Five things to watch for in the Canadian business world in the coming week

Author of the article: Publishing date: Dec 04, 2022  •  23 hours ago  •  1 minute read Join the conversation A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022. The House of Commons committee looking at food price inflation will hear from executives at some of Canada’s biggest grocers on Monday. Executives…
Five things to watch for in the Canadian business world in the coming week

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Publishing date:

Dec 04, 2022  •  23 hours ago  •  1 minute read

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A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022. The House of Commons committee looking at food price inflation will hear from executives at some of Canada’s biggest grocers on Monday. Executives from Loblaw Companies Ltd. and Empire Co. Ltd. as well as other experts are expected to face questions from the committee. Photo by Alex Lupul /THE CANADIAN PRESS

TORONTO — Five things to watch for in the Canadian business world in the coming week:

Food inflation

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The House of Commons committee looking at food price inflation will hear from executives from some of Canada’s biggest grocers on Monday. Executives from Loblaw Companies Ltd. and Empire Co. Ltd. as well as other experts are expected to face questions from the members of Parliament on the committee.

Home sales

The Quebec Professional Association of Real Estate Brokers releases November home sales figures on Monday, followed by the Toronto Regional Real Estate Board November sales figures on Tuesday. Home sales in Canada have cooled this year as higher mortgage rates have increased the cost of borrowing for buyers.

Trade numbers

Statistics Canada will release its international merchandise trade figures for October as well as its figures for Canadian international trade in services on Tuesday. Canada’s merchandise trade surplus was $1.1 billion in September as growth in exports, boosted by wheat and crude oil, outpaced a rise in imports.

Rate announcement

The Bank of Canada will make its final scheduled interest rate announcement for the year on Wednesday. The rate announcement will be followed by a speech by Bank of Canada deputy governor Sharon Kozicki in Montreal on Thursday.

Laurentian Bank results

Laurentian Bank will release its fourth-quarter and full-year results on Friday. Canada’s big banks have presented a mixed bag of fourth-quarter results so far this year as they prepare for an expected economic slowdown in the year ahead.

This report by The Canadian Press was first published Dec. 4, 2022.

Companies in this story: (TSX:LB, TSX:L, TSX:EMP.A)

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