Wholesale, CPI Figures Out in Canada Next Week

Monday

U.S.

Economic Lookahead

Housing Market Index (Sept.)

Featured Earnings

Scorpio Tankers Inc. (NYSE: STNG) (Q2) EPS estimates for loss of five cents, compared to gain of four cents in the prior-year quarter.

Steelcase Inc. (NYSE: SCS) (Q2) EPS estimates of 23 cents, compared to 32 cents in the prior-year quarter.

Canada

Economic Lookahead

International Transactions in Securities (July) Foreign investors reduced their holdings of Canadian securities by $923 million in June, the first monthly divestment since July 2015. At the same time, Canadian investment in foreign securities amounted to $13.2 billion, led by acquisitions of equities.

Tuesday

U.S.

Economic Lookahead

FOMC Meeting Begins

Housing Starts (Aug.)

Import and Export Prices (Aug.)

Redbook (Weekly)

Featured Earnings

Adobe Systems Incorporated (NASDAQ: ADBE) (Q2) EPS estimates for 82 cents, compared to 60 cents in the prior-year quarter.

Analogic Corporation (NASDAQ: ALOG) (Q4) EPS estimates for 59 cents, compared to 93 cents in the prior-year quarter.

FedEx Corporation (NYSE: FDX) (Q1) EPS estimates for $3.17, compared to $2.90 in the prior-year quarter.

AutoZone Inc. (NYSE: AZO) (Q4) EPS estimates for $15.14, compared to $14.30 in the prior-year quarter.

Canada

Economic Lookahead

Monthly Survey of Mfg. (July) Manufacturing sales fell 1.8% to $53.9 billion in June, following three consecutive monthly gains.

Featured Earnings

Gluskin Sheff + Associates Inc. (T.GS) (Q4) EPS estimates of 21 cents, compared to 11 cents in the prior-year quarter.

Wednesday

U.S.

Economic lookahead

Existing Home Sales (Aug.)

EIA Petroleum Status Report (Sept. 12-18)

FOMC Meeting Announcement

Featured Earnings

General Mills Inc. (NYSE: GIS) (Q1) EPS estimates of 77 cents, compared to 78 cents in the prior-year quarter.

Herman Miller Inc. (NASDAQ: MLHR) (Q1) EPS estimates of 57 cents, compared to 60 cents in the prior-year quarter.

Thursday

U.S.

Economic lookahead

Leading Indicators (Aug.)

Jobless Claims (Sept. 12-18)

Federal Balance Sheet

Money Supply

Featured Earnings

Manchester United Ltd. (NYSE: MANU) (Q4) EPS estimates of 11 cents, compared to seven cents in the prior-year quarter.

Canada

Economic Lookahead

Wholesale Trade (July) Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases. Declines were recorded in five of seven sub-sectors, led by the food, beverage and tobacco sub-sector and the motor vehicle and parts sub-sector.

Employment Insurance (July) The number of people receiving regular Employment Insurance benefits totaled 517,200 in June, down 7,000, or 1.3%, from May.

Friday

U.S.

Economic lookahead

Purchasing Managers Index – Composite Flash (Sept.)

Featured Earnings

CarMax Inc (NYSE: KMX) (Q2) EPS estimates of 94 cents, compared to 88 cents in the prior-year quarter.

Canada

Economic lookahead

Consumer Price Index (Aug.) CPI rose 1.2% on a year-over-year basis in July, following a 1.0% increase in June. On a seasonally adjusted monthly basis, the CPI was up 0.2% in July, after posting no change in June.

Retail Sales (July) Retail sales rose for the fourth consecutive month in June, edging up 0.1% to $49.0 billion. Sales were up in six of 11 subsectors, representing 38% of total retail trade.