Several major corporate, government and economic announcements are scheduled across Canada from Tuesday to Friday.
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Roots Corp. shareholders are set to vote Tuesday on a deal that would take the retailer private under Marquee Brands, the firm behind Martha Stewart, Laura Ashley and Roberto Cavalli. Marquee also plans to partner with Joseph Mimran, the Canadian fashion executive behind Joe Fresh, Club Monaco and Alfred Sung, as part of its strategy to grow the Roots brand.
Ontario Premier Doug Ford is scheduled to deliver a speech to the Empire Club of Canada on Wednesday in Toronto. Ford has been described in the source as one of the loudest voices in Canada’s trade dispute with the United States.
Statistics Canada will publish several economic releases this week, including building permits data for August on Wednesday, along with its monthly survey of manufacturing and wholesale trade figures for August on Thursday.
Two key housing-related data points are also expected this week: the Canadian Real Estate Association will release its September home sales figures on Friday, and Canada Mortgage and Housing Corp. is expected to publish September housing starts the same day.
On Friday, Industry Minister Mélanie Joly is scheduled to speak at the Canadian Club in Toronto about pressures facing Canadian industry. The source says that last week she sent a letter demanding that Stelco outline a plan for how its U.S.-based parent company, Cleveland-Cliffs, will honour legally binding commitments made at the time of Stelco’s 2024 acquisition; the source also notes Stelco is laying off up to 500 workers, citing an ongoing trade crisis among other factors.
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