Five Canadian business stories to watch this week


Jobs numbers

Statistics Canada will release job numbers for September on Friday. The report for August showed Canada had a net loss of 51,600 jobs, a claim that was questioned by analysts and industry leaders as it contradicted the existence of a tight labour market.

BoC on crypto

Bank of Canada deputy governor Timothy Lane will deliver a speech on “Decrypting Crypto” at the University of Calgary on Monday. Senior deputy governor Carolyn Wilkins said earlier this year referred to cryptocurrencies as “crypto assets,” rather than currencies because “they do not perform any of the key functions of money” and called for a set of globally aligned policies governing cryptocurrencies.

SNC-related trial to begin

A fraud trial set to start for one of the accused in an alleged fraud case involving former SNC-Lavalin executives in the awarding of the contract for Montreal’s $1.3-billion superhospital on Monday. Yohann Elbaz is one of five people who have been charged in the alleged $22.5-million fraud case, including three former SNC-Lavalin executives and Elbaz’s brother, a former McGill University Health Centre executive.

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CMHC stress test

Canada Mortgage and Housing Corp. releases the results of its annual stress test on Tuesday. Results from the test last year showed it was well positioned to weather severe scenarios such as anti-globalization sentiment, earthquakes, a steep fall in oil prices and a U.S.-style housing correction.

Calgary lookahead

Calgary Economic Development hosts its 2019 economic outlook event on Wednesday. A recent TD Bank report found that Alberta’s battered economy is headed in the right direction, but warned that a lack of investment in the province – particularly in the oil and gas sector – remains a concern.

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