TORONTO – Five things to watch in Canadian business this week:
Climate confab: Prime Minister Justin Trudeau is at the United Nations Climate Change Conference in Paris that kicks off Monday. His appearance comes on the heels of a Liberal government announcement of a five-year, $2.65 billion contribution to help developing countries tackle climate change.
Newfoundland and Labrador votes: People in Newfoundland and Labrador go to the polls on Monday. According to public opinion surveys, Dwight Ball’s Liberals will either win by a big landslide in Monday’s provincial election in Newfoundland and Labrador — or by a modest one.
GDP: Statistics Canada releases the GDP numbers for the third quarter and September on Tuesday in an ever-reliable gauge of the health of the Canadian economy.
Banks bonanza: Scotiabank and BMO report their fourth-quarter results on Tuesday, the National Bank of Canada and the Royal Bank report on Wednesday, and TD and CIBC report on Thursday. Also this week: the Bank of Canada announces its decision on the target for its critical overnight rate on Wednesday. The central bank is expected to hold steady on its key lending rate.
Oilpatch: Canadian Oil Sands, the largest partner in the Syncrude oilsands project and the takeover target of Suncor Energy, announces its 2016 spending plans on Tuesday. Enbridge, the Calgary-based energy delivery company, does the same on Thursday.