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

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

30 Oct    Finance News

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TORONTO — Five things to watch for in the Canadian business world in the coming week:

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The case against three former CannTrust Holdings Inc. leaders accused of securities offences is expected to heat up this week. Lawyers have been arguing over a procedural issue related to the scope of the fraud charge, but the case is expected to hear opening arguments and start hearing testimony in court this week.

Home sales

Home sales figures from the real estate boards in some of Canada’s largest cities are expected this week. Calgary will report is October sales on Tuesday followed by Vancouver on Wednesday and Toronto on Thursday. The national home sales figures have been cooling in recent months as higher mortgage rates have taken their bite.

Corporate earnings

Some of the biggest names in corporate Canada will be reporting their latest quarterly earnings this week. Martinrea International Inc. will report its results on Tuesday, followed by Spin Master Corp., Canada Goose Holdings Inc., Cenovus Energy Inc., Sun Life Financial Inc. and Suncor Energy Inc. on Wednesday. RioCan Real Estate Investment Trust, Lightspeed Commerce Inc., BCE Inc., Restaurant Brands International Inc. and Bombardier Inc. report Thursday, while Enbridge Inc. and SNC-Lavalin Group Inc. are on Friday.

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Fiscal update

Finance Minister Chrystia Freeland will deliver the government’s fall economic statement on Thursday after the close of financial markets. The update comes as worries about a possible recession grow louder and the Bank of Canada continues to raise interest rates in an effort to bring decades-high inflation under control.

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Job numbers

Statistics Canada will release its labour force survey numbers for October on Friday. The Canadian economy added 21,000 jobs in September as the unemployment rate fell to 5.2 per cent compared with 5.4 per cent in August.

This report by The Canadian Press was first published Oct. 30, 2022.


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