TORONTO — Five things to watch for in the Canadian business world in the coming week:
RioCan results
RioCan Real Estate Investment Trust will release its first-quarter financial results after the market close on Monday and hold a conference call with analysts on Tuesday. The real estate trust said earlier this year that it was “pruning” its tenant mix to ensure malls and other retail spaces it owns are filled with resilient businesses that are best positioned to weather any further COVID-19 upheaval.
Suncor results
Suncor Energy Inc. will release its first-quarter results on Monday night after the close of trading and hold a conference call with financial analysts and its annual meeting on Tuesday. U.S.-based activist investor Elliott Investment Management is seeking changes at the company due to what it calls a decline in performance at the big energy producer.
Canadian Tire results
Canadian Tire Corp. Ltd. will release its quarterly results and hold its annual meeting on Thursday. The retailer, which operates several banners including Canadian Tire, SportChek and Mark’s, announced in March a multi-billion dollar plan to improve customer service and bolster sales.
Bank of Canada speech
Bank of Canada deputy governor Toni Gravelle gives a speech on Commodity price shocks and the impact on growth and inflation in Canada to the Association des économistes québécois on Thursday. The Bank of Canada raised its key interest rate by half a percentage point to one per cent last month and warned more interest rate hikes are coming.
Cineplex results
Cineplex Inc. will release its first-quarter results and hold a conference call with financial analysts on Friday. Investors will be watching to see how eager Canadians were to head back to the movie theatres as pandemic restrictions were eased.
This report by The Canadian Press was first published May 8, 2022.
Companies in this story: (TSX:REI.UN, TSX:CTC.A, TSX:SU, TSX:TSX:CGX)
