Five Canadian business stories to watch this week

Tim Hortons
Tim Hortons

Hot house: The most widely watched housing market these days will make news Monday, when the Toronto Real Estate Board releases the property sales figures for May on Monday. The Ontario government has unveiled more than a dozen measures aimed at improving housing affordability, including a tax on foreign buyers, and there are signs Toronto may be cooling off.

Coffee klatch: Restaurant Brands International, the parent company of Tim Hortons, holds its annual meeting Monday at its headquarters in Oakville, Ont. The multinational has been engaged in a tussle with some Tim Hortons franchisees, and some of that frustration could spill over.

Britain votes: The vapour trails of Brexit hover over Britain’s election Thursday, and business leaders and politicians here will be closely watching the results. As our largest trading partner in Europe, the outcome could have implications for Canada. The federal government has been holding informal trade talks with Britain.

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The bottom line: A smattering of corporate earnings to note this week, including results from Dollarama, Hudson’s Bay, Transcontinental and DavidsTea.

Fruits of our labour: Statistics Canada releases the job figures for May on Friday. While the headline labour figures and unemployment rate often draw plenty of attention, one thing to look out for will be wage growth. In April, hourly wages stalled to their lowest year-over-year growth since January 1997, when Statistics Canada began collecting that data.

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