Five things to watch for in the Canadian business world this coming week

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

TSX closed: Investors can take a breather from freaking out about their stock portfolios on Monday -- the Toronto Stock Exchange is closed due to Ontario's Family Day.

See Full Article

Rona: Quebec's home renovation retailer will release its fourth-quarter results on Tuesday. Earlier this month, Rona announced that U.S. home improvement chain Lowe's is buying the company in a friendly takeover valued at $3.2 billion Cdn.

Housing: The Canadian Real Estate Association is out with its January 2016 resale housing statistics on Tuesday. They'll contain clues about whether this year is poised to be as bullish a year for real estate in Toronto and Vancouver as 2015 was, and as dismal a year in Alberta.

Bombardier: Embattled aircraft builder Bombardier Inc. releases its fourth-quarter and year-end results on Wednesday. The company is waiting to hear if it's getting an aid package from Ottawa. Quebec's trade minister said recently the province will consider a further investment in Bombardier if federal aid doesn't materialize.

Inflation: On Friday, Statistics Canada releases the consumer price index for the first month of the year. The annual inflation rate for December grew to 1.6 per cent, fuelled by soaring prices for numerous products including fruits and vegetables.



Advertisements

Latest Economic News

  • Second Cup signs $8M loan deal

    Economic CBC News
    The Second Cup Ltd. has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of its strategic options. The company says proceeds from the loan will be used to repay its existing $6-million credit facility and for general corporate purposes. Source
  • Amazon Go store is checkout free

    Economic CTV News
    NEW YORK -- Amazon is testing a grocery store model in Seattle that works without checkout lines. Called Amazon Go, shoppers scan their Amazon app when they enter the store, and then sensors register items that shoppers pick up and automatically charge them to the Amazon app. Source
  • Can't buy love? Drug price hikes put sex beyond reach

    Economic CTV News
    TRENTON, N.J. -- Imagine not being able to afford one of life's great pleasures -- sex. That's true for many older couples, doctors say. Soaring prices for prescription medicines for impotence and other problems have put the remedies out of reach for some. Source
  • Second Cup signs deal for $8-million loan following review of strategic options

    Economic CTV News
    MISSISSAUGA, Ont. -- The Second Cup Ltd. (TSX:SCU) has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of its strategic options. The company says proceeds from the loan will be used to repay its existing $6-million credit facility and for general corporate purposes. Source
  • Competition Bureau ups bid-rigging work to protect federal infrastructure cash

    Economic CTV News
    OTTAWA -- The Competition Bureau of Canada says its efforts to identify and prevent bid rigging in construction contracts this year has already turned up potential criminal activity -- just as new federal infrastructure money begins to flow. Source
  • In signal to Trump, China, Iran say nuclear deal must stand

    Economic CTV News
    BEIJING -- The foreign ministers of China and Iran on Monday urged governments not to violate the deal that limits Iran's nuclear activity in exchange for the lifting of sanctions, in remarks apparently directed at U.S. Source
  • Italy hit by market volatility after referendum defeat

    Economic CTV News
    MILAN -- Italian voters dealt Premier Matteo Renzi a resounding rebuke early Monday by rejecting his proposed constitutional reforms, plunging Europe's fourth-largest economy into political and economic uncertainty. Renzi announced he would quit following Sunday's referendum vote, in which 60 per cent of voters rejected his proposals and signalled they wanted a change in political direction. Source
  • Alberta Premier Rachel Notley heads to B.C. on Monday, spokeswoman confirms

    Economic CTV News
    EDMONTON - A spokeswoman for Rachel Notley says the Alberta premier will visit British Columbia on Monday. Cheryl Oates confirmed the visit would occur when she was asked via text over the weekend, but did not respond to emails asking for details. Source
  • Donating can make a big difference for charity -- and your tax bill

    Economic CTV News
    TORONTO -- The last few weeks of the year are the busiest for Canadian charities with people who rush to get in their last-minute donations before the Dec. 31 deadline.Scroll down or click here to vote in our poll of the day More than 24 million Canadians gave away a total of $12.8 billion to charities in 2013, with the average gift per donor being $531, according to the most recent data from Statistics Canada. Source
  • Central banks are intrinsically conservative to keep our money safe: Don Pittis

    Economic CBC News
    Which is the best economic strategy: delayed gratification, or live for today? In the era of Donald Trump, it seems inevitable that the entrepreneurial urge to make hay while the sun shines is headed for a collision with the restraining forces of central banking. Source