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Monday October 28
China industrial profits
Germany retail sales
(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity for October.
(1:30 p.m. ET) Bank of Canada governor Tiff Macklem participates in a fireside chat at The Logic Summit in Toronto.
Earnings include: Canfor Pulp Products Inc.; Ford Motor Co.; PrairieSky Royalty Ltd.; Waste Management Inc.
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Tuesday October 29
Japan jobless rate
Germany consumer confidence
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(8:30 a.m. ET) U.S. goods trade deficit for September.
(8:30 a.m. ET) U.S. wholesale and retail inventoris for September.
(9 a.m. ET) U.S. S&P CoreLogic Case-Shiller Home Price Index for August. Estimate is a 0.2-per-cent rise from July and up 5.0 per cent year-over-year.
(9 a.m. ET) U.S. FHFA House Price Index for August. Estimate is a month-over-month increase of 0.2 per cent and 3.9-per-cent gain year-over-year.
(10 a.m. ET) U.S. Conference Board Consumer Confidence Index for October.
(10 a.m. ET) U.S. Job Openings and Labor Turnover Survey for September.
(3:30 p.m. ET) Bank of Canada governor Tiff Macklem and senior deputy Carolyn Rogers appear before the House Standing Committee on Finance
Earnings include: Advanced Micro Devices Inc.; Alphabet Inc.; Chipotle Mexican Grill Inc.; Chubb Ltd.; Electronic Arts Inc.; First Capital Realty Inc.; First National Financial Corp.; First Solar Inc.; Gibson Energy Inc.; McDonald’s Corp.; New Gold Inc.; Paypal Holdings Inc.; Pfizer Inc.; Visa Inc.
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Wednesday October 30
Japan consumer confidence and Bank of Japan monetary policy meeting (though Thursday)
Germany unemployment, GDP and CPI
Euro zone economic and consumer confidence and GDP
(8:15 a.m. ET) U.S. ADP National Employment Report fir October.
(8:30 a.m. ET) U.S. real GDP for Q3. The Street is projecting an annualized rate rise of 3.0 per cent.
(10 a.m. ET) U.S. pending home sales for September. Estimate is a decline of 0.2 per cent from August.
(4:15 p.m. ET) Bank of Canada governor Tiff Macklem and senior deputy Carolyn Rogers appear before the Standing Senate Committee on Banking, Commerce and the Economy.
Also: Ontario’s fall economic statement
Earnings include: AbbVie Inc.; Agnico Eagle Mines Ltd.; Allied Properties REIT; Athabasca Oil Corp.; Bausch + Lomb Corp.; Capital Power Corp.; Caterpillar Inc.; Dayforce Inc.; Eli Lilly and Co.; Ivanhoe Mines Ltd.; Kinaxis Inc.; Meta Platforms Inc.; Microsoft Corp.; NexGen Energy Ltd.; Parkland Fuel Corp.; Secure Energy Services Inc.; Spin Master Corp.; Starbucks Corp.; Suncor Energy Inc.; TMX Group Ltd.; Toromont Industries Ltd.; Tourmaline Oil Corp.; UBS Group AG
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Thursday October 31
China PMI
Japan retail sales and industrial production
Euro zone CPI and jobless rate
(8:30 a.m. ET) Canada’s monthly real GDP for August. The Street expects a flat reading month-over-month.
(8:30 a.m. ET) Canada’s payroll survey: Job vacancy rate for August.
(8:30 a.m. ET) U.S. personal spending and income for September. Consensus is month-over-month increases of 0.4 per cent for both.
(8:30 a.m. ET) U.S. core PCE price index for September. Consensus is a rise of 0.3 per cent from August and up 2.6 per cent year-over-year.
(8:30 a.m. ET) U.S. initial jobless claims for week of Oct. 26. Estimate is 235,000, up 8,000 from the previous week.
(8:30 a.m. ET) U.S. employment cost index for Q3. The Street expects a gain of 0.9 per cent from Q2 and up 4.0 per cent year-over-year.
Earnings include: AltaGas Ltd.; Amazon; Apple Inc.; Baytex Energy Corp.; Canadian Natural Resources Ltd.; Capstone Mining Corp.; Cenovus Energy Inc.; Centerra Gold Inc.; Cogeco Communications Inc.; Eldorado Gold Corp.; Fairfax Financial Ltd.; Gildan Activewear Inc.; Intel Corp.; Mastercard Inc.; Merck & Co. Inc.; Open Text Corp.; Paramount Resources Ltd.; Primaris REIT; Shopify Inc.; Stellantis NV; Tamarack Valley Energy Ltd.; Trisura Gold Ltd.; Uber Technologies Inc.; Vermilion Energy Inc.
