October 04, 2015 - 7:00 AM
TORONTO - Five things to watch in Canadian business this week:
Executive extradition: The extradition hearing of a Canadian former mining company CEO, detained in Bulgaria on corruption charges, is being held Monday in Vidic. The government of Kyrgyzstan wants Leonard Homeniuk, one-time CEO of Toronto-based Centerra Gold, to face charges there involving alleged revenue-splitting. Centerra Gold runs the country's massive Kumtor gold mine.
Pipeline perils: The Federal Court of Appeal challenge against the government's approval of Enbridge's Northern Gateway pipeline continues next week in Vancouver. Eighteen First Nation and environmental groups are fighting the pipeline. Monday is also the deadline for Kinder Morgan to file written arguments to the National Energy Board on its proposed Trans Mountain pipeline expansion.
Taking the economy's temperature: Statistics Canada releases Canada's international merchandise trade figures for August on Tuesday, another gauge of the vigour of the Canadian economy which spent the first half of the year in recession. And on Friday, the federal agency is out with the labour force survey for September, the last such job-creation data until after the federal election on Oct. 19.
Hot housing: There's also some data next week on the country's housing market, which has shown few signs of being affected by the economic slowdown of earlier this year beyond the hard-hit oilpatch. StatCan releases its new housing price index for August on Thursday, while Canada Mortgage and Housing Corp. releases September housing starts. Housing markets in Toronto and Vancouver, in particular, have been on fire as interest rates remain at historic lows.
Markets meeting: The Ontario Securities Commission holds OSC Dialogue 2015 on Thursday, an annual event that brings together hundreds of market participants, including prominent figures from the securities world, to discuss issues and trends facing capital markets.
News from © The Canadian Press, 2015