TORONTO — Five things to watch for in the Canadian business world in the coming week:
Early signs of how the spring real estate market is shaping up for some of Canada's biggest cities will be out this week. Calgary is expected release home sales for April on Monday, Vancouver numbers are slated to be released on Tuesday and Toronto is scheduled to release its sales numbers on Wednesday.
Bank of Canada speeches
Bank of Canada senior deputy governor Carolyn Rogers will give a speech to an event held by Women in Capital Markets in Toronto on Tuesday and deputy governor Lawrence Schembri will speak to the NACCA Indigenous Prosperity Forum on Thursday. The Bank of Canada raised its key interest rate target by half a percentage point in April to one per cent and warned more interest rate hikes are on the way.
Two big companies that help feed Canadians are set to report their results on Wednesday before the start of trading. Loblaw Companies Ltd. and Maple Leaf Foods Inc. will both report their first-quarter results. The rising cost of food has been in focus in recent months as inflation drives up the cost for Canadians to fill their baskets at the grocery store.
Shopify Inc. will release its first-quarter results before financial markets open and hold a conference call with financial analysts on Thursday. The company proposed a plan last month that would make changes to its governance structure to preserve founder and CEO Tobi Lutke's voting power.
Statistics Canada will release its labour force survey for April on Friday. The country's unemployment rate dropped to a record low in March at 5.3 per cent as the economy added 72,500 jobs.
This report by The Canadian Press was first published May 1, 2022.
Companies in this story: (TSX:L, TSX:MFI, TSX:SHOP)
The Canadian Press