TORONTO — Five things to watch for in the Canadian business world in the coming week:
Cabinet meeting
The federal cabinet will hold a meeting in Halifax this week, starting Sunday. The meeting comes after the federal government voted last week to end a labour dispute at Canada’s two largest railways through binding arbitration.
Air Canada
Federal mediation between Air Canada and the union representing the pilots ends Monday, followed by a 21-day cooling-off period after which the 5,400 pilots can go on a legal strike starting Sept. 17. The pilots had given their union, the Air Line Pilots Association, a strike mandate last week if they cannot reach an agreement.
Bank income
Five of Canada’s largest banks will report their third-quarter results this week. BMO Financial Group and Scotiabank will report their results on Tuesday, followed by National Bank of Canada and Royal Bank of Canada on Wednesday. CIBC is expected to report its results on Thursday.
Lululemon
Apparel retailer Lululemon Athletica Inc. will report its second-quarter results on Thursday. Lululemon recently outfitted Canada’s Olympic team at the Summer Olympics in Paris.
GDP
Statistics Canada will release its gross domestic product figures for June and the entire second quarter of 2024 on Friday. The federal agency’s preliminary estimate assumed that real gross domestic product grew by 2.2 percent on an annualized basis in the second quarter.
This report by The Canadian Press was first published August 25, 2024.
Companies in this story: (TSX:AC, TSX:BMO, TSX:NA, TSX:BNS, TSX:RY, TSX:CM)
The Canadian Press
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