Statistics Canada will release its July labour force survey Friday. CP photo

Statistics Canada will release its July labour force survey Friday. CP photo

Five things to watch for in the Canadian business world in the coming week

June’s unemployment fell to 12.3 per cent after hitting a record high 13.7 per cent in May

TORONTO — Five things to watch for in the Canadian business world in the coming week:

Unemployment figures

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.

Restaurants report

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.

Home prices

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 reports

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.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Alberta reported an additional 399 cases of COVID-19 Thursday, on 9,217 tests, for a test positivity rate of 4.3 per cent. (Image courtesy CDC)
Red Deer down to 562 active COVID-19 cases

8 new COVID-19 deaths, 399 additional COVID-19 cases

Alberta premier Jason Kenney, right and Doug Schweitzer, Minister of Justice and Solicitor General, provide details about Bill 13, the Alberta Senate Election Act., in Edmonton Alta, on Wednesday June 26, 2019. THE CANADIAN PRESS/Jason Franson
Minister Doug Schweitzer talks on Enhanced COVID-19 Business Benefit

Provincial government rolling out new benefit this April to better help small businesses.

Mike Ammeter (Photo by Rebecca Hadfield)
Sylvan Lake man elected chair of Canadian Canola Growers Association

Mike Ammeter is a local farmer located near the Town of Sylvan Lake

City of Red Deer has nearly doubled its active COVID-19 case count since Feb. 10 and has 75.6 per cent of the Central zone’s active cases. (File photo)
Another new high: Red Deer hits 574 active COVID-19 cases

Province reports 13 new COVID-19 deaths, 430 new cases

Alberta chief medical officer of health Dr. Deena Hinshaw reported 11 additional deaths over the past 24 hours. (photography by Chris Schwarz/Government of Alberta
Red Deer active COVID-19 cases drop slightly

Province reports 267 additional COVID-19 cases, 11 new deaths

Bookings for COVID-19 vaccines for people age 75 or older start Wednesday. (File photo by THE CANADIAN PRESS)
Updated: Delays for seniors booking for vaccine appointments

By 9:20 a.m. Wednesday, 4,500 seniors had booked their appointments

Sylvan Lake's Winter Village lured many visitors to the town this winter. The town has launched a new contest to attract a new business.
(Black Press file photo)
Sylvan Lake offering rent-free storefront space to lure new businesses

Winning business proposal will get a storefront space rent-free for a year

NDP leader Jagmeet Singh holds a press conference on Parliament Hill in Ottawa on Wednesday, Feb. 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick
NDP will not trigger election as long as pandemic continues: Singh

‘“We will vote to keep the government going’

Students and staff at Gateway Christian School wore pink Wednesday in support of Pink Shirt Day, a worldwide anti-bullying initiative that was started in 2007. (Photo courtesy of Red Deer Public Schools)
Students, central Alberta community celebrate Pink Shirt Day

Mayor of Sylvan Lake Sean McIntyre supports anti-bullying cause

Minister Rick Wilson poses with Katie at the Boys and Girls Club of Wetaskiwin, both wearing her Pink Shirt Day design. Facebook/ Boys and Girls Club of Wetaskiwin.
Wetaskiwin Boys and Girls club Pink Shirt day design focuses on kindness

Katie with the Boys and Girls Club of Wetaskiwin created this year’s Pink Shirt Day design.

Black Press File Photo
Valentine’s Day shooting in Maskwacis leaves one male in hospital, one male in custody

19-year-old Francis Edward Nepoose from Maskwacis has been charged with attempted murder.

Red Deer Court of Queen’s Bench Justice Anne Kirker is expected to sentence Satnam Singh Sandhu on Friday. Red Deer Advocate file photo
Updated: Sylvan Lake man pleads guilty to manslaughter for strangling wife in 2019

Kulvinder Sandhu was strangled and died in hospital several days later

Sentencing delayed in the stabbing death of Samantha Sharpe, of Sunchild First Nation. (Red Deer Advocate file photo)
Central Alberta man not criminally responsible for killing his father in 2020: judge

Psychiatrist testified Nicholas Johnson was psychotic when he killed his father

Most Read