TORONTO – Five things to watch in the Canadian business world in the coming week:
October Home Sales:
The Canadian Real Estate Association is expected to release October home sales figures on Monday. The association previously reported that September home sales edged up month-over-month for the first time since March, but fell 17.5% from September 2020, when a record hit. been reached for the month.
Wholesale Trade Numbers:
StatCan is expected to release wholesale trade figures for September on Monday. The agency previously reported that wholesale sales fell 2.1% to $ 70.1 billion in July, as sales of building materials and supplies plunged amid lower timber prices. resinous work. This is the second consecutive overall decline and the largest drop since April 2020.
Nygard back in court:
Canadian fashion mogul Peter Nygard will face extradition proceedings for sex trafficking and racketeering in the United States on Tuesday. Toronto Police announced on October 1 that they were charging Nygard with six counts of sexual assault and three counts of forcible confinement dating back to the late 1980s and mid-2000s. He agreed the same day to be extradited to the United States to face a charge of sex trafficking.
Loblaw and Metro are expected to release their third and fourth quarter results, respectively, on Wednesday. Canada’s major grocers have noted increased traffic to their stores in recent quarters, but smaller baskets and more subdued sales, an indication that people are shopping more and potentially spending more in restaurants as the measures move. pandemics are lifted.
October inflation figures:
StatCan will release its October Consumer Price Index on Wednesday. Headline inflation hit 4.4% in September, the fastest annual pace since February 2003. The central bank recently said it plans to monitor more closely the impact of increasingly frequent weather events and violent on the prices consumers pay for goods as part of its mandate to control inflation.
This report by The Canadian Press was first published on November 14, 2021.