What to watch for in Canadian business this week
It could be a close call Tuesday night in Nova Scotia’s provincial election. Both the governing Liberals and Progressive Conservatives have promised to cut taxes for small business and red tape. The NDP has committed to raising taxes on the province’s wealthiest.
The big bank earnings wrap up this week with Scotiabank’s second-quarter results Tuesday, followed by National Bank of Canada the next day. Kinder Morgan’s IPO for the Trans Mountain pipeline expansion is set to close Wednesday. The company’s goal is to raise $1.75 billion.
Statistics Canada reports the GDP figures for the first quarter on Wednesday and on Friday come the trade figures for April.
Canada Mortgage Housing Corporation
president Evan Siddall is set to give a speech Thursday before the Canadian Club of Toronto entitled No Solitudes: A Canadian National Housing Strategy.