TORONTO – Five things to watch for in Canadian business in the coming week:
Household debt
On Wednesday, Statistics Canada will release its national balance sheet and financial flow accounts report, which includes household debt-to-income ratios. Highly indebted households have come under pressure in recent months as interest rates have risen to up to five percent.
Dollarama
Dollarama Inc. will report its second-quarter results on Wednesday. The retailer reported a rise in profit and sales in the first quarter, driven in part by shoppers looking for cheaper alternatives amid rising living costs.
Empire results
Grocer Empire Co. Ltd., which owns Sobeys and Safeway and other companies, will report its first-quarter results on Thursday before financial markets open. The Company will also hold its annual meeting in New Glasgow, NS on the same day
Economic data
Statistics Canada will share more this week about how the Canadian economy started the third quarter. The agency will release its wholesale trade report for July on Thursday, followed by its monthly manufacturing survey for the same month on Friday.
Home sales
The Canadian Real Estate Association is expected to release August home sales figures on Friday. July home sales were little changed from June but posted the largest year-over-year increase in more than two years.
This report by The Canadian Press was first published Sept. 10, 2023.
Companies in this story: (TSX:DOL, TSX:EMP.A)
The Canadian Press
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