In the upcoming week, Canadian businesses and financial markets will focus on several key developments that could impact the economic landscape in the nation. Here are the five main areas to watch.

U.S. Trade Issues

U.S. trade relations will remain at the forefront as tensions persist, particularly after U.S. President Donald Trump issued a warning last week about imposing a 35 percent tariff on goods imported from Canada. With a looming deadline of August 1 for a new trade agreement, both countries are engaged in negotiations to address these issues. The potential tariffs could significantly affect Canadian exporters and the broader economy, making this a critical situation to monitor.

Hudson's Bay Company (HBC)

This Tuesday, Hudson's Bay is scheduled to return to court in a significant legal proceeding. One of the retailer's primary lenders, Restore Capital LLC, is seeking to terminate an arrangement related to the sale of up to 25 of HBC's leases to a British Columbia billionaire. Furthermore, the lender will request a court-appointed "super monitor" to impose additional oversight on the department store chain as it continues its wind-down operations. This legal battle underscores the challenges facing traditional retail in Canada.

Inflation Update

Statistics Canada will release its latest consumer price index on Tuesday, offering insights into inflation trends. This report will be particularly crucial as it precedes the Bank of Canada’s interest rate announcement and monetary policy report, scheduled for July 30. In May, the annual inflation rate was reported at 1.7 percent, and analysts will be keenly interested in whether this figure has changed, as it will influence the Bank of Canada's future monetary policy decisions.

Home Sales Data

The Canadian Real Estate Association will also unveil home sales figures for June this Tuesday, alongside its latest quarterly forecast. Last month, home sales experienced a 4.3 percent decline compared to the previous year, although there was a notable 3.6 percent increase on a seasonally adjusted basis compared to April 2025. This marks the first national month-over-month increase in home sales in over six months, which may indicate a potential stabilization in the housing market.

Cogeco Financial Results

Following the market closing on Tuesday, Cogeco Inc. and Cogeco Communications Inc. are expected to announce their third-quarter financial results. Earlier this year, Cogeco expressed its intention to diversify by offering mobile services in Canada and reported that it has started enrolling customers from its existing subscriber base in other services. Investors will be closely analyzing these results for indications of the company's growth prospects and market strategy.

Overall, these developments present critical insights into the state of Canada's economy, trade relations, and market trends, highlighting the interconnected nature of global and domestic factors impacting Canadian businesses.