TORONTO — Five things to watch for in the Canadian business world in the coming week:
Bank earnings
The parade of first-quarter results from Canada's big banks picks up this week with BMO Financial Group and Scotiabank reporting on Tuesday. Royal Bank of Canada and National Bank of Canada are scheduled to report their results on Wednesday and TD Bank Group is expected to release its results on Thursday.
GDP results
Statistics Canada will release Tuesday its figures for real gross domestic product for December and the fourth quarter. The agency's preliminary estimate indicated the economy neither grew nor contracted in December, suggesting the economy grew at an annualized rate of 1.6 per cent in the fourth quarter of 2022.
Home sales
Home sales figures for some of Canada's biggest cities are expected this week. Calgary is expected to release its February sales figures on Wednesday followed by Vancouver on Thursday. Toronto is expected to release its sales numbers for February on Friday.
Enbridge presentation
Enbridge Inc. will hold its annual investor day on Wednesday, when it will review its strategic plan, business unit priorities and financial outlook. The company said earlier this month that negotiations to settle on a new tolling plan for its Mainline pipeline system are progressing, but declined to say when it expects an agreement will be reached.
Canadian Natural results
Canadian Natural Resources Ltd. will issue its fourth-quarter results before market open on Thursday and hold a conference call with investors and financial analysts. The company announced in November a capital budget of about $5.2 billion for 2023 including $4.2 billion in base capital and approximately $1.0 billion in strategic growth capital.
This report by The Canadian Press was first published Feb. 26, 2023.
Companies in this story: (TSX:RY, TSX:TD, TSX:BMO, TSX:BNS, TSX:NA, TSX:ENB, TSX:CNQ)
The Canadian Press
