Five Canadian business stories to watch this week


G7 meeting wraps up

The meeting of G7 leaders in Biarritz, France, wraps up on Monday. The gathering is being held amid increased worries about the global economic outlook with the U.S. and China engaged in a trade war.

Bank earnings parade continues

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The parade of earnings from Canada’s big banks continues with results from the Bank of Montreal and Scotiabank on Tuesday. The results will be followed by a report from National Bank of Canada on Wednesday and Toronto-Dominion Bank and Laurentian Bank on Thursday.

Ski-Doo and Sea-Doo results

Recreational vehicle maker BRP Inc. reports its second-quarter results on Thursday. The company recently completed its acquisition of 80 per cent of Telwater Pty Ltd., a maker of aluminum boats and trailers in Australia, in a bid to grow its marine business.

Economic report card

Statistics Canada will release second-quarter gross domestic product data on Friday. The agency recently reported that the Canadian economy grew for a third consecutive month in May, rising 0.2 per cent overall, above analyst estimates of 0.1 per cent growth.

B.C. gas price report

The B.C. Utilities Commission inquiry into gasoline and diesel prices in the province is expected have its final report done by Friday. Premier John Horgan called the public inquiry in May when gasoline prices at the pump reached a record-breaking $1.70 per litre.

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