TORONTO – Five things to watch in Canadian business this week:
Trudeau on the Road: As part of his first foreign trip as prime minister, Justin Trudeau will attend the G20 leaders meeting in Turkey and the APEC summit in the Philippines. The Liberal leader is expected to push his spending and growth agenda as well as meet U.S. President Barack Obama.
TransCanada Update: Members of TransCanada’s senior executive team will be in Toronto on Tuesday where they will provide an update on the company’s operations and outlook following the U.S. rejection of the Keystone XL pipeline. Many say the company should now focus its efforts on seeking approval for Energy East, which would connect Alberta oilsands crude with refineries and an export terminal on the East Coast.
Grocery Earnings: Wednesday will see results from grocery chains Metro and Loblaw. This past summer, Loblaw announced it was shutting down 52 locations this year in an effort to save up to $40 million in annual operating income.
Site C Court Challenge: Treaty 8 First Nations will be in court in Victoria challenging B.C. Hydro’s proposed Site C hydroelectric dam on the Peace River. The $9-billion project has stoked outrage First Nations members who say it would threaten the environment. But proponents of the development, which is expected to take a decade to build, say it would provide a clean, renewable and much-needed source of energy.
Economic Indicators: Statistics Canada will release several indicators of how the economy has been doing, including the latest figures on wholesale trade on Wednesday and inflation and retail sales on Friday.