Five Canadian business stories to watch this week

Air Canada
Air Canada

CN earnings

CN Rail will release second-quarter results on Tuesday. The railway operator made its final pitch to regulators on July 7 for preliminary approval of its $33.6 billion acquisition of Kansas City Southern railroad.

Rogers earnings

Rogers Communications will release its second-quarter results and hold a conference call on Wednesday. The Toronto-based wireless, internet and media company reported a three per cent increase in first-quarter profit compared with the same time last year, which included the first weeks of Canada’s COVID-19 lockdowns.

Precision Drilling update

Precision Drilling will release second-quarter results on Thursday. In April, CEO Kevin Neveu referred to new greenhouse gas emission targets set by Canada and the U.S. as “extremely aggressive” but added he supports the climate change goals behind the commitments.

OBJ360 (Sponsored)

Air Canada earnings

Air Canada will report its second-quarter results on Friday. The Montreal-based airline said on July 2 that it was seeking the dismissal of the U.S. Department of Transportation’s US$25.5-million fine over Air Canada’s alleged failure to provide prompt refunds after cancelling flights amid the COVID-19 pandemic.

May retail trade figures

Statistics Canada is set to release retail trade numbers for May on Friday. The agency previously reported that retail sales fell 5.7 per cent to $54.8 billion in April, the largest decline since April 2020 during the pandemic’s first wave.

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