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 21/07/2024 (804 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:
CN Rail results
Canadian National Railway Co. will release its second-quarter results on Tuesday. Rail workers at CN as well as competitor Canadian Pacific Kansas City Ltd. voted last month to reauthorize a strike at both companies if new collective agreements can’t be hashed out.
Bank of Canada rate decision
The Bank of Canada will release its next interest rate decision and monetary policy report on Wednesday. The central bank cut its policy interest rate to 4.75 per cent in June and many economists are expecting another quarter-point cut at its upcoming meeting after Canada’s annual inflation rate fell to 2.7 per cent last month.
Rogers results
Rogers Communications Inc. will post its second-quarter results on Wednesday. Last month, the telecommunications and media company announced it had signed multi-year deals with Warner Bros. Discovery and NBCUniversal for their popular lifestyle and entertainment brands in Canada.
Loblaw results
Loblaw Cos. Ltd. is set to release its second-quarter earnings on Thursday. In May, the grocer said it was testing smaller-format discount stores across the country this year as shoppers increasingly look for ways to save on their grocery bill.
Bombardier results
Thursday will also see Bombardier Inc. report its second-quarter results. Earlier this month, workers represented by Unifor at Bombardier’s aircraft assembly centre in the Greater Toronto Area ratified a new three-year contract, ending an 18-day strike.
This report by The Canadian Press was first published July 21, 2024.
Companies in this story: (TSX:CNR, TSX:RCI.B, TSX:L, TSX:BBD.B)