Key Takeaways
- Prime Minister Mark Carney will meet with Chinese President Xi Jinping in China, marking the first visit by a Canadian prime minister since 2017
- Corus Entertainment Inc. will release its first-quarter results and hold a conference call with financial analysts and investors
- The Commission for Complaints for Telecom-television Services will release its annual report on customer complaints against Canadian telecommunications companies
- The Canadian Real Estate Association will release its monthly statistics for December and updated forecast, followed by Canada Mortgage and Housing Corp.’s latest reading on housing starts
- Statistics Canada will release reports on manufacturing and wholesale trade figures for November, providing insight into the economy’s performance in the fourth quarter
Introduction to the Week Ahead
The Canadian business world is expected to be abuzz with activity in the coming week, with several key events and announcements on the horizon. From high-level diplomatic meetings to important economic data releases, there are several factors that could impact the country’s business landscape. One of the most significant events of the week will be Prime Minister Mark Carney’s visit to China, where he will meet with Chinese President Xi Jinping. This meeting marks the first time a Canadian prime minister has visited China since 2017, and it is likely to be closely watched by business leaders and investors.
Diplomatic Meetings and Their Impact
Prime Minister Carney’s meeting with President Xi Jinping is a significant development, as it could have implications for trade and economic relations between the two countries. Canada and China have had a complex relationship in recent years, with tensions arising over issues such as trade, security, and human rights. However, the meeting could also provide an opportunity for the two countries to strengthen their economic ties and cooperate on issues such as climate change and global governance. In addition to his meeting with President Xi, Prime Minister Carney will also stop in Doha, Qatar, on January 18 before heading to Davos, Switzerland, to attend the World Economic Forum meeting on January 19.
Earnings and Financial Reports
In addition to the diplomatic meetings, several Canadian companies will be releasing important financial reports in the coming week. Corus Entertainment Inc. will release its first-quarter results on Wednesday morning, followed by a conference call with financial analysts and investors. The report comes ahead of a meeting on January 30, when a proposed recapitalization plan for the radio and television broadcaster will be put to a vote by shareholders and senior noteholders. The company’s financial performance will be closely watched, as it navigates a rapidly changing media landscape and faces increased competition from streaming services.
Telecom Complaints and Industry Trends
The Commission for Complaints for Telecom-television Services will also release its annual report on Wednesday, which will provide insight into customer complaints against Canadian telecommunications companies. The report will likely highlight areas where telecom companies need to improve their services, such as billing, customer service, and network reliability. The telecom industry is a critical component of Canada’s economy, and the report will be closely watched by regulators, consumers, and investors. The report may also shed light on emerging trends in the industry, such as the growth of 5G networks and the increasing demand for data-driven services.
Housing Market Data and Economic Indicators
The Canadian housing market will also be in focus, with the Canadian Real Estate Association releasing its monthly statistics for December on Thursday. The report will provide insight into the state of the housing market, including sales, prices, and inventory levels. The association will also release its updated forecast, which will provide guidance on the outlook for the housing market in the coming months. On Friday, Canada Mortgage and Housing Corp. will release its latest reading on housing starts, which will provide further insight into the health of the housing market. These reports will be closely watched by economists, policymakers, and investors, as the housing market is a key driver of the Canadian economy.
Manufacturing and Wholesale Trade Data
Finally, Statistics Canada will release a pair of reports on Thursday that will provide insight into the performance of the economy in the fourth quarter. The agency will release its monthly survey of manufacturing and wholesale trade figures for November, which will provide data on the production, sales, and inventories of Canadian manufacturers and wholesalers. These reports will be closely watched by economists and policymakers, as they will provide insight into the strength of the economy and the outlook for the coming months. The reports may also shed light on the impact of global trade tensions and other external factors on the Canadian economy. Overall, the coming week is expected to be a busy one in the Canadian business world, with several key events and announcements that could have significant implications for the country’s economy and business landscape.