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May 14, 2022

Economic Calendar May 16 2022

Monday May 16

China retail sales, industrial production and fixed asset investment

Japan machine tool orders

Euro zone trade deficit

(8:30 a.m. ET) Canadian housing starts for April. The Street is forecasting an annualized rate rise of 0.5 per cent.

(8:30 a.m. ET) Canadian manufacturing sales and new orders for March. The Street expects increases of 2.0 per cent and 2.5 per cent, respectively, from the previous month

(8:30 a.m. ET) U.S. Empire State Manufacturing Survey for May.

(9 a.m. ET) Canada’s existing home sales for April. Estimate is a decline of 25.0 per cent year-over-year with average prices rising 9.0 per cent.

(9 a.m. ET) Canada’s MLS Home Price Index for April. Estimate is a rise of 25.0 per cent year-over-year.

(4 p.m. ET) U.S. net TIC flows for March.

Earnings include: Canadian Apartment Properties REIT; Columbia Care Inc.; Headwater Exploration Inc.; K92 Mining Inc.

Tuesday May 17

Japan tertiary industry index

Euro zone GDP

(8:30 a.m. ET) Canadian construction investment for March.

(8:30 a.m. ET) Canada’s international securities transactions for March.

(8:30 a.m. ET) U.S. retail sales for April. The Street is projecting an increase of 0.9 per cent from March.

(9:15 a.m. ET) U.S. industrial production for April. Consensus is an increase of 0.4 per cent from March with capacity utilization rising 0.2 per cent to 78.5 per cent.

(10 a.m. ET) U.S. NAHB Housing Market Index for May.

(10 a.m. ET) U.S. business inventories for March.

Earnings include: Dream Unlimited Corp.; Home Depot Inc.; Union Corporations Ltd.; Walmart Inc.

Wednesday May 18

Japan GDP and industrial production

Euro zone CPI

(8:30 a.m. ET) Canada’s CPI for April. The Street is projecting an increase of 0.6 per cent from March and up 6.8 per cent year-over-year.

(8:30 a.m. ET) U.S. housing starts (and revisions) for April. Consensus is an annualized rate decline of 1.8 per cent.

(8:30 a.m. ET) U.S. building permits for April. Consensus is an annualized rate dip of 2.7 per cent.

Also: G7 meetings of finance ministers and central bank governors (through Friday).

Earnings include: Analog Devices Inc.; Bellus Health Inc.; Cisco Systems Inc.; Lowe’s Companies Inc.; MAG Silver Corp.; Target Corp.

Thursday May 19

Japan trade balance and core machine orders

(8:30 a.m. ET) Canada’s industrial product and raw materials price index for April. Estimates are month-over-month declines of 0.5 per cent and 1.0 per cent, respectively.

(8:30 a.m. ET) Canada’s new housing price index for April. Estimate is an increase of 1.8 per cent from March and 11.0 per cent year-over-year.

(8:30 a.m. ET) U.S. initial jobless claims for week of May 14. Estimate is 200,000, down 3,000 from the previous week.

(8:30 a.m. ET) U.S. Philadelphia Fed Index for May.

(10 a.m. ET) U.S. existing home sales for April. Consensus is an annualized rate decline of 2.1 per cent.

Earnings include: Applied Materials Inc.; ATS Automation Tooling Systems Inc.; CAE Inc.; Lightspeed Commerce Inc.; Salesforce.com Inc.

Friday May 20

Japan CPI

Euro zone consumer confidence and PPI

(8:30 a.m. ET) Canada’s household and mortgage credit for March.

(10 a.m. ET) U.S. quarterly services survey for Q1.

Earnings include: Deere & Co.

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