5 to things watch
IN THE CANADIAN BUSINESS WORLD IN THE COMING WEEK
1. Pot earnings
Cannabis producers Aurora Cannabis, Canopy Growth, Tilray and Chronos will report their final pre-legalization financial results next week. The rollout of legal pot has been uneven across the country, with significant supply and delivery problems reported in Ontario and Quebec.
2. Transcanada talk
Transcanada Corp. will host its annual investor day in Tuesday. The company said on Friday it remains committed to the Keystone XL crude pipeline project despite a Montana judge’s ruling that it must pass a further environmental review.
3. Profitable trains
CN Rail chief financial officer Ghislain Houle will address the Scotiabank Transportation & Industrials Conference in Toronto on Tuesday. In October, the Montreal-based company reported the highest quarterly revenues of its 99-year year history, helping it address concerns over operating capacity.
4. Loblaw earnings
Loblaw Companies Ltd. discusses third-quarter results on Wednesday. In September the grocer announced that it will record a tax charge of $368-million, or 98 cents per share, in the third quarter related to its former Barbadian banking subsidiary Glenhuron Bank Ltd. after a recent Tax Court of Canada ruling.
5. Monthly housing numbers
CREA is expected to release its monthly home sales data for October on Thursday. Results from September showed that home sales fell for the first time in five months amid weakening markets in Vancouver and Toronto.