Business & Finance

Housing, Car Sales Due Next Week in Canada

Jul 14, 2025 - 05:00

Monday

U.S.

Featured Earnings

Fastenal Co (NASDAQ: FAST) (Q2) EPS of 28 cents, compared to 25 cents in the prior-year quarter.

FB Financial Corporation (NYSE:FBK) (Q2) EPS of 89 cents, compared to 84 in the prior-year quarter.

Equity BancShares Inc. (NYSE: EQBK) (Q2) EPS of 90 cents, compared to 99 cents in the prior-year quarter.

CANADA

Economic Lookahead

Wholesale Trade (May) Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 2.3% to $84.0 billion in April.

Featured Earnings

PrairieSky Royalty Ltd. (T.PSK)(Q2) EPS of 57 cents, compared to 25 cents in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

Consumer price index (June)

Empire State manufacturing survey (July)

Industrial production (June)

Capacity utilization (June)

Featured Earnings

JP Morgan Chase & Co. (NYSE:JPM) (Q2) EPS of $4.49, compared to $4.40 in the prior-year quarter.

Wells Fargo (NYSE:WFC) (Q2) EPS of $1.41 compared to $1.33 in the prior-year quarter.

BlackRock (NYSE:BLK) (Q2) EPS of $10.58, compared to $10.36 in the prior-year quarter.

CANADA

Economic Lookahead

New Motor Vehicle Sales (May) Statistics Canada reported 195,659 new motor vehicles were sold in Canada in April, increasing 11.3% from one year earlier. Gains were widespread, with all provinces observing a higher number of units sold. April 2025 represented the month with the highest sales on record in dollar terms, at nearly $10.8 billion.

Monthly Survey of Manufacturing (May)

Manufacturing sales decreased 2.8% in April, the third consecutive monthly decline, driven largely on lower sales of petroleum and coal products, motor vehicles, and primary metals. Excluding the petroleum and coal product subsector, total manufacturing sales were down 1.8%.

Housing Starts (June) The six-month trend in housing starts was flat (0.8%) in May (243,407 units), according to Canada Mortgage and Housing Corporation.

Consumer Price Index (June) CPI rose 1.7% on a year-over-year basis in May, matching the 1.7% increase in April. On a monthly basis, the CPI rose 0.6% in May. On a seasonally adjusted monthly basis, the CPI was up 0.2%.

Featured Earnings

Cogeco Communications Inc. (T.CCA) (Q3) EPS of $1.92, compared to $1.90 in the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

Producer price index (June)

Fed Beige Book

Featured Earnings

Johnson & Johnson (NYSE: JNJ) (Q2) EPS of $2.64, compared to $2.82 in the prior-year quarter.

Bank of America Corp (NYSE: BAC) (Q2) EPS of 87 cents, compared to 83 cents in the prior-year quarter.

ASML Holding (NASDAQ:ASML) (Q2) EPS of $5.94, compared to $4.32 in the prior-year quarter.

CANADA

Economic Lookahead

CREAstats (June) The number of home sales recorded over Canadian MLS® Systems climbed 3.6% between April and May 2025, marking the first gain in activity since last November.

Featured Earnings

Li-FT Power Ltd. (T.LIFT) (Q2) EPS for loss of four cents, compared to loss of one cent in the prior-year quarter.

Thursday

U.S.

Economic Lookahead

Initial jobless claims (July 12)

U.S. retail sales (June)

Import price index (June)

Business inventories (May)

Home builder confidence index (July)

Featured Earnings

Taiwan Semiconductr Mfg Co Ltd (NYSE: TSM)

(Q2) EPS of $2.32, compared to $1.48 in the prior-year quarter.

Netflix (NASDAQ:NFLX) (Q2) EPS of $7.05, compared to $4.88 in the prior-year quarter.

GE Aerospace (NYSE:GE) (Q2) EPS of $1.42 compared to $1.20 in the prior-year quarter.

CANADA

Economic Lookahead

International Transactions in Securities (May) Canadian investors acquired $4.1 billion of foreign securities in April, led by the highest investment in US government bonds since November 2023. Meanwhile, foreign investors reduced their exposure to Canadian securities by $9.4 billion in April 2025, led by the highest monthly divestment in Canadian bonds since December 2018.

Friday