5 issues to observe for within the Canadian enterprise world within the coming week – Enterprise Information
This week in enterprise
The Canadian Press – Oct 24, 2022 / 6:06 am | Story: 392258
Picture: The Canadian Press
5 issues to observe for within the Canadian enterprise world within the coming week:
The Financial institution of Canada will launch its newest rate of interest determination and financial coverage report on Wednesday. The central financial institution is extensively anticipated to boost its key rate of interest goal because it continues its combat to carry inflation beneath management, however forecasters differ on how huge of a rise will probably be.
Shopify Inc. will launch its third-quarter monetary outcomes earlier than markets open on Thursday and maintain a convention name with traders and analysts. The corporate, which reported a second-quarter lack of US$1.2 billion, laid off about 10 per cent of its employees earlier this 12 months as the quantity of purchasing folks carried out on-line fell wanting its expectations.
Teck Sources Ltd. will launch its third-quarter outcomes earlier than markets open on Thursday and maintain a convention name with traders and analysts. The miner stated earlier this month that its third-quarter steelmaking coal gross sales totalled 5.6 million tonnes, inside its revised steerage of 5.5 million to five.9 million tonnes. Its realized steelmaking coal worth within the quarter averaged US$304 per tonne.
Statistics Canada will launch its studying for actual gross home product in August on Friday. The company’s preliminary studying for the month launched final month recommended actual GDP was primarily unchanged in August as will increase in retail and wholesale commerce, in addition to in agriculture, forestry, fishing, and searching, have been offset by decreases in manufacturing and oil and fuel extraction.
Air Canada outcomes
Air Canada is predicted to launch its third-quarter outcomes and maintain a convention name with traders and analysts on Friday. The airline lately introduced new European routes and plans to renew choose routes to Japan this summer season, in an effort to broaden worldwide companies.