TORONTO – In the upcoming week, the Canadian business sector will witness several significant events, including financial results from major corporations, a key speech from the Governor of the Bank of Canada, and a national jobs report.
Suncor Energy Inc. Results
Suncor Energy Inc. is scheduled to release its fourth-quarter financial results on Tuesday. Following the announcement, the company will host a conference call for analysts on Thursday morning. Notably, Suncor has outlined its capital budget for 2026, setting it at $5.6 billion to $5.8 billion, which is slightly lower than the $5.7 billion to $5.9 billion target set for 2025. This financial reporting is crucial for investors seeking to gauge the company's performance amidst fluctuating energy prices and market conditions.
Bank of Canada Governor Tiff Macklem's Speech
On Thursday, Tiff Macklem, the Governor of the Bank of Canada, will present a speech to the Empire Club of Canada in Toronto. This comes following the central bank's decision to maintain its policy interest rate at 2.25 percent during its latest rate announcement. Governor Macklem's address is highly anticipated as it will provide insights into the Bank's perspective on current economic challenges, including unpredictable U.S. trade relations and elevated geopolitical risks. Such discussions are pivotal for economic stakeholders, as they influence policy direction and investor confidence.
BCE Inc. Financial Report
BCE Inc., one of Canada's largest telecommunications companies, will also publish its fourth-quarter results on Thursday morning before market opening, followed by a conference call with analysts. The company has experienced notable success with its Crave streaming service, particularly with its original series "Heated Rivalry," which focuses on the lives of gay hockey players and has garnered significant attention worldwide. The performance of BCE's media segment is particularly relevant as the industry adapts to changing consumer habits in the streaming landscape.
Barrick Gold Corporation Results
Barrick Gold Corporation is set to report its fourth-quarter financial results on Thursday as well. The company will hold a conference call with analysts beforehand. Late last year, Barrick announced that it was exploring an initial public offering (IPO) for a subsidiary that would encompass its North American gold assets. This initiative highlights Barrick's focus on leveraging its joint venture interests in Nevada Gold Mines and the Pueblo Viejo mine in the Dominican Republic, alongside its wholly-owned Fourmile gold discovery in Nevada. Investors will be keen to hear about Barrick's future plans and operational performance within the mining sector.
Statistics Canada Jobs Report
Finally, Statistics Canada will release its latest labour force survey on Friday, providing crucial insights into the country's job market for January. This report follows the Canadian economy's addition of 8,200 jobs in December, despite an uptick in the unemployment rate to 6.8 percent. Labor market data is vital for policymakers and economists, as it reflects economic health, consumer confidence, and can influence future monetary policy decisions.
This upcoming week will indeed be pivotal for several key players in the Canadian business landscape, shaping economic discussions and influencing market reactions.
