May retail trade
Statistics Canada will release retail trade figures for May on Tuesday. The agency said retail sales fell by a record 26.4 per cent to $34.7 billion in April due to COVID-19 restrictions, but that early estimates suggest retail sales rose 19.1 per cent in May.
Torstar vote
The Torstar shareholders virtual meeting to vote on proposed takeover of the company is set for Tuesday. NordStar Capital LP upped its offer on July 11 to purchase the owner of the Toronto Star and other community newspapers after Torstar received a potentially superior second offer, which it said was unsolicited.
Grocer updates
Empire Co. Ltd. unveils its new three-year strategy on Wednesday, while rival Loblaw Companies Ltd. will hold a conference call to discuss its second-quarter results on Thursday. Representatives of both grocery chains appeared before a parliamentary committee on July 10 and denied colluding to end pandemic wage premiums for front line workers, that they announced their decision to revoke on or about the same day.
OBJ360 (Sponsored)
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
City Building: Inflector Environmental Services is transforming Ottawa with safety in mind
As awareness of the need for a healthy and safe work environment grows, so too does the role of Ottawa-based Inflector Environmental Services. They are helping the city grow and
June inflation numbers
Statistics Canada is set to release its consumer price index for June on Wednesday. Statistics Canada recently said that Canadians’ buying patterns changed so much during the COVID-19 pandemic that its measure of consumer inflation went a little wobbly, as consumers spent more on items that don’t weigh as much in the CPI, which tracks inflation.
Railway earnings
Canadian Pacific Railway Ltd. executives discuss second-quarter earnings following release of financial results on Wednesday. CP and rival Canadian National Railway announced recently that they moved record quantities of grain in the second quarter after benefiting from another strong month in June.
