Five Canadian business stories to watch this week


Reading the BoC tea leaves

Deputy Bank of Canada governor Lynn Patterson will speak before the Investment Industry Association of Canada on interest-rate benchmarks on Monday. The central bank has raised its key interest rate target three times since last summer and is expected to raise the trend-setting rate again later this year.

Flying the cheaper skies

Swoop Airlines hosts a media day before the launch of its ultra low-cost service on Tuesday at Hamilton International Airport. The launch of WestJet’s ultra-low cost carrier has been a source of contention between the airline and its pilots.

Latest inflation numbers

Statistics Canada releases the consumer price index for May on Friday. In April, the annual inflation rate cooled slightly to 2.2 per cent to remain just above the two per cent midpoint of the Bank of Canada’s range.

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BlackBerry momentum?

Analysts will be watching to see if BlackBerry Ltd. can replicate its most recently quarterly performance when it reveals first-quarter results on Friday. The former smartphone manufacturer reported higher revenue and adjusted earnings in the fourth-quarter than expected, which CEO John Chen attributed to his strategy to focus on software.

Wholesale trade

Statistics Canada releases wholesale trade figures for April on Thursday. Figures from the previous month showed that wholesale sales rose 1.1 per cent to $62.8 billion, more than offsetting a decline in February.

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