Five Key Business Events to Watch in Canada This Week:
- Bank of Canada Interest Rate Decision
All eyes will be on the Bank of Canada this Wednesday as it announces its latest interest rate decision alongside its quarterly monetary policy report. The central bank has kept its benchmark rate at 2.75% since April, and with core inflation steady around 3% and a surprising job gain last month, economists largely expect the bank to maintain its current stance.
- Canadian Pacific Kansas City (CPKC) Earnings
CPKC will release its second-quarter earnings after markets close on Wednesday, followed by a conference call. The Calgary-based railway company recently had two new collective bargaining agreements ratified through arbitration in May, impacting thousands of workers.
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- GDP Data from Statistics Canada
On Thursday, Statistics Canada will publish GDP figures for May along with a preliminary estimate for June. Last month, the agency reported that real GDP dipped by 0.1% in April, and its advance estimate suggested May may have seen a similar decline.
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- Canada-U.S. Trade Talks Deadline
Friday marks a key deadline in trade negotiations between Canada and the United States. U.S. President Donald Trump has threatened to impose 35% tariffs on a wide range of Canadian products if no deal is reached by August 1. Prime Minister Mark Carney has called the discussions “complex” and emphasized that Canada will take whatever time is needed to secure a stable trade relationship.
- Enbridge Earnings and Expansion
Enbridge Inc. will report its second-quarter results and host a call with analysts on Friday morning. The company recently announced a major investment in renewable energy, committing US$900 million to a solar power project in Texas that will serve Meta Platforms Inc.’s data centre operations.
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