TORONTO – Five things to watch in the Canadian business world in the coming week:
Resource Sector Update
Miner Barrick Gold Corp. releases second-quarter results this week, followed by Lundin Mining Corp. tuesday. Barrick released an update last month saying it is on track to meet its production targets for the year, even as copper prices have retreated. Lundin is likely to face questions after a sinkhole was detected at a Chilean mine site last week.
State of commercial real estate
Several REITs are expected to release their second-quarter financial results, with the RioCan real estate investment trust scheduled for Tuesday. Public health restrictions on stores and restaurants have made the pandemic a difficult time for the industry, but RioCan CEO Jonathan Gitlin said in June he now sees much less ambiguity in the food industry. retail.
Food inflation and groceries
Expect to hear more about how food inflation is affecting Canadian grocery store bottom lines when Metro Inc. releases its third quarter results on Wednesday. Metro competitor Loblaw said last month that its customers were less willing to spend on its Joe Fresh clothing line and other non-food items.
Cineplex Inc. is due to report second-quarter results and talk to analysts on Thursday. The movie and entertainment company saw revenue rise significantly in the first three months of the year compared to 2021, when many movie theaters were closed or operating at reduced capacity.
Investors keep tabs on Brookfield
Investors will keep an eye out as Brookfield Asset Management Inc. releases its latest quarterly results before the bell on Thursday. In May, when releasing its first quarter results, the company announced that it would spin off its asset management business into a separate, publicly traded company.
This report from The Canadian Press was first published on August 7, 2022.
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