TORONTO In the upcoming week, several significant developments are anticipated in the Canadian business landscape.
Carney in China
This week, Prime Minister Mark Carney will embark on a pivotal trip to China, marking the first visit by a Canadian prime minister since 2017. During his visit, he is scheduled to meet with China's President Xi Jinping. Following his discussions in China, Carney will travel to Doha, Qatar, on January 18, before attending the World Economic Forum meeting in Davos, Switzerland, on January 19. This visit underscores the importance of Canada-China relations amidst global economic uncertainties.
Corus Results
On Wednesday morning, Corus Entertainment Inc. is set to announce its first-quarter financial results. The company will follow the report with a conference call that invites financial analysts and investors to engage with its management team. This release precedes a significant vote on January 30, where shareholders and senior noteholders will consider a proposed recapitalization plan for the broadcaster, making it a crucial time for Corus as it navigates its financial strategies.
Telecom Complaints Report
Also on Wednesday, the Commission for Complaints for Telecom-television Services is poised to release its annual report. This document provides a comprehensive tally of complaints filed by customers against Canada’s telecommunications companies, highlighting consumer sentiment and service quality within the industry. The findings may impact public perception and regulatory discussions surrounding telecom operations in Canada.
Housing Data
This week will also feature essential updates regarding the Canadian housing market. The Canadian Real Estate Association is expected to release its monthly statistics for December on Thursday, which will offer insights into market trends. Additionally, the Canada Mortgage and Housing Corp. will provide its latest reading on housing starts on Friday. These reports aim to paint a clearer picture of the housing sector amidst ongoing economic challenges.
Manufacturing and Wholesale Trade
On Thursday, Statistics Canada will unveil two significant reports that are expected to shed light on the country’s economic performance in the fourth quarter. The agency's monthly survey will showcase figures related to manufacturing and wholesale trade for November. These statistics are crucial for economists and policymakers as they assess the overall health of the Canadian economy in the face of shifting market conditions.
This highlights a busy week in Canadian business, filled with important announcements, meetings, and data releases that could shape future market and economic policies.
