Five Things to Watch for in the Canadian Business World Next Week

Five Key Developments to Watch in Canadian Business This Week:

Trade Tensions with the U.S.

Trade relations between Canada and the United States will remain in the spotlight following last week’s threat by U.S. President Donald Trump to impose a 35 per cent tariff on Canadian imports. With an August 1 deadline approaching, both countries are working to finalize a new trade agreement. Businesses and policymakers alike will be monitoring any updates closely.

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Hudson’s Bay Court Battle

Hudson’s Bay Company is set to return to court on Tuesday, as Restore Capital LLC — one of its largest creditors — seeks to cancel a deal between the retailer and a British Columbia billionaire interested in acquiring up to 25 of its store leases. The creditor is also expected to request the appointment of a “super monitor” to increase oversight of the company’s operations as it undergoes a formal wind-down.

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June Inflation Data

All eyes will be on Statistics Canada this Tuesday when it releases the June Consumer Price Index (CPI). The inflation report will be a critical input ahead of the Bank of Canada’s interest rate decision and monetary policy report on July 30. In May, Canada’s annual inflation rate was reported at 1.7 per cent.

Housing Market Update

The Canadian Real Estate Association is scheduled to release national housing data for June on Tuesday, along with its latest quarterly market outlook. While home sales in May were down 4.3 per cent compared to the previous year, they rose 3.6 per cent month-over-month — the first national increase in over six months.

Cogeco Earnings

Cogeco Inc. and Cogeco Communications Inc. will announce their third-quarter financial results after markets close on Tuesday. Earlier this year, the company confirmed its intention to launch mobile services in Canada and had already begun onboarding customers who use its existing internet and TV offerings. Investors will be looking for updates on this rollout and overall financial performance.