Author: Consultant

Monday February 17

Canadian and U.S. markets closed

Japan real GDP and industrial production

Euro zone trade surplus

(8:15 a.m. ET) Canadian housing starts for January.

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

Earnings include: BHP Group Ltd..

—

Tuesday February 18

(8:30 a.m. ET) Canada’s CPI for January. The Street is expecting a rise of 0.1 per cent from December and up 1.9 per cent year-over-year.

(9 a.m. ET) Canada’s existing home sales and average prices for January. Estimates are year-over-year increases of 6.5 per cent and 5.0 per cent, respectively.

(9 a.m. ET) Canada’s MLS Home Price Index for January. Estimate is a rise of 0.7 per cent from the same period a year ago.

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

Earnings include: Arista Networks; Cargojet Inc.; Dream Industrial REIT; Gibson Energy Inc.; Medtronic PLC; Occidental Petroleum Corp.; RioCan REIT; Sandstorm Gold Ltd.; SSR Mining Inc.

—

Wednesday February 19

Japan trade deficit and core machine orders

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

(8:30 a.m. ET) U.S. housing starts for January. Consensus is an annualized rate rise of 7.0 per cent.

(8:30 a.m. ET) U.S. building permits for January. Consensus is a decline of 2.3 per cent on an annualized rate basis.

(2 p.m. ET) Fed minutes from Jan. 28-29 meeting are released.

Earnings include: Alamos Gold Inc.; Analog Devices Inc.; Bausch + Lomb Corp.; B2Gold Corp.; Capstone Mining Corp.; CCL Industries Inc.; Crombie REIT; Gildan Activewear Inc.; Hudbay Minerals Inc.; Ivanhoe Mines Ltd.; Manulife Financial Corp.; New Gold Inc.; Nutrien Ltd.; Osisko Mining Inc.; TFI International Inc.; Torex Gold Resources Inc.; Whitecap Resources Inc.

—

Thursday February 20

Euro zone consumer confidence

(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes for January. Estimates are month-over-month increases of 1.0 per cent and 3.0 per cent, respectively.

(8:30 a.m. ET) Canada’s new housing price index for January. Estimate is a rise of 0.2 per cent from January and up 0.2 per cent year-over-year.

(8:30 a.m. ET) U.S. initial jobless claims for week of Feb. 15. Estimate is 216,000, up 3,000 from the previous week.

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

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

Earnings include: Altus Group Ltd.; Boardwalk REIT; Cameco Corp.; Eldorado Gold Corp.; Hydro One Ltd.; Iamgold Corp.; Loblaw Companies Ltd.; Lundin Gold Inc.; Newmont Goldcorp Corp.; Quebecor Inc.; Teck Resources Ltd.; TransAlta Corp.; Walmart Inc.

—

Friday February 21

Japan CPI and manufacturing and services PMI

Euro zone PMI

(8:30 a.m. ET) Canadian retail sales for December. The Street is projecting a rise of 1.6 per cent from November.

(9:45 a.m. ET) U.S. S&P Global PMI for February.

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

(10 a.m. ET) U.S. University of Michigan Consumer Sentiment in February.

(12:30 p.m. ET) Bank of Canada governor Tiff Macklem speaks in Mississauga.

Earnings include: CI Financial Corp.; Emera Inc.; NexGen Energy Ltd.; Onex Corp.

Released its 2024 annual financial results. Highlights: Annual net earnings of $1.6 billion, or $3.24 per common share for 2024. Annual adjusted net earnings per common share of $3.28, up from $3.09 for 2023, representing 6% growth. Fortis Inc. shares T.FTS are trading unchanged at $62.89.

Magna International Inc. (MGA) on Friday reported fourth-quarter profit of $203 million.

The Aurora, Ontario-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.69 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The automotive supply company posted revenue of $10.63 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $10.3 billion.

For the year, the company reported profit of $1.01 billion, or $3.52 per share. Revenue was reported as $42.84 billion.

Magna expects full-year revenue in the range of $38.6 billion to $40.2 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGA at https://www.zacks.com/ap/MGA

TC Energy Corporation (TRP) on Friday reported fourth-quarter net income of $714 million.

On a per-share basis, the Calgary, Alberta-based company said it had net income of 67 cents. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 75 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The energy infrastructure company posted revenue of $2.56 billion in the period.

For the year, the company reported profit of $3.43 billion, or $3.23 per share. Revenue was reported as $10.05 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRP at https://www.zacks.com/ap/TRP

Enbridge Inc. (ENB) on Friday reported fourth-quarter profit of $352.4 million.

The Calgary, Alberta-based company said it had profit of 16 cents per share. Earnings, adjusted for non-recurring costs, came to 53 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The oil and natural gas transportation and power transmission company posted revenue of $11.59 billion in the period.

For the year, the company reported profit of $3.61 billion, or $1.67 per share. Revenue was reported as $38.22 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENB at https://www.zacks.com/ap/ENB

Sun Life Financial Inc. (SLF) on Wednesday reported fourth-quarter profit of $169.4 million.

On a per-share basis, the Toronto-based company said it had net income of 29 cents. Earnings, adjusted for non-recurring costs, came to $1.20 per share.

Don’t Miss: This could be bigger than the iPhone! Invest in next-gen AI & VR entertainment before it’s too late.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The financial services company posted revenue of $5.37 billion in the period.

For the year, the company reported profit of $2.28 billion, or $3.84 per share. Revenue was reported as $24.2 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLF at https://www.zacks.com/ap/SLF

Waste Connections Inc. (WCN) on Wednesday reported a loss of $196 million in its fourth quarter.

The Ontario, Ontario-based company said it had a loss of 76 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The solid waste services provider posted revenue of $2.26 billion in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.24 billion.

For the year, the company reported profit of $617.6 million, or $2.39 per share. Revenue was reported as $8.92 billion.

Waste Connections expects full-year revenue in the range of $9.45 billion to $9.6 billion.

Intact Financial Corporation reports Q4-2024 results

Click above Link For Details

• The CPI accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, both higher than expected. The core CPI ran at 0.4% and 3.3% respectively, also above forecast.
• Shelter costs continued to be a problem for inflation, rising 0.4% on the month. Food prices jumped 0.4% and energy prices climbed 1.1% as gasoline prices increased 1.8%.
• Markets largely expect the Fed to stay on hold for an extended time and pushed the next rate cut probability out to September following the CPI report.

https://www.cnbc.com/2025/02/12/cpi-january-2025.html