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Friday November 1
Japan manufacturing PMI
(8:30 a.m. ET) U.S. nonfarm payrolls for October. The Street is expecting a gain of 120,000 jobs (versus 254,000 in September) with the unemployment rate remaining 4.1 per cent.
(9:30 a.m. ET) Canada’s S&P manufacturing PMI for October.
(9:45 a.m. ET) U.S. S&P manufacturing PMI for October.
(10 a.m. ET) U.S. construction spending for September. The Street is forecasting a flat reading month-over-month.
Also: Canadian and U.S. auto sales for October.
Earnings include: Air Canada; ARC Resources Ltd.; Brookfield Renewable Corp.; Chevron Corp.; Enbridge Inc.; Exxon Mobil Corp.; Imperial Oil Ltd.; Magna International Inc.; Sleep Country Canada Holdings Inc.; Telus Corp.; Westshore Terminals Investment Corp.
Rogers Communications Inc. reported a third-quarter profit of $526 million compared with a loss a year ago.
The company says the profit amounted to 98 cents per diluted share for the quarter ended Sept. 30.
The result compared with a loss of $99 million or 20 cents per diluted share in the same quarter last year.
Revenue for the quarter totalled $5.13 billion, up from $5.09 billion a year earlier.
On an adjusted basis, Rogers says it earned $1.42 per diluted share in its latest quarter, up from an adjusted profit of $1.27 per diluted share a year ago.
Analysts on average had expected a profit of $1.36 per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Oct. 24, 2024.
Teck Resources Ltd. reported a $748-million loss from continuing operations attributable to shareholders in its latest quarter as it took a one-time asset impairment charge related to its Trail operations.
The Vancouver-based mining company says its loss amounted to $1.45 per diluted share for its third quarter compared with a loss of $48 million or nine cents per share a year earlier.
Revenue for the quarter totalled $2.86 billion, up from $1.99 billion in the same quarter last year.
In its outlook, Teck says it now expects its 2024 copper production to amount to 420,000 to 455,000 tonnes, down from earlier guidance for 435,000 to 500,000 tonnes. The company also lowered its 2024 guidance for molybdenum and refined zinc production and reduced its expectations for zinc net cash unit costs.
On an adjusted basis, Teck says it earned 60 cents per diluted share for its latest quarter, up from an adjusted profit of 16 cents per diluted share a year earlier.
The average analyst estimate had been for a profit of 37 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Oct. 24, 2024.
FirstService Corp. (FSV) on Thursday reported third-quarter earnings of $60.5 million.
The Toronto-based company said it had profit of $1.34 per share. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The property services provider posted revenue of $1.4 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSV at https://www.zacks.com/ap/FSV
Statistics Canada says retail sales rose 0.4 per cent to $66.6-billion in August, helped by higher new car sales.
The agency says sales were up in four of nine subsectors as sales at motor vehicle and parts dealers rose 3.5 per cent, boosted by a 4.3 per cent increase at new car dealers and a 2.1 per cent gain at used car dealers.
Core retail sales – which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers – fell 0.4 per cent in August.
Sales at food and beverage retailers dropped 1.5 per cent, while furniture, home furnishings, electronics and appliances retailers fell 1.4 per cent.
In volume terms, retail sales increased 0.7 per cent in August.
Looking ahead, Statistics Canada says its advance estimate of retail sales for September points to a gain of 0.4 per cent for the month, though it cautioned the figure would be revised.
elestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world’s most innovative companies, today announced financial results for the quarter ended September 30, 2024 (Q3 2024)†.
“We are pleased to have delivered very strong financial performance in Q3 2024, with revenue up 22% year-to-year and non-IFRS adjusted EPS* up 60% year-to-year. With our guidance for Q4 2024, we expect a strong close to another successful year in 2024,” said Rob Mionis, President and CEO, Celestica.
“Looking to next year, we continue to see solid demand signals from many of our large customers, which are providing us with visibility for continued growth. Our 2025 outlook calls for higher year-over-year revenues and non-IFRS operating margin*, which if achieved would represent 15% annual growth in our non-IFRS adjusted EPS*.”
Q3 2024 Highlights
Waste Connections Inc. (WCN) on Wednesday reported third-quarter profit of $308 million.
The Ontario, Ontario-based company said it had profit of $1.19 per share. Earnings, adjusted for one-time gains and costs, came to $1.35 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The solid waste services provider posted revenue of $2.34 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $2.29 billion.
Waste Connections expects full-year revenue of $8.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCN at https://www.zacks.com/ap/WCN
Canadian Pacific Kansas City Limited (CP) on Wednesday reported third-quarter net income of $613.6 million.
On a per-share basis, the Calgary Alberta, Alberta-based company said it had profit of 66 cents. Earnings, adjusted for non-recurring costs, were 73 cents per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The railroad posted revenue of $2.6 billion in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $2.67 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CP at https://www.zacks.com/ap/CP
