Five Canadian business stories to watch this week


National home sales

The Canadian Real Estate Association is set to release figures for October home resales on Monday. The association recently reported that home sales set a monthly record in September and the national average price soared 17.5 per cent from last year.

George Weston earnings

George Weston Ltd. will announce its Q3 2020 results on Tuesday. The company’s subsidiary Loblaw Companies Ltd. beat quarterly expectations and boosted its dividend on Nov. 12 as Canadians continue to spend more on groceries during the COVID-19 pandemic.

October inflation numbers

Statistics Canada will release its Consumer Price Index for October on Wednesday. The agency previously reported that Canada’s headline inflation measure went up in September by 0.5 per cent compared with a year ago, a better-than-expected increase, but one that experts say won’t sway the Bank of Canada’s stimulus measures.

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Metro earnings

Metro Inc. will release its Q4 fiscal 2020 results on Wednesday. The grocer reported Q3 same-store sales growth of 15.6 per cent while additional costs related to operating during COVID-19 started to fall.

Retail trade numbers

Statistics Canada to release retail trade figures for September on Friday. The agency previously reported that retail sales rose 0.4 per cent to $53.2 billion in August, marking the fourth consecutive monthly increase for retail sales since a record drop in April when pandemic-related restrictions shuttered most non-essential businesses.

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