5 things to watch for in Canadian business in the coming week
The Treasury is expected to release its latest figures on federal government spending and revenue
Five things to watch out for in the Canadian business world over the coming week:
Cabinet withdrawal
Prime Minister Justin Trudeau will hold a cabinet meeting in Charlottetown starting Monday. The withdrawal comes after a major table change last month and is expected to focus on the economy and affordability issues. After the summer break, MPs are due to return to the House of Commons on September 18th.
environmental conference
Canada is hosting the Global Environment Facility meeting starting Tuesday in Vancouver. The conference will bring together ministers, government officials, business leaders, environmentalists and others.
Retail sales
The picture of how the economy fared in the second quarter will become a little clearer when Statistics Canada releases its June retail sales figures on Wednesday. The agency’s initial estimate for this month suggested retail sales were flat, but it warned the figure would be revised.
bank income
Canada’s major banks will begin releasing their latest quarterly results this week. Royal Bank of Canada and Toronto-Dominion Bank are expected to report third-quarter results on Thursday. The reports come at a time when household budgets are being weighed down by inflation and higher interest rates.
Financial monitor
The Treasury Department is expected to release its latest figures on federal government spending and revenue. The fiscal monitor report for June is expected on Friday. The report for April and May, the first two months of the 2023-24 fiscal year, showed a budget surplus of $1.5 billion, compared with a surplus of $5.3 billion in the same period last year.
The Canadian Press
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