TORONTO – Five things to watch this week in Canadian business:
TSX closed: Investors can take a breather from freaking out about their stock portfolios on Monday — the Toronto Stock Exchange is closed due to Ontario’s Family Day.
Rona: Quebec’s home renovation retailer will release its fourth-quarter results on Tuesday. Earlier this month, Rona announced that U.S. home improvement chain Lowe’s is buying the company in a friendly takeover valued at $3.2 billion Cdn.
Housing: The Canadian Real Estate Association is out with its January 2016 resale housing statistics on Tuesday. They’ll contain clues about whether this year is poised to be as bullish a year for real estate in Toronto and Vancouver as 2015 was, and as dismal a year in Alberta.
Bombardier: Embattled aircraft builder Bombardier Inc. releases its fourth-quarter and year-end results on Wednesday. The company is waiting to hear if it’s getting an aid package from Ottawa. Quebec’s trade minister said recently the province will consider a further investment in Bombardier if federal aid doesn’t materialize.
Inflation: On Friday, Statistics Canada releases the consumer price index for the first month of the year. The annual inflation rate for December grew to 1.6 per cent, fuelled by soaring prices for numerous products including fruits and vegetables.