Canadian manufacturing sales in July are expected to rebound 1.1 percent on the month. This would compare with a 2.1 percent decline in June and 0.4 percent rise in May.

The Empire State index, at a minus 3.9 consensus, is expected to extend its long contraction in September following August's minus 4.7 which compared with expectations for minus 6.0. New orders in August fell more than 7 points to minus 7.9 while unfilled orders were at minus 7.4.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.