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:
The case against three former CannTrust Holdings Inc. executives charged with securities offenses is expected to escalate this week. Lawyers argued over a procedural issue related to the scope of the fraud charge, but the case is expected to hear opening arguments and begin hearing testimony in court this week.
Home sales figures from real estate boards in some of Canada’s largest cities are due this week. Calgary will release its October sales on Tuesday, followed by Vancouver on Wednesday and Toronto on Thursday. National home sales numbers have cooled in recent months as higher mortgage rates have taken their bite.
Some of Canada’s largest companies will release their latest quarterly results this week. Martinrea International Inc. will report results on Tuesday, followed by Spin Master Corp., Canada Goose Holdings Inc., Cenovus Energy Inc., Sun Life Financial Inc. and Suncor Energy Inc. on Wednesday. RioCan Real Estate Investment Trust, Lightspeed Commerce Inc., BCE Inc., Restaurant Brands International Inc. and Bombardier Inc. report on Thursday, while Enbridge Inc. and SNC-Lavalin Group Inc. report on Friday.
Finance Minister Chrystia Freeland will deliver the government’s fall economic statement on Thursday after financial markets close. The update comes as worries about a possible recession escalate and the Bank of Canada continues to raise interest rates in a bid to rein in inflation, which has been high for decades.
Statistics Canada will release its Labor Force Survey figures for October on Friday. The Canadian economy added 21,000 jobs in September as the unemployment rate fell to 5.2% from 5.4% in August.
This report from The Canadian Press was first published on October 30, 2022.
Companies in this story: (TSX: MRE, TSX: TOY, TSX: GOOS, TSX: CVE, TSX: SLF, TSX: SU, TSX: REI.UN, TSX: LSPD, TSX: BCE, TSX: QSR, TSX: BBD.B, TSX:ENB, TSX:SNC)
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