5 things to watch in the Canadian business world this week

TORONTO -- Five things to watch this week in Canadian business:

CRTC: Channel Zero, owner of Hamilton's CHCH-TV whose new operation was gutted late last year, will make a presentation Monday at the opening of hearings being held by the Canadian Radio-television and Telecommunications Commission on local and community television programming.

See Full Article

Nearly 130 full-time and almost 40 part-time on-air news personalities, producers and camera operators at CHCH lost their jobs in December.

Valeant in D.C.: Howard Schiller, the interim CEO of Valeant Pharmaceuticals, testifies before the U.S. Congress on Tuesday. Congress wants Valeant and some other drug companies to explain how they bought the rights to a number of long-standing prescription drugs and then hiked their prices.

Energy: Peter Watson, chairman and CEO of the National Energy Board, talks to the Toronto board of trade Wednesday, where he'll release a report on the country's energy future. On Thursday, the Canadian Nuclear Safety Commission holds a public meeting in Ottawa on a recent uranium spill in Saskatchewan.

GDP: Statistics Canada releases the gross domestic product by industry for November on Friday. The eagerly anticipated GDP figures are a key indicator of the country's economic well-being.

Rogers: The telecommunications giant releases its fourth-quarter results on Wednesday prior to the markets opening. Rogers, along with Bell and Telus, have raised or plan to raise the prices of their wireless packages and have warned of increases to home phone and Internet prices in February.



Advertisements

Latest Economic News

  • Ivanka Trump store opening up in Trump Tower lobby

    Economic CTV News
    NEW YORK -- An Ivanka Trump-branded store is opening in the lobby of Trump Tower in New York, selling handbags, jewelry and candles. A representative for the first daughter's brand says the store opened Thursday on Manhattan's Fifth Avenue will add shoes and clothes next year. Source
  • Ontario offers electric vehicle rebates of up to $75,000 for businesses

    Economic CTV News
    TORONTO - Ontario is offering businesses rebates of up to $75,000 for buying electric and other low-carbon vehicles. Businesses that have purchased or will purchase eligible vehicles -- including electric and natural trucks -- after Sept. Source
  • Bombardier on track to deliver on turnaround goals, CEO says

    Economic CBC News
    Bombardier Inc. says it's on track to deliver on its promised five-year turnaround in 2020 as its aerospace and railway divisions are projected to deliver better revenues and profits. Chief executive Alain Bellemare told a New York investor day Thursday that the transportation giant has a strong runway for growth now that it is winding down heavy spending to develop the C Series and Global 7000 business jet. Source
  • Transat plans hotel network in Mexico, Caribbean

    Economic CTV News
    MONTREAL -- Transat A.T. plans to spend $750 million over the coming years to develop a hotel chain in Mexico and the Caribbean that it hopes will help to put it in a better position to face heightened competition from Canadian rivals. Source
  • New infrastructure agency names interim executive to oversee investments

    Economic CTV News
    OTTAWA -- A board director for the new federal infrastructure financing agency is temporarily stepping down from his post to take on a top executive job in the organization. Bruno Guilmette was appointed last month to the board of directors of the Canada Infrastructure Bank. Source
  • Lyft ride-hailing app being watched closely by transit officials in Toronto

    Economic CTV News
    TORONTO -- The arrival of Lyft in Toronto has raised questions about the impact of such ride-hailing companies on the city's public transit system, which governments are spending billions to expand. The San Francisco-based company that operates in about 300 American cities launched in Toronto this week -- its first market outside the United States. Source
  • Rates would likely be higher if Bank of Canada took mechanical approach: Poloz

    Economic CTV News
    TORONTO -- Bank of Canada governor Stephen Poloz says with the economy running at close to full tilt, a mechanical approach to setting interest rates would suggest higher borrowing rates should already be in place. Source
  • Poloz explains why interest rates should be higher, but aren't

    Economic CTV News
    TORONTO -- Bank of Canada governor Stephen Poloz says with the economy running at close to full tilt, a mechanical approach to setting interest rates would suggest higher borrowing rates should already be in place. Source
  • Buying bitcoin is more like gambling than investing: Poloz

    Economic CTV News
    TORONTO -- Bank of Canada governor Stephen Poloz is sounding the alarm on Bitcoin, calling the purchase of the cryptocurrency "closer to gambling than investing." In a speech at the Canadian Club Toronto on Thursday, the governor said Bitcoin is not a reliable store of value and does not constitute "money. Source
  • These are the things that Bank of Canada's Poloz says keep him awake at night

    Economic CBC News
    Bank of Canada governor Stephen Poloz will appear on CBC News Network's On the Money in an interview with host Peter Armstrong at 4 p.m. ET. You might forgive Stephen Poloz if he has a lot on his mind. Source