Five Canadian business stories to watch this week

Movie theatre
Movie theatre

Cineplex meeting

Cineplex Inc. will hold its annual shareholder meeting on Tuesday. The Toronto-based movie exhibitor’s shares tumbled last week, first on news that the latest James Bond film would be delayed, followed by Ontario’s closure of movie theatres in some regions in response to rising COVID-19 infection rates.

Aritzia results

Aritzia Inc. will hold a conference call with analysts after releasing its second-quarter results on Wednesday. The Vancouver-based retailer reported a first-quarter loss and revenue drop after temporarily closing all its stores due to COVID-19 health precautions, but said it sees an opportunity to expand its business amid the global pandemic.

September housing numbers

The Canadian Real Estate Association is set to release September home sales numbers on Thursday. CREA reported record home sales and prices in August, but said the increase was uneven as the housing market levelled off in some regions.

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Aphria results

Cannabis company Aphria Inc. will hold a conference call to discuss its first-quarter results on Thursday. The Leamington, Ont.-based company posted a $98.8 million fourth-quarter net loss and a $64 million non-cash asset impairment expense, linked mainly to its international operations in Colombia, Jamaica and Lesotho.

Corus earnings

Corus Entertainment’s fourth-quarter results will be released before markets open Friday, followed by a conference call. The media company posted a third-quarter loss of $752.3 million despite increased viewership and engagement across all its platforms during the first wave of the COVID-19 pandemic.

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