Five things to watch out for in the Canadian business world over the next week:
EARN MONEY BANK
Canada’s major banks will report earnings this week, with Scotiabank kicking off on Tuesday, followed by RBC and National Bank on Wednesday, CIBC and TD Bank on Thursday, and BMO on Friday. Banks are expected to announce a dividend increase, after the Office of the Directors of Financial Institutions lifted pandemic-related restrictions on November 4 that had prevented banks and insurers Federally administered insurance increases dividends and repurchases stock.
GDP DATA Q3
Statistics Canada is scheduled to release gross domestic product figures for September and the third quarter on Tuesday. The agency’s initial estimate on October 29 showed the economy growing at an annualized rate of 1.9% this quarter as it recovered from a recession in the second quarter.
FULL ENERGY TC
TC Energy is scheduled to host a virtual investor day on Wednesday. The pipeline giant announced on November 23 that it is officially seeking to recover more than $15 billion in “economic losses” from the US government following President Joe Biden’s decision to cancel the license. key president for the Keystone XL cross-border expansion project when he took office in January.
NOVEMBER HOME SALE
November home sales figures for Calgary, Vancouver and Toronto are expected to be released on Wednesday, Thursday and Friday, respectively. The Canadian Real Estate Association said on November 15 that nationwide home sales had seen their biggest monthly gain since July 2020 in October, even as new listings fell by about 20% more than a year ago.
NOVEMBER JOB NUMBER
Statistics Canada will release its workforce survey for November on Friday. The agency previously reported that adding 31,000 jobs in October lowered the unemployment rate to 6.7%, down from 6.9% in September. Economists have warned that Increasing can become increasingly difficult.
This Canadian Press report was first published on November 28, 2021.