TORONTO – Five things to watch in the Canadian business world in the coming week:
Bank of Canada
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers will appear before the House of Commons Standing Committee on Finance on Monday. The central bank raised its key interest rate target by half a percentage point earlier this month and warned that more rate hikes were on the way as it struggled to rein in the ‘inflation.
Canada’s two largest railways will release their quarterly results this week. Canadian National Railway Company will release its results on Tuesday, while Canadian Pacific Railway Limited will release its results on Wednesday.
Resource sector results
Cenovus Energy Inc. and Teck Resources Ltd. will publish their latest quarterly results on Wednesday. Precision Drilling Corp. will report on Thursday. On Friday, Imperial Oil Ltd. and TC Energy Corp. must report.
Economic Policy Conference
Canada’s Growth Summit is scheduled for Thursday in Toronto. The conference, themed “Transitions to Opportunity” this year, will bring together business, political and academic leaders to discuss Canada’s long-term prosperity.
Statistics Canada will release its February gross domestic product reading on Friday. The agency’s initial estimate suggested the economy grew 0.8% in February, after posting a 0.2% gain in January.
This report from The Canadian Press was first published on April 24, 2022.
Companies in this story: (TSX:CP, TSX:CNR, TSX:CVE, TSX:TECK.B, TSX:PD, TSX:IMO, TSX:TRP)