Five things to watch for in the Canadian business world in the coming week
Written by The Canadian Press on June 26, 2022
TORONTO — Five things to watch for in the Canadian business world in the coming week:
Stock markets have been on a wild ride in recent weeks as they have come off their highs of earlier this year amid higher interest rates, growing inflation and fears of a possible recession. Investors will be watching to see what this week will bring as markets head into what is traditionally the slower summer months.
Kinross Gold Corp. is expected to hold a virtual review session Tuesday regarding its Great Bear project in Ontario, its Manh Choh project in Alaska and its Curlew exploration project in Washington. The gold miner completed the sale of its Russia assets earlier this month for US$340 million, half of what it had negotiated earlier, after Russian authorities capped the price.
Alimentation Couche-Tard Inc. will release its fourth-quarter results after the close of financial markets on Tuesday and hold a conference call with financial analysts on Wednesday morning. Last month, the company said it deployed the first of hundreds of electric vehicle fast chargers that will be available at 200 locations across North America over the next two years.
Statistics Canada will give a glimpse of how the economy started the second quarter on Thursday. The agency is scheduled to release gross domestic product by industry figures for April. Its early estimate pointed to an increase of 0.2 per cent for the month compared with a rise of 0.7 per cent in March.
Canada Day holiday
It will be a shortened trading week. Canadian markets will be closed Friday for Canada Day, however U.S. markets will be open.
This report by The Canadian Press was first published June 26, 2022.
Companies in this story: (TSX:K, TSX:ATD)
The Canadian Press