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Canadian Inflation Figures Front and Centre Next Week

Baystreet.ca
·3 min read

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.

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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.