Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week:

Tilray earnings

Cannabis company Tilray Inc. will hold a conference call to discuss its fourth-quarter and full-year results on Monday. The pot producer announced last month it was laying off 10 per cent of its workforce, a move it said would make it more likely to meet the needs of the industry and foster growth in 2020 and beyond.

Interest rate announcement

The Bank of Canada will announce its decision for the overnight rate target on Wednesday. Economists believe the central bank may announce a rate cut in order to deal with a range of economic headwinds including the novel coronavirus, global trade tensions and ongoing rail blockades related to oil and gas projects.

Latest jobs numbers

Statistics Canada will release its labour force survey for February on Friday. The agency reported earlier this month that the Canadian economy added 34,500 jobs in January, fuelled by gains in the manufacturing, construction and agriculture industries. The unemployment rate fell to 5.5 per cent compared with 5.6 per cent in December.

Recipe Unlimited earnings

Recipe Unlimited Corp. will hold a conference call with analysts to discuss its fourth-quarter and year-end results on Friday. The company behind Swiss Chalet, St. Hubert and the Keg plunged to a record low of $20.01 in November after it reported “disappointing” Q3 results. Since then, shares have sunk even further to $16.10.

Morneau economic update

Finance Minister Bill Morneau is scheduled to deliver a speech on the state of the Canadian economy on Friday in Toronto. Statistics Canada reported on Friday that economic growth in the country slowed over the last three months of 2019 for its worst quarter in three years, limping into 2020 and facing headwinds from trade uncertainty and the novel coronavirus outbreak.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer hospital bracing for COVID-19 impact

“We’re all worried about what’s coming, but I think we feel confident”

Non-profits that are helping people impacted by COVID-19 can apply for relief funding

Red Deer and District FCSS can draw from a provincial pot of $30 million

Bank of Canada cuts key interest rate target while Libs up wage subsidy

OTTAWA — Canada’s central bank made yet another unscheduled rate cut Friday… Continue reading

A message from the Advocate publisher

In good times and bad, The Red Deer Advocate has been here… Continue reading

WATCH: COVID-19 doesn’t stop Red Deer Public Library from telling stories

Deb Isbister has been reading stories to children for more than 20… Continue reading

Alberta Health Services provides COVID-19 prevention tips

Alberta Health Services has a number of recommendations for people amid the… Continue reading

Alberta government website has latest COVID-19 statistics

Red Deer Advocate readers can stay up to date on the COVID-19… Continue reading

A message from Central Alberta Co-op

The COVID-19 pandemic is a global challenge that’s having a real impact… Continue reading

POLL: How would you rate governments’ response to the COVID-19 virus?

How would you rate governments' response to the COVID-19 virus?… Continue reading

Regions brace to fight rising flood waters and cases of COVID-19

Pontiac is one of dozens of flood-prone regions bracing for the possibility of rising waters

Feds working to get 248 Canadians stranded on COVID-19-infected cruise ship home

The federal government is working with the Panamanian government and Holland America

Trudeau says air, train travel to be denied for anyone with COVID-19 symptoms

Boarding of domestic flights and trains will be denied to those showing symptoms related to COVID-19

4 passengers dead aboard cruise ship anchored off Panama

4 passengers dead aboard cruise ship anchored off Panama

Most Read