TORONTO – Five things to watch this week in Canadian business:
Pipe Dreams: There are expectations that a pipeline charm offensive in British Columbia could heat up this week. Alberta Premier Rachel Notley has said she will head to B.C. as early as this week to plead her case for the Trans Mountain expansion. The project has sparked fierce protests, particularly in the Vancouver area.
Interest Rate Announcement: On Wednesday, the Bank of Canada will make its latest interest rate announcement. Since July 2015, the trend-setting rate has been set at 0.5 per cent. It’s widely expected to remain on hold, but observers will be looking carefully at the announcement for clues on the state of the economy.
Retail Earnings: As the busy Christmas shopping season enters its final weeks, we will get a good look at how some of Canada’s retailers are faring. Hudson’s Bay, Sears, Dollarama and Lululemon are among those reporting quarterly results.
Big Banks: The Bank of Montreal will issue its fourth-quarter and full-year results on Tuesday, wrapping up the parade of financial reports from Canada’s big banks.
Oilpatch spending: Cenovus Energy Inc. will hold a conference call to discuss its 2017 capital budget. The company will talk about its spending plans for next year in the wake of a decision by OPEC to cut production that has helped boost oil prices.