Five Canadian business stories to watch this week

Tim Hortons
Tim Hortons

RBI earnings

Restaurant Brands International Inc., the parent company of Burger King and Tim Hortons, discusses second-quarter results on Wednesday. A group of U.S. Tim Hortons franchisees filed a lawsuit on July 24 alleging their parent company engaged in price gouging and equity theft.

Point taken

Aimia Inc. releases second-quarter results on Friday. The Montreal-based company is coming off a week in which an Air Canada-led consortium proposed buying its Aeroplan loyalty rewards asset at a heavily discounted price, and it rejected an unsolicited US$180-million bid by Grupo Aeromexico to buy its stake in their joint loyalty program PLM.

BCE earnings

Telecom and media giant BCE Inc. discusses second-quarter results on Thursday. The Canadian Radio-television and Telecommunications Commission has invited Canadian consumers to tell the federal regulator about their personal experience with misleading or abusive sales practices at the country’s telecommunications companies.

OBJ360 (Sponsored)

Economic update

Statistics Canada releases the gross domestic product by industry for May on Tuesday. Real GDP for the previous month edged up 0.1 per cent, slightly above economists’ expectations, as gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction.

Bombardier earnings

Aircraft and train builder Bombardier Inc. discusses second-quarter results on Thursday. One of the founders of WestJet Airlines Ltd. and JetBlue Airways Corp. committed on July 17 to buy 60 Airbus A220-300 (formerly Bombardier’s C Series) aircraft for a new U.S. airline he is launching.

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