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Five things to watch for in the Canadian business world in the coming week – CP

by ahnationtalk on July 17, 201725 Views

Source: The Canadian Press
Jul 16, 2017

TORONTO _ Five things to watch for in the Canadian business world in the coming week:

Premiers meeting: Canada’s premiers will get together beginning Monday in Edmonton for their annual meeting, where there is no shortage of topics to discuss. NAFTA renegotiations, the softwood lumber dispute and pipelines are just a few of the issues on the minds of the provincial and territorial leaders _ and they can make for some difficult conversations.

Speaking of premiers: John Horgan and his cabinet will be sworn in on Tuesday in Victoria. British Columbia’s premier-designate has so far not laid out specifically how he would stop Kinder Morgan’s Trans Mountain expansion, one of many issues the business community will be watching for.

What the Sears? The national retailer rolled that slogan out late last year, but now that could serve as a rallying call for laid off workers angry that they lost severance payments as the company undergoes restructuring. Sears Canada returns to court Tuesday in Toronto, where it’s expected to argue its case to begin liquidation sales by Friday.

Inflated importance: Statistics Canada releases the latest inflation figures Friday. The data will be scrutinized, particularly after the Bank of Canada, in justifying its decision to raise the interest rate, said last week it believes the softness in inflation is temporary. The central bank’s inflation target is two per cent, and in May it was 1.3 per cent.

The bottom line: There are a few corporate notables on the earnings front this, including Rogers (TSX:RCI.B), Canadian Pacific Railway (TSX:CP), Encana (TSX:ECA) and Husky Energy (TSX:HSE).



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