TORONTO – Five things to watch in Canadian business this week:
Poloz in TO: The Bank of Canada governor speaks to the Empire Club of Canada on Tuesday on monetary policy. Stephen Poloz held firm on the bank’s central lending rate last week, leaving it at 0.5 per cent even as the Federal Reserve, south of the border, is widely expected to hike its own benchmark.
Housing: Also on Tuesday, the Canada Mortgage and Housing Corp. releases November housing starts. The data comes on the heels of news that Vancouver home sales posted their second-highest ever November sales as they climbed more than 40 per cent compared with a year ago.
Ambassador confab: The Economic Club of Canada is hosting each G7 country’s respective ambassador to Canada in Ottawa on Tuesday to discuss the global economy, foreign affairs, international trade and political relationships.
Earnings: Canadian companies reporting earnings this week include Empire Co., parent of grocer Sobeys, which is out with its second-quarter results on Tuesday, while Dollarama and Lululemon report their latest quarterly results Wednesday. DavidsTea and Hudson’s Bay report Thursday.
Oilpatch: Cenovus Energy holds a conference call Thursday to discuss its capital budget, outlook and expectations for 2016 following a dismal year for the oilpatch. Cenovus executives were among those who helped formulate Alberta’s recent move to cap oilsands emissions.