A Peek into Canada’s Business Week Ahead
Let’s get ready for the week ahead in the Canadian business world. We’ve got five important things to keep an eye on, and we’ll break them down in plain and simple terms.
- Household Debt InsightsFirst up, on Wednesday, Statistics Canada is releasing its national balance sheet and financial flow accounts report. This report tells us about something crucial: how much debt Canadian households have compared to their income. With interest rates now at five percent, this is especially important for those with lots of debt.
- Dollarama’s ReportAlso on Wednesday, we’ll see Dollarama Inc.’s second-quarter results. The first quarter saw them make more money, and this was because people wanted cheaper things as the cost of living went up.
- Empire Co. Ltd.’s PerformanceOn Thursday, Empire Co. Ltd., which owns Sobeys, Safeway, and more, is sharing its first-quarter results. They’re also holding their annual meeting in New Glasgow, N.S., on the same day.
- Economic InsightsWe’ll get more insights into how Canada’s economy is doing in the third quarter. On Thursday, we’ll see a report about wholesale trade in July. Then, on Friday, there’s another report about manufacturing in the same month.
- Home Sales UpdateFinally, on Friday, we’ll hear from the Canadian Real Estate Association about home sales in August. In July, not much changed compared to June, but it was the biggest jump in sales in over two years.
Stay tuned as we guide you through these important updates in the Canadian business world. This report, originally shared by The Canadian Press on Sept. 10, 2023, keeps you informed about the crucial events shaping Canada’s business landscape.
Please contact Jared Gibbons, your local realtor, should you have any other questions.