TORONTO — Five things to watch for in the Canadian business world in the coming week:
Stock markets in Canada and the U.S. were under pressure last week after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point and forecast more hikes are to come. Investors will be watching to see where markets go now.
Dye & Durham results
Dye & Durham Ltd. will release its fourth-quarter and full-year financial results after the close of markets on Monday and hold a conference call with investors. The company called off its proposed acquisition of Australian company Link Group last week, but said it has a “robust pipeline” of merger and acquisition opportunities.
The U.S. Surface Transportation Board will hold three days of hearings starting on Wednesday into the proposed merger between Canadian Pacific Railway Ltd. and Kansas City Southern Railway Co. The public hearings will be held at the board’s headquarters in Washington.
Statistics Canada will release its figures for gross domestic product by industry for July on Thursday. The initial estimate for the month suggested real GDP edged down by 0.1 per cent for the month as output fell in the manufacturing, wholesale, retail trade and utilities sectors.
The federal cabinet order enforcing mandatory COVID-19 vaccination requirements at the Canadian border is set to expire on Friday. Current border restrictions mean most foreign nationals are not allowed to travel to Canada unless they have completed a primary series of an approved COVID-19 vaccine, unless they qualify for an exception.
This report by The Canadian Press was first published Sept. 25, 2022.
Companies in this story: (TSX:DND, TSX:CP)