WestJet CEO Alexis von Hoensbroech is shown at the airline's headquarters in Calgary, Thursday, June 30, 2022. The CEO will give a speech to the Calgary Chamber of Commerce on Wednesday. The airline chief is expected to offer a progress report on the company's growth strategy.THE CANADIAN PRESS/Jeff McIntosh
Toronto: Keep an eye on the following Canadian Business Sector next week
Inflation Update:
Statistics Canada is set to reveal its consumer price index for April on Tuesday. This update follows a slight uptick in the annual inflation rate to 2.9 percent in March from 2.8 percent in February. The April figures, indicating the pace of rising living costs, will be under close scrutiny by the Bank of Canada in anticipation of its interest rate decision slated for June 5.
Suncor Presentation:
Suncor Energy Inc. is planning a webcast to outline its near-term business outlook. Earlier this month, the company announced its leasing and operation of several Aframax oil tanker ships to transport crude from the recently completed Trans Mountain pipeline expansion to Pacific markets. The expansion of the Trans Mountain pipeline officially launched at the beginning of May.
WestJet CEO Speech:
WestJet Group CEO, Alexis von Hoensbroech, is scheduled to address the Calgary Chamber of Commerce on Wednesday. Market watchers anticipate a status update on the airline's growth strategy as the speech precedes the upcoming busy summer travel season.
CPP Investments Performance:
The Canada Pension Plan Investment Board is expected to unveil its year-end results and annual report on Wednesday. Managing investments for the Canada Pension Plan and its extensive network of over 22 million contributors and beneficiaries, the board oversees a fund totaling $590.8 billion as of December 31, 2023.
TD Bank Earnings Release:
TD Bank Group is poised to disclose its second-quarter results and conduct a conference call with investors and financial analysts on Thursday morning. This announcement comes amid ongoing scrutiny as the major Canadian bank faces a U.S. investigation concerning the alleged laundering of profits from illicit fentanyl.
