Five Things to Watch for in the Canadian Business World This Week
Key Highlights :
As the Victoria Day holiday approaches, the Canadian business world is buzzing with activity. From major bank earnings to a BlackBerry investor presentation, here are five key things to watch for in the coming week.
1. Victoria Day Holiday: Canadian stock markets will be closed on Monday for the Victoria Day holiday. However, trading in the U.S. will be open, leaving Canadian markets to play catch up on Tuesday.
2. BlackBerry Investor Presentation: On Tuesday, BlackBerry is set to hold an event focused on retail shareholders. Mattias Eriksson, president of BlackBerry IoT, and John Giamatteo, president of BlackBerry Cybersecurity, are expected to take questions. The company announced a review of strategic alternatives earlier this month that could see it break up its operations.
3. Big Bank Earnings: Canada's big banks will begin reporting their second-quarter results on Wednesday. Scotiabank and Bank of Montreal will report their earnings first, followed by CIBC, Toronto-Dominion Bank, and Royal Bank of Canada on Thursday.
4. CPP Results: CPP Investments, the country's largest pension fund manager, is scheduled to release its latest results and annual report on Wednesday morning. The fund invests the assets of the Canada Pension Plan that aren't currently needed to pay benefits.
5. Metro CEO Speech: Metro chief executive Eric La Flèche will give a speech to the Canadian Club of Montreal on Thursday. He is expected to talk about its acquisition of the Jean Coutu Group in 2018 and his vision for the company.
The Canadian business world is constantly evolving, and it's important to stay informed of the latest developments. By keeping an eye on these five things to watch for in the coming week, you can ensure you're up to date on the latest news and trends.
