Five things to watch out for in Canadian business over the coming week:
home sales
Some of Canada’s largest cities are set to release their April home sales figures this week. The Calgary Real Estate Board is expected to release its numbers on Monday, followed by the Real Estate Board of Greater Vancouver on Tuesday. The Toronto Regional Real Estate Board will release its April home sales numbers on Wednesday.
Loblaw Results
Loblaw Companies Ltd. will report its first quarter results and host a conference call with financial analysts on Wednesday morning, followed by the company’s annual stockholders’ meeting on Thursday. The company announced in April that Galen Weston is stepping down from day-to-day operations to make a change at the top, with Per Bank, chief executive of Denmark’s leading food retailer Salling Group A/S, joining Loblaw as CEO in early 2024.
telecom revenue
The telecom sector will be in the spotlight on Thursday when Telus Corp. and BCE Inc. to report their first quarter results and hold their annual meetings. The results follow Rogers Communications Inc.’s closing of its transaction to purchase Shaw Communications Inc. and Quebecor Inc.’s acquisition of Shaw’s Freedom Mobile wireless business.
Macklem event
Bank of Canada Governor Tiff Macklem will attend an event hosted by the Toronto Region Board of Trade on Thursday for a discussion on Canada’s economy and central bank prospects. The Bank of Canada left its interest rate target at 4.5 percent when it made its rate decision in April, but considered raising the rate, according to its summary of deliberations.
job report
Statistics Canada will release its April labor force survey on Friday. Canada’s economy added 35,000 jobs in March amid strong population growth as the unemployment rate stood at 5 percent for the fourth straight month.
The Canadian Press
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