Canadian businesses and investors are heading into another closely watched week, with economic data, interest-rate signals, housing activity and energy policy expected to shape the outlook.
Here are five developments to watch:
1. Alberta and Ontario Premiers Discuss Canada’s Economic Future
Alberta Premier Danielle Smith and Ontario Premier Doug Ford are scheduled to appear together at an event in Calgary on Monday to discuss Canada’s economic future. Their focus is expected to include how Canada can build, transport and sell its energy to international markets.
The event comes as Canada continues to seek greater economic diversification amid ongoing trade uncertainty with the United States.
2. Statistics Canada Releases July GDP Data
Statistics Canada is set to release its July gross domestic product report on Tuesday. The agency’s preliminary estimate indicated that real GDP was essentially unchanged during the month, with gains in real estate, rental and leasing, and professional, scientific and technical services offset by declines in retail trade and manufacturing.
The figures will provide a fresh look at the health of the Canadian economy following stronger growth in the second quarter.
3. Bank of Canada Official Carolyn Rogers Speaks
Bank of Canada Senior Deputy Governor Carolyn Rogers is scheduled to deliver a speech in Victoria on Thursday.
The central bank recently kept its key interest rate at 2.25%, while policymakers continue to assess the competing effects of inflation, elevated energy prices and trade-related risks to economic growth.
4. Housing Market Data Comes Into Focus
New September home-sales figures from major Canadian markets are expected to emerge toward the end of the week, including data from Calgary and Vancouver.
National home sales in August were down 6.9% from the same month a year earlier, making upcoming regional figures important for assessing whether Canada’s housing market is gaining or losing momentum.
5. Build Canada Homes Faces Continued Attention
Ana Bailão, head of Build Canada Homes, the federal Crown corporation established to help increase the supply of affordable housing, is scheduled to speak at the Empire Club in Toronto on Friday.
Housing affordability and increasing the supply of homes remain major economic priorities for the federal government, making the organization’s progress a key issue for businesses, developers and Canadians.
Meanwhile, the broader economic backdrop remains uncertain. The Bank of Canada has warned that recently imposed U.S. tariffs could significantly slow Canadian growth later this year, while businesses are adapting by changing supply chains and looking for opportunities beyond the United States.
Swifteradio.com
