TORONTO – Five things to watch for in the Canadian business world in the coming week:
Observers will be watching Finance Minister Chrystia Freeland for a date for the upcoming federal budget. The government spending plan comes after the minority Liberal government secured the support of the NDP last week in exchange for promises for movement on pharmacare and dental care.
Dollarama will release its financial results for its fourth quarter before the start of trading on Wednesday and hold a conference call with financial analysts. In its third quarter, the discount retailer saw its profit rise more than 10 per cent compared with a year earlier as its sales rose 5.5 per cent.
BlackBerry Ltd. will report its fourth-quarter financial results after the close of trading on Thursday and hold a conference call with financial analysts. In its third-quarter results the company said its net loss increased to US$144 million as revenues fell 32 per cent. The loss included a non-cash accounting adjustment to the fair value of the convertible debentures as a result of market and trading conditions. It also lost US$33 million on an adjusted basis, compared with an adjusted profit of US$58 million a year earlier.
Economic report card
Statistics Canada will give its reading on how the economy fared to start the year. The agency will release gross domestic product by industry figures for January on Thursday. Its preliminary estimate for January was that the economy grew 0.2 per cent. StatCan said the economy grew 4.6 per cent last year and at an annualized rate of 6.7 per cent in the fourth quarter.
Calgary home sales
The Calgary Real Estate Board is expected to release is March home sales figures on Friday. The city hit a sales record in February as the number of homes changing hands surged 80 per cent and new listings climbed 63 per cent. The average home price also rose 13 per cent to $547,720.
This report by The Canadian Press was first published March 27, 2022.
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