TORONTO — Five things to watch for in the Canadian business world in the coming week:
Home sales:
The Canadian Real Estate Association is expected to release home sales figures for July on Monday. Home sales across the country in June fell for the third consecutive month as the market continued to slow from its March highs.
June economic data:
Statistics Canada will release June wholesale trade and monthly survey of manufacturing data on Monday and retail sales for the month on Friday.
Housing starts:
Canada Mortgage and Housing Corp. will release housing starts for July on Tuesday. The seasonally adjusted annual rate of housing starts fell 1.5 per cent to 282,070 units in June compared with 286,296 in May.
Inflation:
Statistics Canada will release its consumer price index for July on Wednesday. The annual pace of inflation was 3.1 per cent in June, down from 3.6 per cent in May when the consumer price index posted its largest yearly increase in a decade.
Railway fight:
Kansas City Southern shareholders are to vote Thursday on a takeover offer from Canadian National Railway Co. However, the U.S. railway has said that if the U.S. Surface Transportation Board does not release its ruling on a key trust CN wants to use to conduct the deal by Tuesday, KCS will delay the vote.
This report by The Canadian Press was first published Aug. 15, 2021.
Companies in this story: (TSX:CNR, TSX:CP)
The Canadian Press
