Five things to watch for in the Canadian business world in the coming week
The Canadian business landscape faces a busy week featuring a major acquisition of ARC Resources by Shell, a Bank of Canada interest rate decision, and potential labor strikes at WestJet. Additionally, investors are tracking financial results from Cogeco and key housing market data.
Why it matters
These events provide critical indicators for the Canadian economy, affecting inflation, labor relations, and the housing sector.
TORONTO — Five things to watch for in the Canadian business world in the coming week:
ARC Resources Ltd. shareholders are set to vote Tuesday on a deal that will see the company acquired by Shell plc in a stock-and-cash deal valued at $22 billion, including assumed debt. The deal gives Shell access to ARC’s holdings in the prolific Montney shale formation.
The Bank of Canada will make an interest rate announcement and release its latest monetary policy report on Wednesday. The decision comes as the annual inflation rate rose to 3.2 per cent in May, pushed higher by gasoline prices. The central bank is widely expected to keep its policy interest rate on hold at 2.25 per cent.
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