Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference at the Bank of Canada in Ottawa on Wednesday, Oct. 23, 2024. THE CANADIAN PRESS/Sean Kilpatrick
TORONTO— Five Key Canadian Business Events to Watch This Week
Macklem’s Address to Parliament
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are set to appear before the House of Commons Standing Committee on Finance this Tuesday. They will also be at the Standing Senate Committee on Banking, Commerce and the Economy on Wednesday.
Parkland Corp. Earnings Release
Parkland Corp. will share its latest earnings results after the markets close on Wednesday, followed by a conference call on Thursday morning. The company, which has faced pressure from its largest shareholder Simpson Oil Ltd. and activist investor Engine Capital LP to explore strategic options, recently announced plans to sell its Florida-based retail and commercial operations as part of a move to shed non-core assets.
August GDP Report
Statistics Canada will release its August GDP by industry report on Thursday, along with an early estimate for September. This update will provide insights into how the economy performed in the third quarter, following initial data that suggested minimal growth in August.
Enbridge Inc. Quarterly Earnings
Enbridge Inc. is expected to release its third-quarter earnings and host a conference call with analysts on Friday. The energy company recently committed to a US$700 million investment to build new oil and gas pipelines in the Gulf of Mexico, supporting BP Exploration & Production Co.’s Kaskida development.
Imperial Oil’s Results
Imperial Oil Ltd. will publish its third-quarter results and host an analyst call on Friday morning. This follows a recent $50,000 fine issued in August by Alberta’s energy regulator after an investigation revealed that oilsands tailings seeped beyond the company's leased area in 2022, violating environmental regulations.
