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

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. The Bank of Canada will release its latest business outlook survey and survey of consumer expectations on Monday.
Image Credit: THE CANADIAN PRESS/Adrian Wyld
July 05, 2021 - 5:27 AM

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

Home sales:

Real estate boards for some of Canada's largest cities are expected to report June home sales this week. Overall Canadian home sales in May fell compared with April, but remained on track to set a record this year.

Outlook survey:

The Bank of Canada will release its latest business outlook survey and survey of consumer expectations on Monday. The latest barometer of how Canadian businesses are feeling comes ahead of the Bank of Canada's next interest rate announcement and monetary policy report on July 14.

Energy conference:

TD Securities holds its virtual investment conference for the energy sector this week as the price of oil tops US$70 a barrel. Some of the biggest names in the sector are expected to present at the conference starting on Tuesday.

Jobs report:

Statistics Canada will release its labour force survey for June on Friday. The jobs report showed a loss of 68,000 jobs in May, but businesses began to reopen last month as lockdowns put in place to slow the pandemic began to ease.

MTY results:

MTY Food Group Inc. will report its second-quarter results and hold a conference call with financial analysts on Friday. The restaurant franchise company, which includes more than 80 different banners, said earlier this year that it hoped to be able to resume paying dividends in the second half of this year.


 

News from © The Canadian Press, 2021
The Canadian Press

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