TORONTO — Five things to watch for in the Canadian business world in the coming week:
Bibic speech
BCE chief executive Mirko Bibic is scheduled to give a speech to the Canadian Club Toronto on Monday. The speech comes as Bibic and BCE face fresh competition in the wireless market from rival Freedom Mobile, which was acquired by Quebecor Inc.'s Videotron as part of the sale of Shaw Communications Inc. to Rogers Communications Inc.
GDP numbers
Statistics Canada will release its figures for gross domestic product for March and the first quarter of 2023 on Wednesday. The agency's preliminary estimate released last month suggested the economy contracted by 0.1 per cent in March and grew at an annualized rate of 2.5 per cent in the first quarter.
Bank earnings
National Bank of Canada is set to release its second-quarter results before financial markets open on Wednesday, while Laurentian Bank to report its results on Thursday. The results follow results from some of Canada's other big banks last week that showed the sector under pressure as they set aside more money for bad loans.
Cannabis conference
Canada's cannabis industry will gather in Toronto for the Lift Cannabis Business Conference starting Thursday. David Lobo, the Ontario Cannabis Store's president and chief executive, is due to discuss the state of the legal pot marketplace as the country approaches its fifth anniversary of cannabis legalization.
BRP results
BRP Inc. will release its results for the first quarter of its 2024 financial year and hold its annual meeting on Thursday. The maker of Ski-Doo and Sea-Doo vehicles said earlier this year that despite macro concerns it expects to continue growth and normalized earnings per share between $12.25 and $12.75 for its 2024 financial year, an increase of two to six per cent compared with its 2023 financial year.
This report by The Canadian Press was first published May 28, 2023.
Companies in this story: (TSX:BCE, TSX:NA, TSX:LB, TSX:DOO)
The Canadian Press
