Five things to watch for in the Canadian business world in the coming week
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Hey there, time traveller!
This article was published 14/07/2024 (514 days ago), so information in it may no longer be current.
TORONTO – Five things to watch for in the Canadian business world in the coming week:
Corus results
Corus Entertainment Inc. will release its third-quarter results on Monday. The company announced last month the retirement of chief executive Doug Murphy and the appointment of co-chief executives Troy Reeb and John Gossling. The new leadership comes after the company lost several major Warner Bros. Discovery lifestyle television channels to Rogers Communications Inc.
Outlook survey
The Bank of Canada will release is business outlook survey and its Canadian survey of consumer expectations on Monday. The reports come ahead of the central bank’s next interest rate announcement and monetary policy report set for July 24. The central bank cut its policy interest rate to 4.75 per cent in June.
May data
Statistics Canada will release several economic data points for May this week. The agency’s monthly survey of manufacturing and wholesale trade data for May are expected on Monday, while retail trade data for the month will come on Friday.
Inflation
Statistics Canada will release its latest inflation reading on Tuesday when it publishes its consumer price index for June. The annual inflation rate was 2.9 per cent in May, up from 2.7 per cent in April. The report is expected to be a key factor in the Bank of Canada’s next interest rate decision.
Choice Properties results
Choice Properties Real Estate Investment Trust will report its second-quarter results after markets close on Thursday. The trust holds a portfolio of mostly grocery store anchored properties, but also has grown to include industrial, mixed use and residential properties.
This report by The Canadian Press was first published July 14, 2024.
Companies in this story: (TSX:CJR.B, TSX:CHP.UN)