Five things to watch in the Canadian business world in the week ahead
TORONTO — Five things to watch in the Canadian business world in the coming week:
Metro Inc. is expected to release first quarter results on Tuesday. The grocer and its competitors have been battling supply chain issues and employee absenteeism due to COVID-19 protocols, with sporadic shortages of certain products being reported across the country.
CN Rail Revenue
Canadian National Railway Company is expected to release its fourth quarter results on Tuesday. The Montreal-based company announced in December that former executive Jim Vena had withdrawn from the race to become the company’s new CEO. CN plans to announce the replacement of outgoing CEO Jean-Jacques Ruest in January.
interest rate decision
The Bank of Canada is expected to release its interest rate decision and monetary policy report on Wednesday. Economists are increasingly expecting the Bank of Canada to raise interest rates after Statistics Canada announced on January 19 that the annual rate of inflation had climbed in December to 4.8%, a rate that had not been seen since September 1991.
Rogers Communications Inc. is expected to release fourth quarter results on Thursday. The Toronto-based telecommunications giant announced on Jan. 10 that it had named former chief financial officer Tony Staffieri permanent president and chief executive. Staffieri replaced Joe Natale, who left the company in November amid a family feud between chairman Edward Rogers and his mother and two sisters, who are also board members.
CP Rail Revenue
Canadian Pacific Ltd. is expected to release its fourth quarter results on Thursday. The Calgary-based railroad completed its acquisition of Kansas City Southern on December 14, 2021, paving the way for North America’s only railroad that spans all three countries. The US transportation regulator is reviewing the transaction and expects to make a final decision later this year.
This report from The Canadian Press was first published on January 23, 2022.
The Canadian Press