TORONTO — Five things to watch for in the Canadian business world in the coming week:
Economy
Statistics Canada will release its figures for gross domestic product in February as well as its flash estimate for the economy in March on Wednesday. The Bank of Canada will also release Wednesday its summary of deliberations for its interest rate decision earlier this month when it decided to keep its key policy interest rate on hold at 2.75 per cent.
Hudson's Bay
Anyone interested in buying Hudson's Bay or its assets has until Wednesday to submit binding proposals. Those interested in the leases must make their binding bids by Thursday.
Railway earnings
Canada's two largest railways report results this week. Canadian Pacific Kansas City will release its first-quarter financial and operating results after the markets close on Wednesday. Canadian National Railway will report its results on Thursday after the trading day ends.
TC Energy results
Pipeline operator TC Energy Corp. will release its first-quarter financial results and hold a conference call with analysts on Thursday before the start of the trading. In a speech to the Canadian Club Toronto earlier this month, chief executive François Poirier said he believes Canada can be the No. 1 exporter of liquefied natural gas to Asia, but political leadership is crucial to making it happen.
Magna earnings
Auto parts company Magna International Inc. will report its results and hold a conference call with analysts and investors on Friday before markets open. The auto sector has been a key point of conflict in the trade war with the U.S. despite the deep integration of the industry across the border.
This report by The Canadian Press was first published April 27, 2025.
Companies in this story: (TSX:CP, TSX:CNR, TSX:TRP, TSX:MG)
The Canadian Press
