Five things to watch for in the Cana­dian busi­ness world

The Hamilton Spectator - - BUSINESS -

Spark­ing power and con­tro­versy: Hy­dro One will re­lease its sec­ond-quar­ter re­sults Tues­day. It’s the com­pany’s first earn­ings re­port since it bought U.S. util­ity Avista Corp. for $6.7 bil­lion Cdn last month.

The takeover has been con­tro­ver­sial, as it would see Hy­dro One as­sume own­er­ship of a coal-burn­ing plant in Mon­tana af­ter On­tario weaned it­self off the fuel.

Let’s make a deal: The On­tario Se­cu­ri­ties Com­mis­sion will hold a hear­ing Wed­nes­day to de­cide whether to ap­prove a set­tle­ment with Home Cap­i­tal.

In June, the mort­gage lender struck an $11-mil­lion agree­ment to set­tle its case with the com­mis­sion in­volv­ing al­le­ga­tions of mis­lead­ing dis­clo­sure about fal­si­fied in­for­ma­tion on loan ap­pli­ca­tions.

Seek­ing di­rec­tion: Aimia is set to re­lease its sec­ond-quar­ter re­sults Wed­nes­day af­ter mar­kets close with a con­fer­ence call the next day.

In­vestors and an­a­lysts will be look­ing for an­swers af­ter a bruis­ing few months dur­ing which Air Canada an­nounced it was not re­new­ing its Aero­plan con­tract with the mar­ket­ing firm.

It has lost 80 per cent of share value since. The bot­tom line: Other cor­po­rate earn­ings to take note of this week in­clude Valeant Phar­ma­ceu­ti­cals, Que­becor, Cana­dian Tire, Man­ulife and Sun Life. The eco­nomic docket: There’s not a lot of eco­nomic data to push the nee­dle this week, but for the junkies there’s build­ing per­mits and hous­ing starts on Wed­nes­day fol­lowed by the new hous­ing price in­dex Thurs­day.

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