economic Lookahead
Building Permits (Dec.)
Housing Starts (Dec.)
Featured Earnings
UnitedHealth Group Incorporated (NYSE:UNH) (Q4) EPS projects for $4.30, compared to $2.52 in the prior-year quarter. Bank of America (NYSE:BAC) (Q4) EPS projects for 77 cents compared to 59 cents in the prior-year quarter. Procter & Gamble Company (NYSE:PG) (Q4) EPS projects for $1.65 compared to $1.49 in the prior-year quarter.
Canada
Economic Lookahead
Wholesale Trade (Nov.) Wholesale sales grew 1.4% in October to the highest level on record, 11.4% higher than in February 2020.
Consumer Price Index (Dec.) Canada's annual inflation rate remained at 4.7% in November, an 18-year high, amid the continued impact of supply chain disruptions.
Thursday
U.S.
Economic Lookahead
Initial Jobless Claims (to Jan. 15)
Existing Home Sales (Dec.)
Featured Earnings
Netflix Inc. (NASDAQ:NFLX) (Q4) EPS projects for 82 cents compared to $1.19 in the prior-year quarter. Union Pacific Corporation (NYSE: UNP) (Q4) EPS projects for $2.65, compared to $2.36 in the prior-year quarter. Intuitive Surgical Inc. (NASDAQ:ISRG) (Q4) EPS projects for $1.01, identical to the prior-year quarter.
Canada
Featured Earnings
Blackline Safety Corp. (T.BLN) (Q4) EPS projects for loss of 14 cents, compared to loss of 19 cents in the prior-year quarter. GURU Organic Energy Corp. (T.GURU) (Q4) EPS projects for loss of nine cents, compared to loss of seven cents in the prior-year quarter. Richelieu Hardware Ltd. (T.RCH) (Q4) EPS projects for 61 cents compared to 69 cents in the prior-year quarter.
Friday
U.S.
Economic Lookahead
Leading economic indicators (Dec.)
Featured Earnings
HDFC Bank Limited (NASDAQ:HDB) (Q3) EPS projects for 73 cents compared to 64 cents in the prior-year quarter. Schlumberger N.V. (NYSE:SLB) (Q4) EPS projects for 39 cents compared to 22 cents in the prior-year quarter. Huntington Bancshares Incorporated (NASDAQ:HBAN) (Q4) EPS projects for 36 cents compared to 27 cents in the prior-year quarter.
Canada
Economic Lookahead
Retail Trade (Nov.) Retail sales were up 1.6% to $57.6 billion in October.
New Housing Price Index (Dec.) Canadian home prices continue to rise in November 2021 with the average home price now at $720,850. That's a 19.6% year-over-year increase from November 2020.
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