Five business events to watch this week
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.