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Things to watch for in the Canadian business world in the coming week

September 12, 2017 - 10:27 AM

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

Poker face: The online gambling company formerly known as Amaya Inc. will face questions Monday at a hearing in front of the Ontario Securities Commission, which is investigating allegations of insider trading.

Pension problems: Insolvent Sears Canada meets with employee representatives Tuesday to determine a process for a motion to wind up the pension plan. The chain has met with vocal opposition and Twitter rage over its decision to pay millions of dollars in bonuses to keep executives while forgoing retirement benefits and severance pay to former employees.

Payday: Statistics Canada releases data from the 2016 census Wednesday that will look at trends in household income including where we stand on everything from retirement savings to whether women are taking home more of the bacon.

Not to burst your bubble, but: The Canadian Real Estate Association issues its monthly housing data for August on Friday. Sales in the Greater Toronto area, Canada's biggest housing market, dropped nearly 35 per cent year-over-year in August, which could have a dramatic effect on the national number of homes sold last month as well as its quarterly update to its forecast for the year.

Note to readers: This is a corrected story. An earlier version erroneously reported that Finance Minister Bill Morneau was meeting Tuesday with small business representatives. The same item also said Sears Canada was filing a petition Tuesday to terminate its pension plan. In fact, it held a meeting to determine a process for a motion to wind up the pension plan.

News from © The Canadian Press, 2017
The Canadian Press

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