U.S. consumer confidence and Canadian GDP results will be released on Tuesday.
U.S. consumer confidence is expected to climb to 28.0 in March from its record low level of 25.0 in February.
"Any lift from the March stock market rally will be offset by the downdraft from a rapidly deteriorating job market," Economists at IHS Global Insight said.
Ahead of the nonfarm payrolls report on Friday, economists will be watching the labour component of the report, which is expected to show that many consumers still feel jobs are hard to get.
In Canada, gross domestic product is forecast to fall 0.7% in January against a 1.0% decline the month prior.
"The consensus is likely close to the mark in anticipating another huge drop in GDP in the month of January," CIBC World Markets economist Avery Shenfeld said.
Also on Tuesday, the Chicago Purchasing Managers index will be released, and is expected to climb slightly to 34.4 from 34.2.
Finally, two Federal Reserve officials will speak tomorrow. Federal Reserve Bank of Minneapolis President Gary Stern will speak in Washington prior to the open. Later in the afternoon, Federal Reserve Bank of Philadelphia President Charles Plosser will speak.
All times in EDT.
08:30 CA Gross Domestic Product (M/M) January Exp: -0.7% Prior: -1.0%
08:30 CA Raw Materials Price Index (M/M) February Exp: +0.7% Prior: +1.4%
08:30 CA Industrial Product Price (M/M) February Exp: +0.4% Prior: -0.1%
09:00 US S&P/Case-Shiller Home Price Index January Prior: +150.66
09:00 US S&P/Case-Shiller Composite-20 (Y/Y) January Exp: -18.6% Prior: -18.55%
09:00 US Fed's Stern Speaks in Washington on `Too Big to Fail'
09:45 US Chicago Purchasing Manager March Exp: +34.4 Prior: +34.2
10:00 US Consumer Confidence March Exp: +28.0 Prior: +25.0
10:00 US NAPM-Milwaukee March Prior: +29
13:00 US Fed's Plosser Speaks in Chicago on Financial Regulatory Reform
13:00 US Treasury to Sell 4-Week Bills
17:00 US ABC Consumer Confidence W/E March 29 EXP: -49 Prior: -49
By Megan Ainscow and edited by Sarah Sussman
©CEP News Ltd. 2009