TORONTO – Five things to watch out for in Canadian business over the coming week:
bank annual meetings
Several of Canada’s major banks will hold their annual meetings this week. Bank of Montreal shareholders will meet on Tuesday while TD Bank shareholders will meet on Thursday. The shareholders of the National Bank will hold their meeting on Friday.
inflation
Statistics Canada will release its latest inflation reading on Tuesday when it releases its March CPI. The annual inflation rate cooled to 5.2 percent in February, the lowest since January 2022, when it was 5.1 percent.
Metro results
Grocer Metro Inc. will report its second-quarter results and host a conference call with investors and financial analysts on Wednesday. The grocery sector has come under intense scrutiny in recent months as it posted strong gains as many Canadians grappled with higher food costs.
Other economic data
Statistics Canada will release its February wholesale sales figures on Monday and retail sales and retail sales for the month on Friday. Meanwhile, Canada Mortgage and Housing Corp. are expected to publish their figures for the start of construction in March on Wednesday.
Imperial Oil
Imperial Oil Ltd. will hold its 2023 Investor Day on Wednesday, where there will be an update on its operations and business strategy. The company announced earlier this year that it will proceed with plans to build Canada’s largest renewable diesel production facility at its Strathcona refinery on the outskirts of Edmonton.
This report from The Canadian Press was first published on April 16, 2023.
Companies in this story: (TSX:BMO, TSX:TD, TSX:NA, TSX:MRU, TSX:IMO)
The Canadian Press
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