TORONTO – Five things to watch this week in Canadian business:
Finances: The Bank of Canada releases its quarterly monetary policy report on Wednesday, a highly anticipated update due to the continuing fallout of Britain’s decision to leave the European Union. The bank will also announce its benchmark interest rate, though that will likely end up being an afterthought since there are scant expectations of any changes.
Needs of the North: A two-day conference kicks off in Barrow, Alaska on Wednesday to gather tech industry experts, policy experts and Arctic residents to discuss the need for high-speed broadband in the North. The summit is being organized by the Arctic Economic Council, which is chaired by Canada.
Le Chateau: The beleaguered retail chain holds its annual meeting with shareholders on Wednesday. The Montreal-based company said earlier this year it’s closing 14 stores this year and about 40 over the next three years.
Carney in Canada: Mark Carney, the governor of the Bank of England as Britain deals with economic fallout of Brexit, is in Toronto on Friday, along with Environment Minister Catherine McKenna. They will discuss the implications of climate change initiatives for the financial sector in Canada and worldwide.
Shaw: Cable TV and broadcasting giant Shaw Communications Inc. holds a third-quarter earnings conference call on Friday. The company, like other cable providers, has been struggling to stem the tide of so-called cord-cutters — those who are dropping their cable packages in favour of online TV options.