Here are five things to look for in Canadian business this week:
The country’s finance minister is expected to deliver a speech to the Economic Club of Canada in Toronto on Wednesday. Oliver has pledged to deliver a balanced budget, but revealed little else when he announced the date last week. Watch the speech for any details about what Oliver might have in store on April 21.
HUDSON BAY CO. EARNINGS
The Canadian retail sector has had a rough start to the year. Target and Future Shop were the biggest names to announced their closing, but they weren’t alone. Investors will be looking to see how the country’s oldest retailer (TSX:HBC) fared when it reports its results on Tuesday.
Two of Canada’s major media companies will report their financial results on Thursday. Results from both Postmedia Network Inc. (TSX:PNC.B), owner of the National Post and various other newspapers, and cable channel owner Corus Entertainment (TSX:CJR.B) will provide some insight into whether the sluggish advertising market is showing any signs of recovery.
The health of Canada’s real estate market is always the focus of much attention. Statistics Canada is expected to deliver the latest numbers on building permits and its new housing price index for February on Thursday. Meanwhile, Canada Mortgage and Housing Corp. will release preliminary housing start numbers for March on Friday.
Statistics Canada delivers its labour force survey for March on Friday. The numbers will provide a key piece of information about how the economy fared in the first quarter. Bank of Canada governor Stephen Poloz has warned the quarter would be “atrocious,” but many private sector economists have suggested it might not be quite that bad.