TORONTO — Five things to watch for in the Canadian business world in the coming week:
Statistics Canada will release wholesale trade and manufacturing numbers for November on Tuesday. The federal agency said wholesale sales rose 1.0 per cent to $63.8 billion in October, more than offsetting a 0.7 per cent decline in September.
CP Rail releases its fourth-quarter results on Wednesday. Analysts said both CP and rival CN Rail are well positioned to weather potential economic headwinds and the U.S.-China trade war as ongoing investments in new cars and track bolster crude-by-rail and commodities shipments.
Statistics Canada will release retail trade figures for November on Wednesday. Retail sales increased 0.3 per cent to $51.0 billion in October, topping expectations for an increase of 0.4 per cent.
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CIBC’s Annual Whistler Institutional Investor Conference kicks off on Wednesday. CIBC decided to cancel the oil and gas part of the conference after Whistler town council took part in a letter-writing campaign in December demanding oil companies compensate it for its costs related to climate change. The mayor subsequently apologized.
Rogers Communications releases fourth-quarter results on Thursday. Strong wireless results helped Canada’s second-largest telco beat analyst expectations in the third quarter and raise its full-year outlook.
The Canadian Press