Five things to watch for in the Canadian business world in the coming week
Written by The Canadian Press on June 4, 2023
TORONTO — Five things to watch for in the Canadian business world in the coming week:
Bank of Canada
The Bank of Canada will release its latest interest rate decision on Wednesday followed by a speech by deputy governor Paul Beaudry on Thursday. The rate decision comes after reports last month that inflation ticked higher in April and economic growth was more than expected for the first quarter of the year.
Statistics Canada will release its international merchandise trade figures for April on Wednesday. Canada posted a merchandise trade surplus in March of $972 million as imports fell 2.9 per cent to $62.6 billion and exports declined 0.7 per cent to $63.6 billion.
Dollarama results and meeting
Dollarama Inc. will release its first-quarter results and hold its annual shareholder meeting on Wednesday. The retailer saw a surge in sales in its fourth quarter as inflation sent shoppers looking for deals.
Saputo Inc. will release its fourth-quarter and full-year results after the close of financial markets on Thursday followed by a conference call with investors and analysts on Friday morning. The company signed a deal in April to sell two milk processing plants in Australia to supermarket giant Coles Group Ltd. in a bid to streamline its operations and allow it to reinvest in other areas of its business.
Statistics Canada will release its labour force survey for May on Friday. The Canadian economy added 41,000 jobs in April, with all of the gains made in part-time work, while the unemployment rate held steady at 5.0 per cent for the fifth consecutive month.
This report by The Canadian Press was first published June 4, 2023.
Companies in this story: (TSX:DOL, TSX:SAP)
The Canadian Press