TORONTO — Five things to watch for in the Canadian business world in the coming week:
Statistics Canada will release its July labour force survey Friday. June’s unemployment fell to 12.3 per cent after hitting a record high 13.7 per cent in May as the economy added 953,000 jobs. July’s numbers will give a broader picture of how the start of the economic recovery from COVID-19 pandemic is playing out.
Two restaurant conglomerates, Restaurant Brands International Inc. and Recipe Unlimited Corp., release their second-quarter results Thursday. The COVID-19 pandemic hit the industry particularly hard as dine-in services shut across Canada, leaving them to rely on take-away service only.
The Real Estate Board of Greater Vancouver will release its monthly housing report Wednesday. Sales in the once-scorching housing market started to return to more typical levels in June after dipping to four-decade lows in April. The Toronto Regional Real Estate Board will release its figures the following day. In June, TRREB said the number of homes sold in the Greater Toronto Area was just shy of the mark set a year ago and the average selling price rose nearly 12 amid tight supply.
Bombardier Inc. reports its second-quarter earnings Thursday. The report comes one week after the European Commission green lit the acquisition of the company’s rail business by French train-maker Alstom.
Canopy Growth CEO
Canopy Growth CEO David Klein will participate in a fireside chat at TerrAscend Corp.’s investor day Thursday. Klein’s appearance comes after his company conducted what it called “a small number of layoffs” recently. It declined to provide figures for the number of jobs lost.