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The Week Ahead in Business
Bank of Canada policy, five major earnings reports and fresh GDP data will test the outlook for growth and borrowing costs.
On Monday, Canadian investors prepare for a busy week featuring The Bank's interest rate decision on Wednesday and GDP Statistics Canada economic figures on Friday, alongside numerous corporate earnings reports.
The Bank will release its interest rate decision and fall monetary policy report on Wednesday, with financial markets betting there is a good chance the central bank will raise its key interest rate target from 2.25 per cent.
Celestica Inc. reports results Monday, followed by Precision Drilling Corp. on Tuesday; Agnico Eagle Mines Ltd. and Canadian Pacific Kansas City Ltd. report Wednesday, while Restaurant Brands International Inc., Air Canada, and TMX Group Ltd. are scheduled for Thursday.
Canada will host a Canada-EU Summit in Montreal starting Thursday, as Prime Minister Mark Carney pursues closer European ties, including a potential associate member status proposed by European Commission President Ursula von der Leyen.
Galen Weston, chairman of Loblaw Cos. Ltd. and CEO of George Weston Ltd., will address the Canadian Club Toronto on Friday to discuss the erosion of trust in the private sector and its role in Canadian prosperity.