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Five things to watch for in Canadian business this week

Ahead this week: All eyes on the Bank of Canada amid concerns Canada has fallen into recession


 

BoC Policy Report 20150121

TORONTO — Here are five things to look for in Canadian business this week:

Babine inquest

The inquest into an explosion at a Babine Forest Products sawmill kicks off in Burns Lake, B.C., on Monday. Two men were killed and 20 others were injured in January 2012 when the mill caught fire and exploded.

Environment

Environment Minister Leona Aglukkaq will be in Boston on Tuesday to attend the two-day Council of the Commission for Environmental Co-operation. The meeting is aimed at discussing strategies to help communities in Canada, Mexico and the U.S. adapt to climate change.

Interest rates

On Wednesday, the Bank of Canada announces its decision on its bench-setting interest rate while also releasing its quarterly update on the Canadian economy. Bank of Canada governor Stephen Poloz will hold a news conference to explain the bank’s actions amid concerns the country has fallen into recession.

Corus

Also on Wednesday, media and entertainment company Corus Entertainment Inc. holds a conference call to discuss third-quarter results. Corus has faced pressure from a slow advertising market and various shifts in consumer habits. On the television side, cable companies have seen a growing number of subscribers cancel their packages, which doesn’t bode well for Corus’ speciality TV assets.

Premiers

The provincial and territorial premiers begin a two-day meeting in St. John’s, Newfoundland and Labrador, on Thursday. Climate change and Canada’s sputtering economy are expected to top the agenda.

 


 
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