Calendar: Feb 23 – Feb 27

Monday February 23

Japanese markets closed

(10 a.m. ET) U.S. factory orders for December. The Street is projecting a month-over-month increase of 1.0 per cent.

Earnings include: Dominion Energy Inc., Emera Inc., Oneok Inc., Ovintiv Inc., Whitecap Resources Inc., Winpak Ltd.

---

Tuesday February 24

(8:15 a.m. ET) U.S. ADP National Employment Report Estimate for Feb. 7.

(9 a.m. ET) U.S. S&P Cotality Case-Shiller Home Price Index for December. Analyst estimate is a rise of 0.3 per cent from November and up 1.2 per cent year-over-year.

(9 a.m. ET) U.S. FHFA House Price Index for December. Analyst estimate is a rise of 0.3 per cent from November and up 1.8 per cent year-over-year.

(10 a.m. ET) U.S. wholesale trade for December.

(10 a.m. ET) U.S. Conference Board Consumer Confidence Index for February.

Also: U.S. President Donald Trump’s State of the Union address

Earnings include: Bank of Nova Scotia, Exchange Income Corp., GFL Environmental Holdings Inc., Home Depot Inc., HP Inc.

---

Wednesday February 25

Euro zone and Germany’s CPI

(8:30 a.m. ET) Canadian wholesale trade for January.

Also: Canada’s Capital Expenditure Survey for 2026

Earnings include: Bank of Montreal, CCL Industries Inc., Ebay Inc., EQB Inc., Hut 8 Corp., Loblaw Companies Ltd., Lowe’s Companies Inc., National Bank of Canada, Northland Power Inc., Nvidia Corp., Snowline Gold Corp., Stantec Inc., TJX Companies Inc., WSP Global Inc.

---

Thursday February 26

Japan’s machine tool orders

Euro zone economic and consumer confidence

(6 a.m. ET) U.S. Conference Board CEO Confidence Index for Q4.

(8:30 a.m. ET) Canada’s current account balance for Q4.

(8:30 a.m. ET) Canada’s Survey of Employment, Payrolls and Hours for December.

(8:30 a.m. ET) U.S. initial jobless claims for week of Feb. 21.

Also: Alberta’s provincial budget is released.

Earnings include: Atco Ltd., Canadian Imperial Bank of Commerce, Canadian Natural Resources Ltd., Canadian Utilities Ltd., Chartwell Retirement Residences, Dell Technologies Inc., Denison Mines Corp., Gildan Activewear Inc., Pembina Pipeline Corp., Quebecor Inc., Royal Bank of Canada, Salesforce Inc., Stella-Jones Inc., Toronto-Dominion Bank

---

Friday February 27

Japan’s retail sales, industrial production and Tokyo’s CPI

ECB’s three-year CPI expectations

Germany’s unemployment, CPI and retail sales

(8:30 a.m. ET) Canada’s Real GDP for Q4. The Street is projecting a decline of 0.4 per cent on an annualized basis.

(8:30 a.m. ET) Canada’s monthly Real GDP for December. The consensus is a month-over-month gain of 0.1 per cent.

(8:30 a.m. ET) U.S. PPI for January. The Street is expecting a rise of 0.3 per cent from December and up 2.9 per cent year-over-year.

(10 a.m. ET) U.S. construction spending for December.

Also: Ottawa’s Fiscal Monitor for December is expected.

Earnings include: Boralex Inc., Endeavour Silver Corp., Energy Fuels Inc., Laurentian Bank of Canada, TransAlta Corp.