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.



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Latest Economic News

  • OPEC moves to cap Nigerian oil output, boost production cut compliance

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    OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined 1.8 million barrels per day (bpd) from January 2017 until the end of March 2018. Source
  • IMF raises outlook for economic growth in Canada, expected to be tops for G7

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    OTTAWA -- The International Monetary Fund expects Canada to lead the G7 for economic growth this year. The IMF raised its outlook for Canada as part of its latest world economic outlook update. Source
  • IMF downgrades outlook for British economy even as Europe growing faster than expected

    Economic CBC News
    The International Monetary Fund has revised down its 2017 growth forecast for the British economy following a weak first quarter that suggested the country's exit from the European Union was starting to weigh on consumers and businesses. Source
  • IMF says Canadian economy poised to grow 2.5% this year, best in G7

    Economic CBC News
    The International Monetary Fund has revised down its 2017 growth forecast for the British economy following a weak first quarter that suggested the country's exit from the European Union was starting to weigh on consumers and businesses. Source
  • Infrastructure bank studied as funding option for U.S.-Canada high-speed rail

    Economic CTV News
    OTTAWA -- Washington state is exploring whether Canada's new infrastructure bank could help finance a multibillion-dollar proposal for high-speed rail between Vancouver and the U.S. northwest. The Trudeau government's soon-to-be-launched, $35-billion infrastructure bank will seek to use public funds as leverage to attract billions more in private investment for major infrastructure projects, such as bridges, transit systems and rail lines. Source
  • Asian shares mixed as attention turns to Fed meeting

    Economic CTV News
    TOKYO -- Asian shares meandered Monday as market attention turned to the U.S. Federal Reserve meeting later in the week. Japanese shares languished as the yen strengthened against the dollar. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.6 per cent to finish at 19,975.67. Source
  • Canadian dollar climbs above 80 cents US

    Economic CTV News
    TORONTO -- The Canadian dollar broke above 80 cents US in morning trading today amid a weakening U.S. currency. The loonie, which hasn't closed above 80 cents US since June 30, 2015, later dipped slightly, trading at 79.97 cents US, up from Friday's average price of 79.69 cents US. Source
  • German automakers' shares fall on diesel emissions concerns

    Economic CTV News
    FRANKFURT -- The German auto industry's troubles over excessive diesel emissions are looming larger. Shares in the three biggest German automakers fell Monday after a newsmagazine report claimed they had colluded for years over diesel technology. Source
  • Australian consumer watchdog investigates air bag recall

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    SYDNEY, Australia -- Australia's consumer watchdog said on Monday it was urgently seeking information from the government regulator and car manufacturers after a magazine reported that recalled Takata air bags were being replaced by faulty air bags. Source
  • Hidden city ticketing: How air travellers are taking chances to save big

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    TORONTO -- When Kevin, a Toronto-based entrepreneur, travels to San Francisco for work, he often books a flight to Santa Ana, Calif., instead. Then he disembarks the plane during the stopover in San Francisco and skips the last leg of the flight to southern California. Source