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Calendar

Monday January 18

U.S. markets closed (Martin Luther King Jr. Day)

Japan industrial production

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China real GDP, industrial production, retail sales, fixed asset investment and foreign direct investment

(8:15 a.m. ET) Canadian housing starts for December. Analyst estimate is an annualized rate decline of 6.5 per cent.

===

Tuesday January 19

Germany CPI

(8:30 a.m. ET) Canadian manufacturing sales for November. Estimate is unchanged from October with new orders rising 2.0 per cent.

(8:30 a.m. ET) Canadian wholesale trade for November. Estimate is a rise of 1.0 per cent from October.

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(4 p.m. ET) U.S. Net TIC flows.

Earnings include: Bank of America; Charles Schwab Corp.; Goldman Sachs Group Inc.; Halliburton Co.; Interactive Brokers Group Inc.; Netflix Inc.; State Street Corp.

===

Wednesday January 20

(8:30 a.m. ET) Canadian CPI for December. Estimate is flat from November and up 1.0 per cent year-over-year.

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

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Also: U.S. Inauguration Day

Earnings include: Bank of NY Mellon; Kinder Morgan Inc.; Morgan Stanley; Procter & Gamble Co.; United Airlines Holdings Inc.; UnitedHealth Group Inc.; U.S. Bancorp

===

Thursday January 21

Japan trade balance and machine tool orders

Euro zone consumer confidence

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(8:30 a.m. ET) Canada’s new housing price index for December. Estimate is a rise of 0.4 per cent from November and up 4.8 per cent year-over-year.

(8:30 a.m. ET) Canada’s ADP National Employment Report for December.

(8:30 a.m. ET) U.S. initial jobless claims for week of Jan. 16. Consensus is 830,000, down 135,000 from the previous week.

(8:30 a.m. ET) U.S. housing starts for November. Consensus is an annualized rate rise of 0.9 per cent.

(8:30 a.m. ET) U.S. building permits for November. Consensus is an annualized rate decline of 2.1 per cent.

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

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Earnings include: CSX Corp.; IBM; Intel Corp.; Intuitive Surgical Inc.; PPG Industries Inc.; Travelers Companies Inc.; Truist Financial Corp.; Union Pacific Corp.

==

Friday January 22

Japan CPI, PMI and department store sales

Euro zone PMI

(8:30 a.m. ET) Canadian retail sales for November. Estimate is a decline of 0.1 per cent from October.

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(9:45 a.m. ET) U.S. Markit PMIs for January.

(10 a.m. ET) U.S. existing home sales for December. Consensus on the Street is a 2.5-per-cent annualized rate decline.

Earnings include: AbbVie Inc.; Honeywell International Inc.; Kansas City Southern; NextEra Energy Inc.; Schlumberger NV

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