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:

Bank of Canada

Bank of Canada governor Tiff Macklem and Carolyn Rogers, the senior deputy governor, will appear before the House of Commons standing committee on finance on Monday. The central bank raised its key interest rate target by half a percentage point earlier this month and warned more rate hikes are on their way as it works to bring inflation under control.

Railway earnings

Canada’s two largest railways will report their quarterly results this week. Canadian National Railway Co. will report its results on Tuesday, while Canadian Pacific Railway Ltd. will report Wednesday.

Resource sector results

Cenovus Energy Inc. and Teck Resources Ltd. will report their latest quarterly results on Wednesday. Precision Drilling Corp. will report Thursday. On Friday, Imperial Oil Ltd. and TC Energy Corp. are scheduled to report.

Economic policy conference

The Canada Growth Summit is set for Thursday in Toronto. The conference, which has a theme of “transitions to opportunity” this year, will bring together business, political and academic leaders to discuss Canada’s long-term prosperity.

Economic report card

Statistics Canada will report its reading for gross domestic product for February on Friday. The agency’s initial estimate suggested the economy grew 0.8 per cent in February, after eking out a 0.2 per cent gain in January.

This report by The Canadian Press was first published April 24, 2022.

Companies in this story: (TSX:CP, TSX:CNR, TSX:CVE, TSX:TECK.B, TSX:PD, TSX:IMO, TSX:TRP)

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