John, meet Justin: John Horgan is expected to head to Ottawa this week to meet Prime Minister Justin Trudeau for the first time since he became British Columbia’s premier. Horgan and Trudeau don’t see eye-to-eye on the Trans Mountain pipeline expansion. Trudeau has endorsed the project, while Horgan has vowed to do what he can to prevent it from proceeding.
The earnings parade: It’s going to be a heavy earnings week, with many companies in the forestry, mining and oil and gas sectors reporting. Among those releasing their latest quarterly results are Barrick Gold, Goldcorp, Suncor Energy, Cenovus Energy and Canfor.
Taking over Tembec: Shareholders in Quebec forestry products firm Tembec will vote Thursday on a friendly takeover offer by Florida-based Rayonier Advanced Materials. But the deal appears in doubt. Two of Tembec’s largest shareholders have come out against the agreement and have been trying to sway others to reject it.
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Bombardier reports: Interest in Bombardier’s financial performance extends beyond the investment community, particularly given the public money the company has received to support its CSeries aircraft. The plane and train manufacturer reports its second-quarter results on Friday.
Keeping an eye on the economy: Statistics Canada comes out Friday with the GDP figures for May. Steady economic growth this year helped convince the central bank to raise its key interest rate earlier this month, and you can bet all eyes will be on this latest batch of data to see if that’s continuing and whether another hike is in store.
