TORONTO — Five things to watch for in the Canadian business world in the coming week:
MEG Energy results:
MEG Energy is set to release Q3 results on Monday. The Calgary-based company boosted its full-year production guidance in July, to 91,000 to 93,000 barrels per day from 86,000 to 90,000, after reporting $68 million in net profits in the second quarter on a near doubling of revenues.
The Bank of Canada is scheduled to host its annual economic conference Tuesday, focused this year on “Behavioural Macroeconomics and Finance: Implications for Central Bankers.” BoC governor Tiff Macklem will also be delivering closing remarks Tuesday via video conference at a joint conference of the Federal Reserve Board, the Bank of England, the European Central Bank and the Bank of Canada.
Canadian Tire earnings:
Canadian Tire is set to release Q3 results on Thursday. The company said in August that it purchased a 25 per cent stake in a B.C. inland port facility in an effort to bolster its supply chain amid ongoing global logistical problems related to the COVID-19 pandemic.
Cineplex Inc. is expected to release Q3 results on Thursday. The theatre operator’s lawsuit against would-be suitor Cineworld Group PLC is being closely watched by businesses across the country because the ruling could have far-reaching implications for pandemic-inspired litigation.
Freshii Inc. is set to hold a Q3 earnings call on Tuesday. The Toronto-based company signed a deal in October to buy a majority stake in health and wellness product retailer Natura Market ECommerce Inc., with rights to acquire the rest of the business through the first quarter of 2025.