TORONTO — Five things to watch for in the Canadian business world in the coming week:
Ukraine
The Russian invasion of Ukraine is expected to continue to dominate headlines this week. The price of oil and other commodities have soared since the invasion. Several Canadian companies announced plans last week to suspend or cancel operations in Russia amid growing economic sanctions on the country in a bid to punish it for its actions.
Couche-Tard results
Alimentation Couche-Tard Inc. will release its third-quarter results after the close of financial markets on Tuesday followed by a conference call with financial analysts on Wednesday. The company suspended its operations in Russia last week.
Real estate data
The Canadian Real Estate Association is expected to release its February home sales numbers on Tuesday. Sales in January were down from their record level a year earlier, but still posted their second-best showing for the month as prices soared. The report comes the same day that Canada Mortgage and Housing Corp. will release its monthly housing starts data for February.
Inflation
Statistics Canada will release its consumer price index for February on Wednesday. The annual inflation rate topped five per cent for the first time in more than 30 years when it climbed to 5.1 per cent in January, driven higher by prices for housing, gasoline and groceries.
Other economic data
Some of the finer details of how the economy fared in January will be filled out this week. Statistics Canada will release its monthly survey of manufacturing for January on Tuesday, followed by wholesale trade figures on Wednesday. The report on retail sales is expected Friday.
This report by The Canadian Press was first published March 11, 2022.
Companies in this story: (TSX:POW, TSX:ATD)
The Canadian Press
