TORONTO – Five things to watch for in the Canadian business world in the coming week:
Roots Revenue
Clothing retailer Roots Corp. will release its first-quarter financial results and hold a conference call with investors and financial analysts on Monday. The report comes after the company posted a profit of $14.6 million in the fourth quarter, compared to $13 million a year earlier, while its total revenue fell nearly three percent.
Dollarama Results
Dollarama Inc. will report its first-quarter results and hold its annual shareholder meeting on Wednesday. The company benefited as shoppers looking to stretch their budgets turned to the retailer in search of bargains.
Bank of Canada
Bank of Canada Governor Tiff Macklem will take part in a panel discussion at the Montreal conference on Wednesday and Deputy Governor Sharon Kozicki will address the Canadian Association for Business Economics in Ottawa on Thursday. The events come a week after the central bank cut its benchmark interest rate by a quarter of a percentage point to 4.75 percent.
Figures on private household debt
On Thursday, Statistics Canada will release its national balance sheet and cash flow statements for the first quarter. The report will also include the much-watched “household debt to income” metric, which measures how much Canadians owe relative to their income.
Economic data
The picture of how the Canadian economy started the second quarter is becoming a little clearer this week with some key economic data. Statistics Canada will release its monthly survey of manufacturing and wholesale trade figures for April on Friday.
This report by The Canadian Press was first published June 9, 2024.
Companies in this story: (TSX:DOL, TSX:ROOT)
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