Bank of Canada posts interest rate, Wednesday

Monday, Sept. 6

Canadian and U.S. markets are closed to observe Labour Day.

EU finance ministers meet to discuss changes to EU budget rules, Brussels.

The Bank of Japan commences two-day monetary policy meeting, Tokyo.

Tuesday, Sept. 7

Reserve Bank of Australia and Bank of Japan announce interest rate decisions.

Euro zone finance ministers due to approve the next, €9-billion ($12.1-billion) tranche of emergency financial aid to Greece, Brussels.

Wednesday, Sept. 8

The Bank of Canada releases its decision on interest rates. The benchmark rate is forecast to rise by 25 basis points to 1 per cent.

Statistics Canada reports on building permits for July. Economists expect a monthly decline of 4.7 per cent, compared with an increase of 6.5 per cent the previous month.

The Richard Ivey purchasing managers index for August is released. A reading of 55 is expected, up from 54 the previous month.

The U.S. Federal Reserve releases its Beige Book survey of economic conditions.

The U.S. Fed reports on consumer credit in July. A decrease of $4.8-billion (U.S.) is expected, compared with a decline of $1.3-billion a month earlier.

Ciena Corp. reports. Analysts expect a third-quarter loss of 33 cents (U.S.) a share, compared with a loss of 5 cents a year ago.

MKS Inc. reports. First-quarter share profit of 12 cents (U.S.) is expected, down from 14 cents a year ago.

Transcontinental Inc. reports. Third-quarter share profit of 39 cents is expected, unchanged from a year ago.

Viterra Inc. reports third-quarter results.

Thursday, Sept. 9

Canada Mortgage and Housing Corp. reports on housing starts in August. Economists expect 185,000 annualized starts, down from a revised figure of 189,100 a month earlier.

Statscan releases the new housing price index for July. A rise of 0.1 per cent from the previous month is expected.

Statscan reports on international merchandise trade for July. A deficit of $800-million is forecast, compared with a deficit of $1.1-billion a month earlier.

U.S. Department of Commerce reports on the trade balance for July. A deficit of $47.3-billion (U.S.) is forecast, down from a deficit of $49.9-billion a month earlier.

U.S. Department of Labour reports on initial jobless claims for the week ended Aug. 28. Economists forecast 470,000 claims, down from 472,000 a week earlier.

The Bank of England announces interest rate decision.

National Semiconductor Corp. reports. Analysts expect first-quarter share profit of 35 cents (U.S.), up from 13 cents a year ago.

Patheon Inc. reports. Third-quarter share profit of 3 cents (U.S.) is expected, compared with a loss of 10 cents a year ago.

Descartes Systems Group Inc. reports. Second-quarter share profit of 9 cents (U.S.) is expected, down from 10 cents a year ago.

Transat A.T. Inc. reports. Third-quarter share profit of 22 cents is expected, up from 21 cents a year ago.

Friday, Sept. 10

Statscan releases its labour force survey for August. Economists expect a net increase of 30,000 jobs, compared with a net loss of 9,300 jobs a month earlier. The unemployment rate is forecast at 8 per cent, unchanged from the previous month.

U.S. Commerce reports on wholesale inventories for July. An increase of 0.4 per cent is forecast, up from 0.1 per cent a month earlier.

Empire Co. Ltd. reports. Analysts expect first-quarter share profit of $1.21, up from $1.05 a year ago.

Lululemon Athletica Inc. reports second-quarter results.

All earnings forecasts are mean estimates of analysts polled by Thomson Reuters.