Five things to watch out for in the Canadian business world over the next week:
Canadian Pacific executives are expected to speak at BMO Capital Markets’ ESG and Growth Conference 2021 on Tuesday. Railroad is currently suing the province of Saskatchewan for $341 million over a clause in an outdated contract stating that John A. Macdonald was prime minister and Saskatchewan was not yet a province.
Interest rate decision:
The Bank of Canada will announce its decision on its overnight rate target on Wednesday. The central bank’s move in October to end pandemic-induced government bond purchases to stimulate the economy and warn of earlier-than-expected rate hikes, colored for federal efforts to develop an annual plan for debt management.
Results of Empire Co.
Parent company Sobeys Empire Co. will announce its second-quarter results on Thursday. Recent earnings from rivals Loblaw Co. Ltd and Metro Inc. shows a glimpse of inflationary pressures and labor challenges facing the grocery industry. This situation is expected to lead to higher food prices and short-lived shortages of some specials on store shelves, suggesting the pandemic could have a lasting impact on grocery stores. .
Income from Lululemon:
Lululemon Athletica Inc. will release its third-quarter financial results on Thursday. Last week, the Vancouver-based sportswear retailer sued gym equipment company Peloton Interactive Inc.
Transat AT is scheduled to hold a call to discuss its fourth-quarter results on Thursday. The airline, along with other incumbents, is expected to see increased competition from low-cost carriers like Flair, Lynx and Swoop after longstanding barriers to entry wiped out by the COVID-19 pandemic.
This Canadian Press report was first published on December 5, 2021.