Several major corporate earnings releases and key economic and policy events are scheduled across Canada from Monday to Friday.
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Corporate earnings: Celestica Inc. is set to report results on Monday, followed by Precision Drilling Corp. on Tuesday. Agnico Eagle Mines Ltd. and Canadian Pacific Kansas City Ltd. are set to report on Wednesday. Restaurant Brands International Inc., Teck Resources Ltd., Spin Master Corp., Air Canada and TMX Group Ltd. are scheduled for Thursday. The week ends with Cameco Corp., Canadian National Railway Co., Imperial Oil Ltd. and Magna International Inc. on Friday.
Interest rate decision: The Bank of Canada will release its interest rate decision and fall monetary policy report on Wednesday. Financial markets are betting there is a good chance the central bank will raise its key interest rate target from its current level of 2.25 per cent, a rate that has been in place since October last year.
Canada–EU summit: Canada will host a Canada-EU Summit in Montreal starting on Thursday. Prime Minister Mark Carney has been working on establishing closer links with Europe, and the European Commission President Ursula von der Leyen has proposed that Canada could become the first associate member of the European Union.
GDP release: Statistics Canada will provide its latest read on the economy on Friday with gross domestic product by industry figures for August and a preliminary estimate for September. The figures are expected to offer an early estimate of how the Canadian economy fared for the third quarter.
Weston speech: Galen Weston, chairman of Loblaw Cos. Ltd., and CEO of George Weston Ltd., will give a speech to the Canadian Club Toronto on Friday, addressing the erosion of trust in the private sector and its role in Canadian prosperity.
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