TORONTO – Five things to watch for in the Canadian business world in the coming week:
CN Rail Results
Canadian National Railway Co. will release its second-quarter results on Tuesday. Railroad workers at CN and rival Canadian Pacific Kansas City Ltd. voted last month to resume strikes at both companies if new collective agreements cannot be negotiated.
Bank of Canada interest rate decision
The Bank of Canada will release its next interest rate decision and monetary policy report on Wednesday. The central bank cut its benchmark interest rate to 4.75 percent in June, and many economists expect another quarter-percentage-point cut at its next meeting after Canada’s annual inflation rate fell to 2.7 percent last month.
Rogers Results
Rogers Communications Inc. will report its second-quarter results on Wednesday. Last month, the telecommunications and media company announced that it had signed multi-year deals with Warner Bros. Discovery and NBCUniversal for their popular lifestyle and entertainment brands in Canada.
Loblaw results
Loblaw Cos. Ltd. will report its second-quarter results on Thursday. In May, the grocer said it would test smaller discount stores nationwide this year as customers increasingly look for ways to save on their grocery bills.
Bombardier results
Bombardier Inc. will also report its second-quarter results on Thursday. Earlier this month, workers represented by Unifor at Bombardier’s aircraft assembly center in the Greater Toronto Area ratified a new three-year contract, ending an 18-day strike.
This report by The Canadian Press was first published July 21, 2024.
Companies in this story: (TSX:CNR, TSX:RCI.B, TSX:L, TSX:BBD.B)
“Evil alcohol lover. Twitter junkie. Future teen idol. Reader. Food aficionado. Introvert. Coffee evangelist. Typical bacon enthusiast.”