Canada & World

Five Canadian business stories to watch this week

July 16, 2018
1:03 AM
ET

Need for speed

Rogers Communications Inc. discusses second-quarter results on Thursday. Rogers and rival BCE Inc. recently slashed prices for their ultra-high speed internet products in select markets in what analysts described as an effort to get customers used to the product in the hopes they’ll pay full price once the promotion ends.

Inflation

Statistics Canada will release its June reading on inflation and retail sales results for May on Friday. The consumer price index in May was up 2.2 per cent compared with a year earlier, matching the increase in April. The Bank of Canada, which looks to keep inflation under control, has said it expects the rate to rise to as high as 2.5 per cent due to temporary factors before settling back down to two per cent in the second half of 2019.

Home sales

The Canadian Real Estate Association is expected to release its sales results for June on Monday. It was a sluggish spring real estate season compared with the red hot markets of recent years. Higher mortgage rates and stricter lending rules have been blamed for the change.

OBJ360 (Sponsored)

The Ottawa Hospital’s Dr. Rebecca Auer Leads Cutting-Edge Research and Innovation

Every Tuesday, for last 15 years, Dr. Rebecca Auer could be found in an operating room at The Ottawa Hospital (TOH) removing cancer tumours from patients. As a surgeon who

In 1922, Merkley’s Limited (soon to be Ottawa Brick and Terra Cotta) supplied the terra cotta throughout Glebe Collegiate Institute, Ottawa’s newest high school. 100 years later the school still serves the community with a superb reputation for education excellence. Photo: Ottawa City Archives

City Building: Ahead by a century

At the turn of the 19th century, brick-making was a decentralized industry. Wherever communities were growing, some enterprising local would see the need for both sawn lumber and bricks with

Pot colossus

Aurora Cannabis Inc. and MedReleaf Corp. will both hold special shareholder meetings regarding Aurora’s all-stock acquisition of MedReleaf on Wednesday. The deal valued at $3.2 billion is the largest-ever in Canada’s burgeoning cannabis industry, and will create what MedReleaf’s CEO described as the “undisputed world leader in cannabis.”

CP earnings

CP Rail releases second-quarter results on Wednesday. In response to federal government changes encouraging railways to avert service disruptions, the railway recently placed an initial order for 1,000 new high-capacity grain hopper cars, 500 of which are expected to be in service before the end of 2018.