TORONTO – Five things to watch for in the Canadian business world in the coming week:
Bank annual meetings
The annual shareholder meetings for Canada’s big banks continue this week with Bank of Montreal holding its gathering on Wednesday and Toronto-Dominion Bank on Thursday. The federal government raised taxes on the country’s big banks and life insurance companies in the budget last week.
The Bank of Canada will release Wednesday its interest rate decision and latest monetary policy report, which will include its outlook for the economic growth and inflation. The C.D. Howe Institute’s monetary policy council has called on the central bank to raise its key interest rate target by half a percentage point to 1.00 per cent.
Cogeco Inc. and Cogeco Communications Inc. will release their second-quarter results after the close of trading on Wednesday and hold a conference call with financial analysts on Thursday. Cogeco provides internet, video and phone services to 1.6 million residential and business customers in Quebec and Ontario in Canada as well as in 12 states in the United States.
Statistics Canada will release its monthly survey of manufacturing and wholesale trade figures for February on Thursday. In a preliminary figure for February last month, Statistics Canada estimated that real gross domestic product for the month grew 0.8 per cent as many of the sectors that were down in January rebounded a month later.
Markets closed for Good Friday
The Toronto Stock Exchange is closed for trading on Friday for the Good Friday holiday. The New York Stock Exchange and Nasdaq market will also be closed.
This report by The Canadian Press was first published April 10, 2022.
Companies in this story: (TSX:BMO, TSX:TD, TSX:CGO, TSX:CCA)
Note to readers: This is a corrected story. An earlier version incorrectly stated the release date for Canadian Real Estate Association’s home sales figures.
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