TORONTO – Five things to watch in the Canadian business world in the coming week: More bank profits Scotiabank will release its second quarter results on Tuesday.
TORONTO – Five things to watch in the Canadian business world in the coming week:
More banking income
Scotiabank will release its second quarter results on Tuesday. Amid talks about reopening after more than a year of pandemic lockdown measures, the heads of the country’s largest banks were asked by analysts on Thursday what they would do with all the money on which they were sitting.
Canopy Growth Corp. will release its fourth quarter results on Tuesday. The pot producer, along with rivals Aurora Cannabis Inc., Hexo Corp. and Tilray Inc. said they are increasingly looking to the United States for expansion opportunities and that many have embarked on a wave of acquisitions to prepare for possible market entry.
BRP will hold its annual general meeting of shareholders on Thursday. The maker of Ski-Doos and Sea-Doos announced in March an ambitious $ 300 million expansion in electric vehicles over five years, as the company seeks to adapt to market trends and broaden its appeal to a new set of clients.
Benefits of Saputo
Saputo will hold a conference call to discuss its fourth quarter results on Thursday. The Montreal-based dairy processor and cheese maker said on Tuesday it has completed the acquisition of Bute Island Foods and Wisconsin Specialty Protein, increasing its holdings in non-dairy cheeses and value-added ingredients.
Number of jobs in May
Statistics Canada will release its Labor Force Survey for the month of May. The agency previously reported that the Canadian labor market lost 207,000 jobs in April, as a surge in cases of COVID-19 variants led to further public health restrictions and raised concerns about the long-term economic consequences. end of the pandemic.
This report by The Canadian Press was first published on May 30, 2021.
The Canadian Press