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

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

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

Banking conference

The Scotiabank Financials Summit will be held this week. Some of the biggest names in the Canadian financial sector are expected to present at the investment conference on Wednesday and Thursday.

Rate announcement

The Bank of Canada will make its latest interest rate announcement on Wednesday followed by a speech by senior deputy governor Carolyn Rogers on Thursday. The central bank raised its key interest target by a full percentage point to 2.50 per cent in July and is expected to raise rates again as it works to battle inflation which sits at its highest level in decades.

Trade numbers

Statistics Canada will release its international merchandise trade and trade in services figures for July on Wednesday. The figures will help fill in some of the details as to how the economy fared in July after an initial estimate by the agency suggested it contracted 0.1 per cent for the month. 

Jobs report

Statistics Canada will release its labour force survey for August on Friday. The Canadian economy lost 31,000 jobs in July, while the unemployment rate held steady at 4.9 per cent for the month. It was the second month in a row to show a loss in the number of jobs.

Dollarama results

Dollarama Inc. will release its second-quarter results on Friday. The discount retailer reported growing sales and profits earlier this year as pandemic restrictions lifted and shoppers hunted for bargains in the face of rising inflation.

This report by The Canadian Press was first published Sept. 4, 2022.

Companies in this story: (TSX:DOL)

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