What to watch for in Canadian business this week:
Hydro One Ltd. discusses second-quarter results on Tuesday. Ontario’s new Progressive Conservative government recently introduced legislation that would give it sweeping new powers over executive compensation at the partially privatized utility.
Cannabis giant Canopy Growth Corp. releases first quarter results on Tuesday, while Metro Inc. discusses third-quarter grocery industry results on Wednesday. Statistics Canada releases the monthly survey of manufacturing for June on Thursday. The survey for May showed that Canadian manufacturing sales bounced back 1.4 per cent to $57.1 billion, beating economists’ expectations of 0.5 per cent.
A pair of reports will shed light on Canada’s real estate market this week. Canada Mortgage and Housing Corporation will release a report on homeowners debt on Tuesday, and the Canadian Real Estate Association will have home sales activity for July on Wednesday.