TORONTO — Five things to watch for in the Canadian business world in the coming week:
The Bank of Nova Scotia will hold its annual Financials Summit on Wednesday and Thursday, featuring speakers from the big Canadian banks. The conference comes in the wake of mixed third-quarter results that saw Canada’s six largest banks earn a collective $12 billion despite macroeconomic headwinds.
Toronto Global Forum
The Toronto Global Forum kicks off on Wednesday. The three-day event, themed “navigating a world of disruption” will feature speakers including Manulife CEO Roy Gori, Linamar CEO Linda Hasenfratz, MLSE CEO Michael Friisdahl and former White House communications director Anthony Scaramucci.
The Bank of Canada will make its interest rate announcement on Wednesday. The central bank is largely expected to keep its key interest rate target on hold this time, but economists will be looking for indications of when it might cut interest rates later this fall amid growing concerns about the global economy and the impact of the U.S.-China trade war.
Big pot party
The MJBizCon Int’l cannabis industry conference kicks off in Toronto on Wednesday. As Canada approaches its one-year anniversary of the legalization of cannabis and investors wonder if the pot market’s best days are behind it, the conference will explore what’s next for the Canadian market and beyond.
August job numbers
Statistics Canada will release Labour Force Survey results for August on Friday. The agency said that Canada lost 24,200 jobs in July and its unemployment rate moved up to 5.7 per cent to give the economy its weakest three-month stretch of job creation since early 2018.