Canadian businesses: 5 things happening this week
TORONTO – Five things to watch in the Canadian business world in the coming week:
Closing of markets 2021:
Trading is expected to be volatile next week due to low volumes as the holiday season approaches. The S & P / TSX Composite Index rose nearly 25% this year, the best performance since 2009, until fears over the Omicron variant caused the Toronto market to plummet 5.4% in a matter of days. End of november.
October Retail Sales:
Statistics Canada is due to release October retail sales figures on Tuesday. The agency’s previous report found that retail sales in Canada fell 0.6 percent to $ 56.6 billion in September, as new car sales slowed due to a shortage of semi-chips. -conductive. Its preliminary estimate for October indicated a one percent increase in retail sales for the month.
BlackBerry is expected to hold a call to discuss its third quarter results on Tuesday. The Waterloo, Ont., Company saw net losses climb to US $ 144 million in the second quarter as revenues fell 32%. He also announced around this time that John Giamatteo, former chairman and chief revenue officer of McAfee, had been appointed chairman of its cybersecurity business effective October 4.
Statistics Canada is due to release October gross domestic product figures on Thursday. The agency previously reported that the economy rebounded strongly in the third quarter of the year, growing 5.4% annually after rising sharply in the previous three months.
The TSX and TSX Venture Exchange will close early at 1 p.m. ET on Friday for Christmas Eve. It will also be closed the following Monday and Tuesday instead of Christmas Day and Boxing Day falling on weekends.
This report by The Canadian Press was first published on December 19, 2021.