Canadian Business Week Ahead: Key Events to Watch
TORONTO – The Canadian business landscape is set for a busy week, with key economic data releases, earnings reports, and a crucial union vote poised to shape market sentiment. Here’s a breakdown of five developments to monitor:
Couche-Tard Earnings: Alimentation Couche-Tard Inc. will announce its first-quarter fiscal results on Tuesday after market close. The Quebec-based convenience store giant recently ended a year-long pursuit of Seven & i Holdings Co. Ltd., the parent of 7-Eleven, citing a lack of engagement from the Japanese company regarding a potential deal.
Housing Market Data: August’s real estate figures will be released throughout the week, starting with Calgary on Tuesday. Vancouver’s data is expected Wednesday, followed by the Greater Toronto Area on Thursday, offering a snapshot of current trends in home sales, listings, and pricing.Scotiabank Financials Summit: Industry leaders will gather Wednesday for the 26th annual Scotiabank Financials Summit. Scotiabank president and CEO Scott Thomson will participate in a question-and-answer session, alongside executives from other major financial services companies discussing strategies and trends.
Labor Force Survey: Statistics Canada’s labour force survey for August will be published Friday. July saw a loss of 41,000 jobs, while the unemployment rate remained steady at 6.9 per cent.
Air Canada Contract Vote: Flight attendants at Air Canada will conclude voting on a new contract this Saturday at 3 p.m. ET.The tentative agreement, which averted a strike, includes wage increases and a pay structure for ground time. Should the deal fail ratification, most terms will proceed to a new collective agreement, with wage disputes heading to arbitration.