TORONTO – Five things to watch out for in Canadian business over the coming week:
OSFI Domestic Stability Buffer
The Office of the Superintendent of Financial Institutions is due to make its semi-annual announcement on Tuesday on the domestic stability buffer, which governs the amount of capital big banks must hold. The stability buffer, which is currently set at three percent, applies to domestic systemically important banks and is set twice a year, but can also be changed at other times if necessary.
Great West Lifeco Investor Day
Great-West Lifeco Inc. will hold an Investor Day presentation on Tuesday. The company last month announced a deal to sell US-based money manager Putnam Investments to Franklin Templeton and agreed to a strategic partnership with the company.
Bank of Canada deliberations
The Bank of Canada will release a summary of deliberations on its latest interest rate decision on Wednesday. The central bank raised interest rates by a quarter of a percentage point to 4.75 percent earlier in the month after committing to a conditional interest rate pause earlier in the year.
retail sales
Statistics Canada is due to release retail sales for April on Wednesday. Retail sales fell 1.4 percent to $65.3 billion in March. In a flash estimate for April released last month, the agency said the data pointed to a 0.2 percent increase for the month but warned that the number would be revised.
Empire results
empire company ltd will release its fourth-quarter results on Thursday. The food giant saw its third-quarter results fall year over year as it confronted persistent inflation, shifting customer habits due to higher costs and a cyberattack.
This report from The Canadian Press was first published on June 18, 2023.
Companies in this story: (TSX:EMP.A, TSX:GWO)
The Canadian Press
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