TORONTO — Five things to watch for in the Canadian business world in the coming week:
The Bank of Nova Scotia will release its second-quarter results on Tuesday. The bank's CEO recently pushed back at renewed bets against Canada's banking sector and the risk posed by the housing market, saying that the lender has "a lot of buffer" in the event of a significant downturn.
The Bank of Canada will makes its latest interest rate announcement on Wednesday. The central bank's recent financial system health report included climate change as an important vulnerability for the first time, elevating it to a category alongside its long-running worries about household debt and apprehension about the housing market
SNC-Lavalin in court
A Quebec judge will determine if the criminal case against SNC-Lavalin proceeds on Wednesday. The Montreal-based company recently cancelled the sale of part of its stake in 407 International Inc. to the OMERS pension plan, but will sell the stake to one or both of the other owners of the Ontario toll highway.
BMO Financial Group will hold a conference call to discuss its second-quarter results on Wednesday. The bank's CEO recently told reporters that economic growth in Canada is "moderating" but it's "no screeching halt" and the risk of a recession in the coming year is relatively low.
Economic report card
Statistics Canada to release gross domestic product results for March and the first quarter of 2019 on Friday. The agency said last month that GDP pulled back 0.1 per cent in February as both goods-producing and services-producing industries declined.
The Canadian Press