Here are five things to look for in Canadian business this week:
Alberta: Canada’s business community will be watching closely on Monday as oil-rich Alberta’s new NDP government kicks of the next session of the provincial legislature with its first throne speech outlining its course of action for the coming year. While campaigning, Premier Rachel Notley pledged to increase corporate tax rates and to hike the minimum wage, and she’s suggested her government will begin to make good on those promises.
Democracy Summit: The two-day Global Summit on Funding Democracy kicks off in Ottawa on Tuesday to delve into fair taxation, anti-corruption measures, whistleblower protection and fair trade.
StatsCan: There are a slew of releases this week from the federal agency, including Monday’s survey of manufacturing for April, the wholesale trade figures for April on Wednesday, employment insurance figures for the same month on Thursday and the key inflation indicator, the consumer price index for May, on Friday.
Renminbi: In Vancouver on Tuesday, experts gather at the Pacific Finance Summit. The conference will outline how Canada’s financial sector and business leaders can capitalize on the country’s new status as a clearing hub for China’s currency.
CNQ: On Wednesday, energy giant Canadian Natural Resources Ltd. discusses its strategy in the aftermath of the election of the NDP government in Alberta. The conference call is in place of the company’s recently cancelled investor day, which it scrubbed due to what it described as uncertainly over the government’s review of royalty, taxation, environmental and greenhouse gas policies in the province.