TORONTO — Five things to watch for in the Canadian business world in the coming week:
MEG Energy results:
MEG Energy is set to release Q3 results on Monday. The Calgary-based company boosted its full-year production guidance in July, to 91,000 to 93,000 barrels per day from 86,000 to 90,000, after reporting $68 million in net profits in the second quarter on a near doubling of revenues.
The Bank of Canada is scheduled to host its annual economic conference Tuesday, focused this year on “Behavioural Macroeconomics and Finance: Implications for Central Bankers." BoC governor Tiff Macklem will also be delivering closing remarks Tuesday via video conference at a joint conference of the Federal Reserve Board, the Bank of England, the European Central Bank and the Bank of Canada.
Canadian Tire earnings:
Canadian Tire is set to release Q3 results on Thursday. The company said in August that it purchased a 25 per cent stake in a B.C. inland port facility in an effort to bolster its supply chain amid ongoing global logistical problems related to the COVID-19 pandemic.
Cineplex Inc. is expected to release Q3 results on Thursday. The theatre operator’s lawsuit against would-be suitor Cineworld Group PLC is being closely watched by businesses across the country because the ruling could have far-reaching implications for pandemic-inspired litigation.
Freshii Inc. is set to hold a Q3 earnings call on Tuesday. The Toronto-based company signed a deal in October to buy a majority stake in health and wellness product retailer Natura Market ECommerce Inc., with rights to acquire the rest of the business through the first quarter of 2025.
This report by The Canadian Press was first published Nov. 7, 2021.
The Canadian Press