Toronto Star

Five business events to watch this week

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Tea party: DavidsTea reports its first-quarter results Monday and holds its annual meeting on Thursday, when shareholde­rs will weigh in on a proxy battle for board control of the company.

After the storm: Tour operator Transat A.T. Inc. releases second-quarter results on Thursday. The Montreal-based carrier took a $5-million hit in the first quarter after several Caribbean destinatio­ns were devastated by hurricanes last September, and it expects further losses of up to $15 million in the second quarter due to changed travel patterns resulting from the storms.

How much do you owe? Statistics Canada is expected to release its first-quarter figures for household debt on Thursday as part of the national balance sheet and financial flow accounts. The Bank of Canada has pointed to household debt as a key vulnerabil­ity for the financial system, but the central bank said last week that concerns have eased in recent months.

Latest in manufactur­ing: Statistics Canada releases Canada's internatio­nal transactio­ns in securities for April and the monthly survey of manufactur­ing for April on Friday. The agency reported manufactur­ing sales rose 1.4 per cent to $57.1 billion in March, surpassing economists expectatio­ns of a 1.2 per cent gain.

Home sales scorecard: The Canadian Real Estate Associatio­n is expected to release Friday its sales figures for May and its updated quarterly forecast for home sales this year.

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