Economic Calendar: Mar 17 – Mar 21

Monday March 17

China industrial production, retail sales and fixed asset investment

(8:15 a.m. ET) Canadian housing starts for February. Estimate is an annualized rate rise of 4.3 per cent.

(8:30 a.m. ET) Canada’s construction investment for January.

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

(8:30 a.m. ET) U.S. retail sales for February. The Street is forecasting a rise of 0.7 per cent from January and up 0.4 per cent year-over-year.

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

(9 a.m. ET) Canadian existing home sales and average prices for February. Estimates are year-over-year declines of 11.0 per cent and 1.0 per cent. respectively.

(9 a.m. ET) Canada’s MLS Home Price Index for February. Estimate is a flat reading year-over-year.

(10 a.m. ET) U.S. business inventories for January. Consensus is a month-over-month increase of 0.3 per cent.

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

Earnings include: Cardinal Energy Ltd.; K92 Mining Inc.

—

Tuesday March 18

Bank of Japan monetary policy meeting (through Wednesday)

Euro zone trade surplus

(8:30 a.m. ET) Canada’s CPI for February. The Street is projecting a rise of 0.6 per cent from January and up 2.2 per cent year-over-year.

(8:30 a.m. ET) U.S. housing starts for February. Consensus is an annualized rate increase of 0.7 per cent.

(8:30 a.m. ET) U.S. building permits for February. Consensus is an annualized rate decline of 1.6 per cent.

(8:30 a.m. ET) U.S. import prices for February. The Street is expecting a gain of 0.1 per cent from January and up 1.5 per cent year-over-year.

(9:15 a.m. ET) U.S. industrial production for February. Consensus is a rise of 0.2 per cent from January with capacity utilization remaining 77.8 per cent.

Also: U.S. Fed meeting begins

Earnings include: Alimentation Couche-Tard Inc.; Ivanhoe Electric Inc.; Orla Mining Ltd.

—

Wednesday March 19

Japan trade balance, core machine orders, industrial production and machine tool orders

Euro zone CPI and labour costs

(8:30 a.m. ET) Canada’s population estimates from Q4 of 2024.

(2 p.m. ET) U.S. Fed announcement with chair Jerome Powell’s press briefing to follow.

Earnings include: General Mills Inc.; Power Corp. of Canada; Wesdome Gold Mines Ltd.

—

Thursday March 20

China’s markets closed

ECB economic bulletin is released

Bank of England monetary policy meeting

(8:30 a.m. ET) Canada’s IPPI and RMPI for February.

(8:30 a.m. ET) Canadian household and mortgage credit for January.

(8:30 a.m. ET) U.S. initial jobless claims for week of March 15. Estimate is 225,000, up 5,000 from the previous week.

(8:30 a.m. ET) U.S. current account deficit for Q4.

(10 a.m. ET) U.S. existing home sales for February. Consensus is an annualized rate decline of 3.4 per cent.

(10 a.m. ET) U.S. leading indicator for February.

(1:05 p.m. ET) Bank of Canada governor Tiff Macklem speaks to Calgary Economic Development.

Earnings include: Accenture PLC; Cintas Corp.; FedEx Corp.; Lennar Corp.; Micron Technology Inc.; Nike Inc.; Skeena Resources Ltd.

—

Friday March 21

China CPI

Euro zone consumer confidence

(8:30 a.m. ET) Canadian retail sales for January. Estimate is a decline of 0.4 per cent from December (or flat excluding automobiles).

(8:30 a.m. ET) Canada’s new housing price index for February. Estimates are 0.1-per-cent declines from January and year-over-year.

Earnings include: Dentalcorp Holdings Ltd.