TORONTO — Five things to watch for in the Canadian business world in the coming week:
The Toronto Stock Exchange has been under pressure in recent weeks with the S&P/TSX composite well off the highs it reached as recently as last month. Investors will be watching to see if the sell-off continues or if the stock market finds some stability this week.
The Canadian Real Estate Association is expected to release its latest figures for home sales on Monday when the Canada Mortgage and Housing Corp. is also set to release its April figures for housing starts. Housing has been a key sector for the economy in recent years, but as interest rates rise the real estate market is expected to cool.
Enbridge chief executive Al Monaco will hold a conversation with Brian Tobin, vice-chair at BMO Financial Group, at a Canadian Club event in Toronto on Wednesday. Enbridge said earlier this month that it would accelerate investments in low-carbon technologies as the war in Ukraine drives global concerns about energy supply and security.
Statistics Canada will release its reading for April inflation on Wednesday. The agency's consumer price index posted a year-over-year increase of 6.7 per cent in March, the fastest pace since January 1991.
Thursday will be a busy day for corporate earnings. Canada Goose Holdings Inc. and Lightspeed Commerce Inc. are both expected to report their latest quarterly results on Thursday. CAE Inc. and, ATS Automation Tooling Systems Inc. and Héroux-Devtek Inc. also report the same day.
This report by The Canadian Press was first published May 15, 2022.
Companies in this story: (TSX:GOOS, TSX:LSPD, TSX:CAE, TSX:ATA, TSX:HRX)
The Canadian Press