Five things to watch for in the Canadian business world in the coming week:
Cannabis earnings
A pair of companies in the cannabis sector report their results this week. Aurora Cannabis Inc. and High Tide Inc. will release their latest quarterly results on Wednesday. Cannabis companies have been under pressure as they continue to fight for market share with the illicit market that has continued to have a significant hold on consumers.
Household debt
Statistics Canada will release its national balance sheet and financial flow accounts for the first quarter on Wednesday. The report will include the much-watch household-debt-to-income figure. How much Canadians owe and how they are handling their debt has been a key concern as interest rates have risen.
Housing market
Two key data points for the housing market are expected on Thursday. The Canadian Real Estate Association is set to release its May housing sales figures, while Canada Mortgage and Housing Corp. will release its housing starts data for the same month.
Canadian Pacific Kansas City meeting
Canadian Pacific Kansas City Ltd. will hold Thursday its first combined annual shareholder meeting since Canadian Pacific Railway and Kansas City Southern Railway completed their merger earlier this year. The company operates a network of 33,000 kilometres of rail that stretches from Vancouver and Saint John, N.B., to Houston and Mexico City, reaching the Gulf of Mexico and the Pacific Ocean.
Economic data
The picture of how the economy kicked off the second quarter will become a little clearer this week with two reports from Statistics Canada. The agency will release its monthly survey of manufacturing for April on Thursday, followed by its wholesale trade report for the same month on Friday.
This report by The Canadian Press was first published June 11, 2023.
Companies in this story: (TSX:ACB, TSX:CP)
The Canadian Press
