THE CANADIAN PRESS/Nathan Denette
In the upcoming week, there are several key events to monitor in the Canadian business world:
1. **Railway Earnings**: The two largest railway companies in Canada are scheduled to report their first-quarter financial results. Canadian National Railway Co. will release its results after the markets close on Tuesday, while Canadian Pacific Kansas City Ltd. will announce its results before markets open on Wednesday.
2. **Bank of Canada Deliberations**: On Wednesday, the Bank of Canada will publish its summary of the monetary policy discussions conducted during its recent interest rate decision. While the central bank maintained its key interest rate target at five percent, Governor Tiff Macklem hinted at the possibility of rate cuts in June.
3. **Metro Results**: Grocer Metro Inc. is set to unveil its second-quarter results and conduct a conference call with financial analysts on Wednesday morning. These results come amidst ongoing discussions surrounding a potential grocery code of conduct, as the industry faces scrutiny due to food inflation outpacing overall cost of living increases.
4. **Retail Sales**: Statistics Canada will release retail sales figures for February on Wednesday. The agency reported a 0.3 percent decline in retail sales for January to $67.0 billion, but early estimates for February suggest a 0.1 percent increase.
5. **Resource Sector Results**: Quarterly earnings reports from major players in the Canadian resource sector are anticipated this week. First Quantum Minerals Ltd. will announce its results after Tuesday's market close, followed by a conference call on Wednesday. Teck Resources Ltd. is expected to report before markets open on Thursday, while Agnico Eagle Mines Ltd. will release its results after markets close on Thursday. Imperial Oil Ltd. will announce its results and conduct a conference call with analysts and investors on Friday morning.
