TORONTO — Five things to watch for in the Canadian business world in the coming week:
Rogers-Shaw appeal
The Federal Court of Appeal will hear the Competition Bureau’s appeal of a decision that cleared the way for Rogers Communication Inc.’s takeover of Shaw Communications Inc. on Tuesday. The Competition Bureau is appealing the Competition Tribunal’s dismissal of its efforts to block the $26-billion deal, stating the tribunal made fundamental errors of law.
Metro results
Retailer Metro Inc. will report results from the first quarter of its 2023 financial year on Tuesday. The company behind Metro, Super C and Food Basics grocery stores and the Jean Coutu drugstore chain will also hold its annual meeting of shareholders the same day.
Railway earnings
Canadian National Railway Co. will report its fourth-quarter and full-year results for 2022 after the close of financial markets on Tuesday and hold a conference call with investors and analysts. In its outlook released in October, the railway said it expected adjusted diluted earnings per share growth of about 25 per cent for 2022 and free cash flow of about $4.2 billion for the year.
Rate announcement
The Bank of Canada will release its latest interest rate decision and monetary policy report on Wednesday. The annual pace of inflation has slowed as the central bank has raised interest rates, but at 6.3 per cent in December it still remains above the Bank of Canada’s target of two per cent.
Celestica results
Celestica Inc. will release its fourth-quarter and full-year results after the close of markets on Wednesday and hold a conference call with analysts and investors on Thursday morning. In its guidance for the quarter, the company has said it expects revenue between US$1.875 billion and US$2.025 billion and adjusted earnings per share between 49 and 55 cents US.
This report by The Canadian Press was first published Jan. 22, 2023.
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