The Canadian business landscape is set for a bustling week filled with pivotal updates that could influence market dynamics and investor sentiments. Here's what to keep an eye on:
Tim Hortons Q4 Earnings Release
Restaurant Brands International Inc., the conglomerate behind Tim Hortons and other prominent quick-serve restaurants, is slated to unveil its fourth-quarter earnings this Tuesday. The spotlight will be on the company following its recent announcement of acquiring Carrols Restaurant Group Inc., a major move expanding its footprint in the United States with a deal valued at US$1 billion.
Housing Market Insights
This Thursday promises fresh insights into Canada's housing sector. The Canadian Real Estate Association (CREA) is expected to release its January home sales figures, providing clarity on whether the market's momentum continues. Concurrently, Canada Mortgage and Housing Corp (CMHC) will offer its latest reading on housing starts, shedding light on new construction trends amidst ongoing market recovery signs.
Economic Data Releases
Key economic indicators are due this week with Statistics Canada scheduled to publish its monthly survey of manufacturing for December on Thursday followed by wholesale trade numbers for December on Friday. These releases will paint a clearer picture of the economy’s trajectory at 2023’s end.
TC Energy's Strategic Moves
Investors and stakeholders are eagerly awaiting updates from TC Energy Corp., particularly regarding its multi-billion-dollar asset divestiture plan aimed at debt reduction post-Coastal GasLink project completion. The company’s strategic decisions and future outlook will be key highlights when it reports its fourth-quarter results this Friday.
Air Canada Under Scrutiny
Air Canada is set to report its fourth-quarter results amidst increasing scrutiny over how it accommodates passengers living with disabilities. CEO Michael Rousseau recently faced tough questioning at a House of Commons committee meeting over passenger mistreatment allegations. Stakeholders are keenly waiting for updates and responses from the airline in their upcoming report.
The upcoming week in the Canadian business world encapsulates critical developments ranging from corporate earnings releases to essential economic data publications that could significantly influence market trends and investor strategies as we move further into 2024.
