Five Key Business Developments to Watch in Canada This Week
Toronto — Here are five significant happenings to keep an eye on in the Canadian business landscape this coming week:
1. Business Outlook Survey
On Monday, the Bank of Canada will release its business outlook survey along with the Canadian consumer expectations survey. This report comes just before the central bank’s upcoming decision on interest rates and its monetary policy report, which is set to be announced on July 15.
2. Prime Minister Carney’s Travels
Prime Minister Mark Carney will be busy this week, attending the NATO summit in Turkey on Monday before traveling to Saudi Arabia later on. This will be his first meeting with U.S. President Donald Trump since the U.S. decided not to renew its trade deal with Canada and Mexico in its current format.
3. Trade Data Release
On Tuesday, Statistics Canada will publish its trade figures for May. In April, Canada enjoyed a trade surplus of $2.7 billion, marking the second month in a row with a surplus, the largest since January 2025, thanks to rising crude oil exports.
4. Aritzia’s Financial Results
Retail company Aritzia Inc. will unveil its first-quarter financial results after the market closes on Thursday. The Vancouver-based retailer has been making strides in the U.S., opening new stores that have become a solid source of growth and attracting new loyal customers.
5. Job Market Updates
Lastly, on Friday, Statistics Canada will share its latest jobs report through the labour force survey for June. The Canadian economy added 88,000 jobs in May, resulting in a decrease in the unemployment rate by 0.3 percentage points to 6.6%.
Keep an eye on these developments as they unfold throughout the week!
