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

  • Inflammatory letter sheds light on Uber's alleged misconduct

    Economic CTV News
    SAN FRANCISCO -- A former Uber security specialist accused the company of dispatching a team of spies to steal its rivals' trade secrets and using shady tactics to thwart its competition in the ride-hailing market, according an inflammatory letter unsealed Friday by a federal judge. Source
  • Court denies WestJet's bid to toss harassment lawsuit filed by former worker

    Economic CTV News
    VANCOUVER -- WestJet has lost a bid to throw out of court a proposed class-action lawsuit that accuses the company of failing to provide a harassment-free workplace for women. Former flight attendant Mandalena Lewis sued WestJet (TSX:WJA) in the Supreme Court of British Columbia over allegations of gender-based discrimination, accusing her former employer of fostering a corporate culture that tolerates harassment against female employees. Source
  • Toronto stock index shows moderate gain in broad-based advance, loonie drops

    Economic CTV News
    TORONTO -- Canada's main stock index moved forward today in a broad-based advance, while those on Wall Street closed at record highs. The Toronto Stock Exchange's S&P/TSX composite index gained 25.52 points to 16,041.98, led by a double-digit jump in the worth of Linamar Corp. Source
  • Apotex founder Barry Sherman, wife found dead in Toronto home

    Economic CBC News
    Canadian pharmaceutical giant Apotex has confirmed its founder Barry Sherman and his wife, Honey, are dead, amid reports that two bodies were found in their Toronto home. "All of us at Apotex are deeply shocked and saddened by this news and our thoughts and prayers are with the family at this time," the company said in a statement late Friday afternoon, adding that the deaths were "unexpected. Source
  • Apotex founder Barry Sherman and wife found dead in Toronto home

    Economic CBC News
    Canadian pharmaceutical giant Apotex has confirmed its founder Barry Sherman and his wife, Honey, are dead, amid reports that two bodies were found in their Toronto home. "All of us at Apotex are deeply shocked and saddened by this news and our thoughts and prayers are with the family at this time," the company said in a statement late Friday afternoon, adding that the deaths were "unexpected. Source
  • Bitcoin price nears $18,000 US as second futures contract set to start trading

    Economic CBC News
    Bitcoin blasted to another all-time high of almost $18,000 US on the Bitstamp exchange on Friday, up 9 per cent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. Source
  • Bombardier, Boeing prepare to make final arguments in bitter trade dispute

    Economic CTV News
    OTTAWA -- The bitter dispute between Bombardier and Boeing will enter a critical phase next week, when the two aerospace rivals appear before an all-important trade tribunal -- whose ruling will ultimately decide the fight. Source
  • H&M to close more stores as customers go online

    Economic CTV News
    Swedish clothing giant Hennes & Mauritz on Friday said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online. H&M CEO Karl-Johan Persson said in a statement that the company's "online sales and sales of the group's other brands continued to develop well" but that physical stores "were negatively affected by a continued challenging market situation with reduced footfall to stores due to the ongoing shift in the…
  • Oilsands price discounts expected to rise as output exceeds export pipeline room

    Economic CTV News
    CALGARY -- An RBC report warns that Canadian oilsands producers face rising price discounts as growing production "materially exceeds" export pipeline capacity to the United States in the first quarter of 2018. RBC Dominion Securities says production from the oilsands of northern Alberta is set to climb by nearly 620,000 barrels per day over the next four years to 3.3 million barrels per day in 2021 before levelling off. Source
  • NAFTA uncertainty weighing on Canadian business confidence: EDC

    Economic CBC News
    Export Development Canada said Friday that 23 per cent of Canadian exporters surveyed recently say the ongoing NAFTA negotiations are having a negative impact on their operations. The figure is contained in the latest release of EDC's semi-annual trade confidence report, which found that Canadian exporters' overall confidence in domestic and international sales opportunities over the next six months was down only slightly from the spring despite a weaker Canadian dollar and softer merchandise…