Five Canadian business stories to watch this week


DHX’s doldrums

Children’s entertainment company DHX Media Ltd. discusses third-quarter results on Monday. Executive chairman Michael Donovan recently said the company’s strategic review will be complete by June 30, something he hopes will have a positive effect on DHX’s share price, which has dropped by roughly 50 per cent in the past seven months.

Meet the new Valeant

Valeant Pharmaceuticals CEO Joseph Papa presents at the Bank of America Merrill Lynch Health-care Conference in Las Vegas on Wednesday. The company announced May 8 that it’s changing its name to Bausch Health Companies Inc. as it works to move beyond the issues that tarnished its reputation and caused its market value to plummet.

Manufacturing numbers

Statistics Canada releases the monthly survey of manufacturing for March on Wednesday. Manufacturing sales increased 1.9 per cent to $55.8 billion in February, following two consecutive monthly decreases. The growth was due mainly to higher sales in the transportation equipment industry.

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A look at the national nest egg

The Canada Pension Plan Investment Board releases its latest quarterly results on Thursday. CPPIB CEO Mark Machin said in February that a decline in global stock prices may be an opportunity to get better prices for investments it wants to make. The fund earned a four per cent return in the quarter ended Dec. 31.

Inflation update

Statistics Canada releases the consumer price index for April on Friday. Figures for March revealed that Canada’s annual inflation rate continued to creep higher to hit 2.3 per cent, inching a little farther past the midpoint of the central bank’s ideal range of between one and three per cent.

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