TORONTO — Five things to watch for in the Canadian business world in the coming week:
Bank annual meetings
Several of Canada’s big banks will hold their annual meetings this week. Shareholders at Bank of Montreal will gather on Tuesday, while TD Bank shareholders meet Thursday. Shareholders at National Bank will hold their meeting on Friday.
Inflation
Statistics Canada will release its latest reading on inflation on Tuesday when it publishes its consumer price index for March. The annual inflation rate cooled to 5.2 per cent in February, its lowest point since January 2022 when it was 5.1 per cent.
Metro results
Grocer Metro Inc. will release its second-quarter results and hold a conference call with investors and financial analysts on Wednesday. The grocery sector has faced intense scrutiny in recent months for posting strong profits as many Canadians struggle with higher food costs.
Other economic data
Statistics Canada will release its figures for wholesale sales in February on Monday and its and retail trade numbers for the month on Friday. Meanwhile, Canada Mortgage and Housing Corp. is expected to release its March housing starts figures on Wednesday.
Imperial Oil
Imperial Oil Ltd. will hold its 2023 investor day on Wednesday when it will provide an update on its operations and business strategy. The company announced earlier this year that it will go ahead with plans to build what will be Canada’s largest renewable diesel manufacturing facility at its Strathcona refinery on the outskirts of Edmonton.
This report by The Canadian Press was first published April 16, 2023.
Companies in this story: (TSX:BMO, TSX:TD, TSX:NA, TSX:MRU, TSX:IMO)
