TORONTO –
Five things to watch for in the Canadian business world in the coming week:
Bank earnings
Royal Bank of Canada will be the first of Canada’s big banks to say how it fared in its first-quarter result when it releases results on Thursday. CIBC and National Bank will report their first-quarter results on Friday.
Loblaw results
Loblaw Companies Ltd., the parent company of Loblaws and Shoppers Drug Mart, will report its fourth-quarter results on Thursday. The grocery industry has been facing challenges as it deals with supply chain problems, inflationary pressures and a difficult labour market.
Teck results
Teck Resources Ltd. will report its fourth-quarter results on Thursday before the start of trading and hold a conference call with financial analysts. The company said last month that its coal sales in the fourth quarter fell below its guidance and warned that COVID-19 was leading to higher costs and could disrupt production.
Maple Leaf earnings
Maple Leaf Foods Inc. will report its fourth-quarter results and holds a conference call with financial analysts. The company said in November that it was reassessing its strategy of investing in plant-based food products after a significant slowdown in the category.
Onex results
Onex Corp. will hold a conference call with financial analysts to discuss its fourth-quarter results on Friday. The private equity investment firm reported its third-quarter profit climbed 20 per cent compared with a year earlier, helped by its asset management business.
This report by The Canadian Press was first published Feb. 20, 2022.
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