Economists, strategists and traders do not expect next week’s releases
to shed any new light on the current economic environment. Markets will
receive more data on the U.S. housing market, July’s
durable goods orders, PCE report, and minutes from the FOMC Aug. 5
meeting. In Canada the only data of significance will be Q2 GDP.
In other U.S. releases, markets will receive regional manufacturing
data with the Richmond Fed manufacturing survey and the ISM Chicago PMI,
preliminary second quarter GDP and two-year and five-year note
auctions.