TORONTO – Five things to watch this week in Canadian business:
Amaya Inc.: The online gambling company holds its first-quarter earnings conference call on Monday. Investors will be looking for any update to February’s announcement that then-chief executive David Baazov and a group of investors were considering a formal bid for the company. Baazov took an indefinite paid leave of absence as CEO and chairman of Amaya in March after being charged following an investigation into allegations of insider trading. He has pleaded not guilty.
Home sales: The Canadian Real Estate Association is expected to release home sales data for April on Monday. The scorching hot markets in Vancouver and Toronto have been the main force behind the national results in recent months and are expected to continue to be the driver.
The economy: Statistics Canada is releasing several data points that will help round out the picture on how the economy performed in the first quarter. Manufacturing data for March is expected Tuesday. Employment insurance and wholesale trade figures for March come Thursday. March retail sales are released Friday.
Inflation: Statistics Canada releases the consumer price index for April on Friday. Low energy prices have been keeping the annual pace of inflation low in recent months, but the pace of core inflation crept up in March compared with February.
Trans Mountain Pipeline: Friday is the deadline for the National Energy Board to make its recommendation to the Governor in Council on Kinder Morgan’s Trans Mountain pipeline expansion. Kinder Morgan hopes to triple the capacity of the existing Trans Mountain pipeline to carry diluted bitumen from near Edmonton to Burnaby, B.C. The project would increase the number of tankers in Burrard Inlet seven-fold.