Canada Mortgage and Housing Corp. is expected to release its latest reading on housing starts on Friday when it publishes the figures for February. Work continues at a new housing development in Belleville, Ont., on Friday, March 1, 2024. THE CANADIAN PRESS/Chris Young


March 11 , 2024

Five key developments to monitor in the Canadian business landscape over the upcoming week:

  1. Household Debt: Statistics Canada is set to unveil its national balance sheet and financial flow accounts data for the fourth quarter of 2023 on Wednesday. This release will provide insights into the household-debt-to-income ratio amid ongoing pressure from high interest rates impacting Canadians' finances.
  2. Transat Earnings: Travel firm Transat AT Inc. is scheduled to announce its latest quarterly results on Thursday, accompanied by a conference call with investors and financial analysts. Last month, Air Transat flight attendants ratified a new contract, hailed by the Canadian Union of Public Employees as setting industry-leading pay standards.
  3. Empire Earnings: Empire Co. Ltd. will unveil its third-quarter financial results on Thursday, followed by discussions with financial analysts. Metro and Loblaw, Empire's competitors, recently highlighted robust sales growth driven by their discount stores, reflecting consumer demand for cost-effective options.
  4. Economic Data: Throughout the week, Statistics Canada will release additional economic indicators for January. Thursday will see the release of the monthly manufacturing survey, followed by wholesale trade numbers on Friday, offering further insights into economic performance.
  5. Housing Starts: Canada Mortgage and Housing Corp. is expected to publish its latest data on housing starts for February on Friday. In January, the annual pace of housing starts declined by 10 percent compared to December, primarily due to reduced activity in new multi-unit projects like apartments and condominiums.

These developments offer valuable insights into various sectors of the Canadian economy and are closely monitored by investors, analysts, and policymakers alike.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

You may also like

World Economic Forum Chairman Klaus Schwab Retires After 50 Years of Global Leadership

Klaus Schwab, the 87-year-old founder of the World Economic Forum (WEF), has stepped down as chairman. After leading the influential....

China Returns $55m Boeing Jet as Trump Tariffs Impact Trade

A Boeing 737 MAX originally bound for China’s Xiamen Airlines made an unexpected return to the US on Sunday. The....

China-U.S. Tariff War Rattles Trade Ties and Businesses

Chinese exporters are on edge as a sweeping tariff war with the United States threatens long-standing trade relationships. What started....

Trump’s Commerce Chief Says, Electronics Tariff Exemption Is Temporary

The U.S. government’s decision to temporarily exempt electronics like smartphones and laptops from tariffs may not offer lasting relief. The....

Hudson’s Bay Insider Bid Protocol Raises Sale Speculation

Hudson’s Bay Company (HBC) has taken a significant step in its ongoing creditor protection process. A new internal protocol shared....

Prada to Acquire Rival Fashion House Versace in €1.25 Billion Deal

In a major move reshaping the global luxury fashion landscape, Prada Group has officially announced its acquisition of Italian fashion....

Biggest Drop in Gas Prices Across Canada: What’s Behind the Relief?

Canadians have been noticing a welcome change at the gas pumps. Over the past few weeks, fuel prices have fallen....

Trump Pauses Reciprocal Tariff for 90 Days, Hits China Harder with 125%

President Donald Trump has announced a temporary relief in his sweeping tariff policy, pausing higher levies for 90 days on....

Wall Street Fears Another ‘Black Monday’ Amid Trump’s Tariff Shock

U.S. stock futures plunged Sunday evening, triggering fears of a repeat of Black Monday, as markets reacted sharply to President....

In Canadian Business This Week: Key Events to Watch

As Canada steps into a new business week, several developments are set to shape the national economic narrative. From politics....

Ontario Businesses Fined for Hiring 700 Unauthorized Foreign Workers

A major federal investigation has resulted in significant penalties for three Ontario-based businesses that were found guilty of employing hundreds....

Markets Brace for Turbulence and Recession Fears as Liberation Day Approaches

Investors are on edge as Liberation Day, set for April 2, nears. As the year's first quarter ends on a....