TORONTO – 5 issues to observe for within the Canadian enterprise world within the coming week:
Insurers’ earnings: Nice-West Lifeco will kick off the main insurers’ Q2 earnings on Tuesday, adopted by Manulife and Solar Life on Wednesday. A Nice-West subsidiary lately signed a $4.45-billion deal to purchase Prudential Monetary Inc.’s retirement enterprise, as the corporate goals to deepen its presence within the U.S. market.
BCE outcomes: BCE Inc. will maintain a Q2 earnings convention name on Thursday. The telecom firm, together with rivals Rogers Communications and Telus, lately bought a whole lot of licences for a key band of 5G wi-fi spectrum from the federal authorities, which auctioned off $8.9 billion in spectrum.
Magna replace: Magna Worldwide Inc. will maintain a Q2 convention name on Friday. The Ontario-based auto components producer lately inked a deal to amass Swedish automotive security know-how agency Veoneer for US$3.8 billion as a part of its aim of turning into a worldwide chief in superior driver help know-how.
July jobs numbers: Statistics Canada is scheduled to launch its Labour Pressure Survey for July on Friday. The company beforehand reported that the economic system added 230,700 jobs in June — all of them part-time — as restrictions put in place to sluggish the pandemic had been rolled again throughout the nation.
Western Forest earnings: Western Forest Merchandise will maintain a Q2 earnings name on Friday. Rivals Resolute Forest Merchandise and West Fraser Timber Co. each reported sturdy earnings final week, thanks partly to hovering lumber costs ensuing from a increase in house renovation tasks.
This report by The Canadian Press was first printed August 1, 2021.