FIVE BUSINESS EVENTS TO WATCH THIS WEEK
Canada's Ocean Playground votes: It could be a close call Tuesday night in Nova Scotia. Both the Liberals and Progressive Conservatives have promised to cut taxes for small business and red tape. The NDP have painted themselves as the hero of the proletariat, committing to hiking the minimum wage to $15 and raising taxes on the province's wealthiest. Closing out the big banks: The big-bank earnings wrap up this week with Scotiabank reporting its second-quarter results Tuesday, followed by National Bank of Canada the next day.
Kinder Morgan awaits Wednesday: 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, which would make it one of the biggest IPOs on the Toronto Stock Exchange. Wednesday is also the deadline B.C. Green Leader Andrew Weaver has set for himself to decide whether to strike a deal with the Liberals or the NDP — a decision that could have ramifications on the project's fate. Macroeconomics junkies, take note: Statistics Canada reports the GDP figures for the first quarter on Wednesday and on Friday come the trade figures for April. There are no solitudes: So says CMHC president Evan Siddall, who is set to give a speech Thursday before the Canadian Club of Toronto entitled, "No Solitudes: A Canadian National Housing Strategy."