TORONTO — Five things to watch for in the Canadian business world in the coming week:
Holiday Monday
The Toronto Stock Exchange is closed for trading Monday due to the civic holiday in Ontario. Since it is not a U.S. holiday, New York markets will be open for business.
Resources results
Oil and gas companies have seen a strong boost to earnings from the commodities price spike related to Russia’s invasion of Ukraine. The busy energy and resources sector earnings season continues with Nutrien on Wednesday, Suncor on Thursday evening and Pembina and TransAlta on Friday.
Housing update
A new month means Canadian real estate boards will release fresh data at a time when the market is cooling as the slower summer season combines with higher interest rates. Expect to see June sales and listing data from Montreal and Vancouver on Wednesday, with Toronto numbers arriving on Thursday.
Bell earnings
Bell Canada’s parent company, BCE Inc., releases its second-quarter earnings on Thursday. It’s the second major telecom company to report, coming after Rogers Communications last week reported an increase in profit and sales, with wireless service revenue increasing by double digits. Industry watchers will be interested in any comment about planned measures to co-ordinate 911 service among wireless providers after the massive Rogers outage on July 8.
Jobs report
Statistics Canada will release the results of its labour force survey for July on Friday as a tight job market continues across the country. May’s report showed the economy lost 43,000 jobs for the month as the unemployment rate fell to 4.9 per cent, the lowest rate among data going back to 1976.
This report by The Canadian Press was first published July 31, 2022.
Companies in this story: (TSX:NTR, TSX:SU, TSX:PPL, TSX:TA, TSX:BCE)
