Five Canadian business stories to watch this week

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Trade numbers

Statistics Canada will release its international merchandise trade numbers for August on Tuesday. Canada’s imports and exports both posted gains in July, but still remained below their pre-pandemic levels.

Macklem speech

Bank of Canada governor Tiff Macklem is scheduled to give a speech to the Global Risk Institute by video conference on Thursday. The central bank’s senior deputy governor Carolyn Wilkins recently announced that she won’t seek a second term, ending weeks of speculation about her future. Wilkins’ seven-year term ends next May.

September housing starts

Canada Mortgage and Housing Corp. is set to release housing starts figures for September on Thursday. The agency recently reported that Canada’s housing market experienced overvaluation in some pockets of the country – particularly Victoria, Moncton and Halifax – in the spring amid the COVID-19 pandemic

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September job numbers

Statistics Canada will release its labour force survey for September on Friday. The agency reported that the pace of gains in Canada’s job market slowed in August, as the economy added 246,000 jobs, the fourth consecutive month of gains after jobless claims spiked during lockdowns in March and April.

MTY earnings

MTY Food Group Inc. is set to hold a conference call to discuss its third-quarter results on Friday. The restaurant company behind such mall food court favourites as Thai Express, Tiki-Ming, Tutti Frutti and Valentine reported a second-quarter loss of $99.1 million and took a $120.3-million non-cash impairment charge related to property, plant and equipment, intangible assets and goodwill due to the pandemic.

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