Five things to watch for in the Canadian business world in the coming week

TORONTO -

5 issues to look at for within the Canadian enterprise world within the coming week:

CANADIAN MARKETS CLOSED

Inventory markets are closed for buying and selling in Canada on Monday for the Victoria Day vacation, nevertheless U.S. markets might be open for enterprise. The distinction might imply risky buying and selling on Canadian markets after they reopen on Tuesday as buyers catch as much as any information that occurred whereas markets have been closed for the vacation.

BANK EARNINGS

Canada's massive banks will report their second-quarter monetary outcomes this week. Scotiabank and BMO might be first out of the gate on Wednesday adopted by CIBC, TD Financial institution and RBC on Thursday. Nationwide Financial institution of Canada will report its outcomes on Friday.

CINEPLEX MEETING

Cineplex Inc. will maintain its annual assembly on Wednesday as the corporate plots a restoration from well being measures instituted through the COVID-19 pandemic, which pressured theatres to shut for prolonged intervals. Cineplex reported a first-quarter loss earlier this month, however income soared as Canadians returned to the theatres and spent extra on tickets and snacks.

RETAIL TRADE NUMBERS

Statistics Canada will add a bit extra element to the financial image for March when it releases retail commerce figures for the month on Thursday. The company's preliminary estimate for the month advised gross sales have been up 1.4 per cent for the month. Retail gross sales in February rose 0.1 per cent to $59.9 billion, nevertheless in quantity phrases retail gross sales fell 0.4 per cent for the month.

CANOPY RESULTS

Cover Progress Corp. will launch its fourth-quarter and full-year monetary outcomes on Friday and maintain a convention name with monetary analysts. The corporate introduced a deal just lately to offer it the proper to accumulate California hashish firm Jetty Extracts, if the U.S. federally legalizes the principle ingredient in marijuana.

This report by The Canadian Press was first revealed Could 22, 2022.