Toronto –
Five things to watch for in Canadian business in the coming week:
Macklem on the hill
Bank of Canada Governor Tiff Macklem and Deputy Governor Carolyn Rogers will be present at the House of Commons Standing Committee on Finance on Tuesday.
The pair will also be present at the Senate Standing Committee on Banking, Commerce and Economy on Wednesday.
Parkland results
Parkland Corp., which is owned by its largest shareholder, Simpson Oil Ltd. and U.S.-based activist investor Engine Capital LP, which has faced calls for a review of strategic alternatives, will report its results on Wednesday after markets close, followed by a conference call on Thursday morning. The company announced last month that it had put its Florida-based retail and commercial operations up for sale as part of a previously announced strategy to divest non-core assets.
GDP figures
Statistics Canada will report its gross domestic product by industry figures for August on Thursday. The agency is also expected to release its preliminary estimate for September, which will provide a first glimpse of economic developments in the third quarter. Statistics Canada's preliminary estimate for August suggested real GDP was essentially flat that month.
Enbridge results
Enbridge Inc. will report its third-quarter results and hold a conference call with financial analysts on Friday. The company recently announced a plan to spend $700 million to build new crude oil and natural gas pipelines in the Gulf of Mexico for the recently approved Kaskida project, operated by BP Exploration & Production Co.
Imperial Oil results
Imperial Oil Ltd. will report its third quarter results and hold a conference call with financial analysts on Friday morning. The company was fined $50,000 in August after Alberta's energy regulator concluded the company violated environmental laws when wastewater containing oil sands tailings leaked outside the lease boundary in 2022.
This report by The Canadian Press was first published Oct. 27, 2024.
Companies in this story: (TSX:PKI, TSX:ENB, TSX:IMO)