For the coming week, don’t expect much from Canada in the way of economic news.
National Bank’s report on the week ahead said manufacturing sales for January will be released, as will existing home sales and the Teranet-National Bank Home Price Index.
Global news will also be light, with January’s industrial production report for the Eurozone and China’s February retail sales as the main items, says National Bank.
The U.S. will likely attract more attention. Expect continued talk of President Trump’s proposed steel and aluminum tariffs, which have been making headlines since mid-February and gave the Bank of Canada pause in its latest rate announcement.
Plus, National Bank says to keep an eye out for the U.S. consumer price index for February. “The headline measure could have increased 0.1% m/m on higher gasoline prices, a development that would push the 12-month figure up one tick to 2.2%. Core inflation, for its part, may have gained 0.2% on a monthly basis,” the report says. The bank predicts a moderate rise in retail sales.
Other releases south of the border will include the Empire State Manufacturing Survey and the February edition of the NFIB Small Business Optimism Index.