This week in enterprise
The Canadian Press – Dec 5, 2022 / 5:59 am | Story: 399890
Photograph: The Canadian Press
5 issues to observe for within the Canadian enterprise world within the coming week:
The Home of Commons committee taking a look at meals worth inflation will hear from executives from a few of Canada’s largest grocers on Monday. Executives from Loblaw Corporations Ltd. and Empire Co. Ltd. in addition to different consultants are anticipated to face questions from the members of Parliament on the committee.
House gross sales
The Quebec Skilled Affiliation of Actual Property Brokers releases November residence gross sales figures on Monday, adopted by the Toronto Regional Actual Property Board November gross sales figures on Tuesday. House gross sales in Canada have cooled this yr as greater mortgage charges have elevated the price of borrowing for consumers.
Statistics Canada will launch its worldwide merchandise commerce figures for October in addition to its figures for Canadian worldwide commerce in companies on Tuesday. Canada’s merchandise commerce surplus was $1.1 billion in September as progress in exports, boosted by wheat and crude oil, outpaced an increase in imports.
The Financial institution of Canada will make its closing scheduled rate of interest announcement for the yr on Wednesday. The speed announcement will likely be adopted by a speech by Financial institution of Canada deputy governor Sharon Kozicki in Montreal on Thursday.
Laurentian Financial institution outcomes
Laurentian Financial institution will launch its fourth-quarter and full-year outcomes on Friday. Canada’s huge banks have introduced a combined bag of fourth-quarter outcomes to date this yr as they put together for an anticipated financial slowdown within the yr forward.