TORONTO — Five things to watch for in the Canadian business world in the coming week:
Outlook survey
The Bank of Canada will release its business outlook survey and Canadian survey of consumer expectations on Monday. The reports come ahead of the central bank's next interest rate decision and monetary policy report set for Oct. 26.
CannTrust case
A Toronto court will hear opening arguments Monday in a case against three former CannTrust Holdings Inc. leaders accused of securities offences. The charges were first laid by the Ontario Securities Commission in June 2021, roughly three years after CannTrust was found to be growing thousands of kilograms of cannabis in unlicensed rooms.Â
Inflation report
Statistics Canada will release its latest reading on inflation on Wednesday when it releases its consumer price index for September. Lower gas prices helped the annual inflation rate slow to seven per cent in August compared with 7.6 per cent in July.
Retail sales
The picture of how the economy fared in August will become a little clearer after Statistics Canada releases its retail trade figures for the month on Friday. Retail sales in July were down 2.5 per cent at $61.3 billion in July as sales at gasoline stations and clothing and clothing accessories stores fell.
Corus results
Corus Entertainment Inc. will report its fourth quarter and full-year results on Friday and hold a conference call with analysts and investors. For its third quarter, Corus said its net income attributable to shareholders totalled $29.6 million or 14 cents per diluted share on $433.5 million in revenue compared with a profit of $40.7 million or 19 cents per diluted share on $403 million in revenue a year earlier.
This report by The Canadian Press was first published Oct. 16, 2022.
Companies in this story: (TSX:CJR.B)
The Canadian Press
