Five things to watch for in the Canadian business world in the coming week
A sign at a Montreal Saputo plant is shown on Jan.13, 2014. Saputo will announce its latest quarterly results this week. (Ryan Remiorz/The Canadian Press)
The Canadian Press
Published Sunday, October 28, 2018 10:16AM EDT
TORONTO -- Five things to watch for in the Canadian business world in the coming week:
The week will see a wave of financial results from major Canadian names including Great-West Lifeco, BCE, Enbridge, Imperial Oil, Canadian Natural Resources, Cenovus Energy and Saputo.
The Toronto Real Estate Board holds its AGM on Tuesday, featuring keynote speakers CIBC's Benjamin Tal and Conservative Party leader Andrew Scheer. TREB recently began permitting housing sales data to be published on password-protected websites after it fought for seven years to shield the information.
Statistics Canada releases gross domestic product by industry figures for August on Wednesday. Strength in the manufacturing sector helped the Canadian economy grow 0.2 per cent in July, coming in slightly above expectations.
Poloz at committee
Bank of Canada governor Stephen Poloz appears before the House of Commons finance committee on Tuesday and then at the Senate's banking committee on Wednesday. The central bank raised its key interest rate target last week to 1.75 per cent, a move that prompted the large banks to raise their prime lending rates.
October jobs picture
Statistics Canada releases its labour force survey for October on Friday. The September report showed the country's job market bounced back from August with a gain of 63,000 positions, edging the unemployment rate lower to 5.9 per cent.