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.

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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.


Latest Economic News

  • A $31B problem: How Canada sucks at reducing food waste

    Economic CBC News
    France has made it illegal for supermarkets to waste food, and Italy is offering tax breaks when businesses donate leftovers. But a policy that addresses food waste in Canada won't be in place any time soon. Source
  • Trade deal with Canada still possible: EU chief

    Economic CTV News
    BRUSSELS -- The president of the European Union still hopes that a free trade between the bloc and Canada can be signed at a summit this week despite Belgium's refusal so far to sign on. Source
  • NEB revises down oil production outlook on lower prices, changing regulations

    Economic CTV News
    CALGARY -- The National Energy Board has revised down its long-term outlook for oil prices and Canadian production in the face of lower global industry costs and stricter environmental regulations. In an update released Wednesday, the regulator projects inflation-adjusted oil prices rising to US$68 a barrel by 2020 and US$90 by 2040, $12 and $17 a barrel lower, respectively, than in its January report. Source
  • Asian stocks hit by gloom on Wall Street

    Economic CTV News
    TOKYO -- Shares fell broadly in Asia on Wednesday after a gloomy session on Wall Street, where shares of household names like appliance maker Whirlpool and athletic apparel maker Under Armour suffered their worst declines in years. Source
  • New Wells Fargo CEO to employees: 'We're sorry'

    Economic CTV News
    NEW YORK -- Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday that he is "sorry for the pain" that the bank's employees have suffered as a result of the company's sales practices scandal. Source
  • Canadian malls need to diversify to become destinations for shoppers, say experts

    Economic CTV News
    MONTREAL -- The rise of online shopping is forcing Canadian malls to diversify and become destinations that offer a range of services including entertainment and sporting venues in addition to traditional clothing stores, a Montreal real estate conference heard Tuesday. Source
  • Quebec says it's on track for $2.2-billion surplus in current fiscal year

    Economic CTV News
    Quebec is projecting a higher than expected surplus of $2.2 billion in the current fiscal year and is also abolishing a health tax two years ahead of schedule. Information available over the summer led the government to call for a surplus of $1.8 billion for fiscal 2016-17, which ends next March 31, but Finance Minister Carlos Leitao said Tuesday that provincial revenues have increased more than expected. Source
  • Pipeline company asks protesters to leave North Dakota land

    Economic CTV News
    CANNON BALL, N.D. - The developer of the Dakota Access oil pipeline said Tuesday that the dozens of protesters who have camped on company-owned land since the weekend are trespassing and that "lawless behaviour will not be tolerated. Source
  • Red ink will rule, but optimism in the oilpatch as earnings released

    Economic CBC News
    Precision Drilling announced some full-on good news last week with its third-quarter earnings. Although the company lost $47 million in the third quarter and revenue was down by nearly a half, it also said that it had rehired 1,000 workers. Source
  • CN Rail slightly raises outlook for 2016 despite dip in Q3 profits, revenues

    Economic CTV News
    MONTREAL -- Canadian National Railway Co. boosted its earnings forecast for 2016 despite seeing its profits and revenues decline in the third quarter. The Montreal-based railway raised it outlook for the year, saying it expects adjusted earnings will increase by about one per cent above the $4.44 per share earned last year. Source