5 things to watch for in the Canadian business world this week
The Enbridge logo is pictured in this undated photo.
The Canadian Press
Published Sunday, May 8, 2016 10:56AM EDT
TORONTO -- Five things to watch this week in Canadian business:
Panama Papers: The International Consortium of Investigative Journalists is planning another Panama Papers data dump on Monday. The leak of financial records has outlined to some extent the degree of tax evasion through offshore bank accounts.
Home base: Canada Mortgage and Housing Corp. releases its April report on housing starts on Monday. Last month, CMHC reported that seven of the 15 centres it monitors showed evidence of overbuilding and nine showed signs of overvaluation.
At the summit: The Energy Council of Canada holds an annual gathering Monday and Tuesday for senior executives from corporate and government circles. On the agenda: what to do about new government climate policies.
Profits and losses: Canadian financial reports continue to flow throughout the week. On Tuesday, home improvement retailer Rona will issue its results. Rona's days of independence will end once Lowe's completes its $3.2-billion friendly takeover.
Facing shareholders: Enbridge holds its annual meeting for shareholders on Thursday afternoon in Calgary. Earlier in the day, the pipeline company releases first-quarter results and holds a conference call with analysts.