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Five Key Developments to Monitor in the Canadian Business World Next Week

By

Eric Joseph Gomes

-

03/07/2023

173

Five Key Developments to Monitor in the Canadian Business World Next Week: Canada Day falls on a Saturday this year, so Canadian markets are closed on Monday. The U.S. stock markets are open on Monday, but will shut early in anticipation of the July 4 holiday and will be closed on Tuesday, the actual holiday.

Five Key Developments to Monitor in the Canadian Business World Next Week

Home purchases

This week, the latest property sales figures for some of Canada’s largest cities are anticipated. Vancouver and Calgary are expected to release their June sales figures on Tuesday, while Toronto is anticipated to do so on Thursday.

Trade numbers

Thursday, Statistics Canada will release its international merchandise trade data for the month of May. In April, Canada’s merchandise trade surplus increased to $1,9 billion due to increased exports of gold, oil, and automobiles and light vehicles.

Richelieu results

On Thursday, Richelieu Hardware Ltd. will release its results for the second quarter and conduct a conference call with investors and analysts. Additionally, the importer, manufacturer, and wholesaler of specialty hardware will discuss its outlook for the remainder of the year.

Job figures

Statistics Canada will release its most recent snapshot of the national employment market on Friday, when it releases its labour force survey for June. Prior to the Bank of Canada’s next interest rate decision on July 12, the significant economic report is released.

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