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

Written by on November 27, 2022

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

Bank earnings

Canada’s big banks will report their fourth-quarter and full-year financial results this week. Scotiabank is scheduled to report its results on Tuesday followed by Royal Bank of Canada and National Bank on Wednesday. CIBC, Bank of Montreal and TD Bank are set to report their results on Thursday.

GDP results

Statistics Canada will release its latest figures for gross domestic product for September and the third quarter as a whole on Tuesday. The agency’s initial estimate for the third quarter pointed to growth at an annualized rate of 1.6 per cent for the July-to-September period. 

Suncor investor presentation

Suncor Energy Inc. will hold an investor presentation in Toronto on Tuesday. The company says it will focus on the results of a review of its retail assets, provide updates on production and operational actions, and a discussion of 2023 guidance.

Home sales

Home sales figures for November will start coming out this week. The Calgary Real Estate Board is expected to release its November figures on Thursday, while the Real Estate Board of Greater Vancouver is expected to release its figures on Friday.

Job numbers

Statistics Canada will release its labour force survey for November on Friday. The agency reported the Canadian economy added 108,000 jobs in October as the unemployment rate held steady at 5.2 per cent.

This report by The Canadian Press was first published Nov. 27, 2022.

Companies in this story: (TSX:SU, TSX:BNS, TSX:NA, TSX:RY, TSX:BMO, TSX:CM, TSX:TD)

The Canadian Press