Five things to look out for in the Canadian business world in the coming week

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

OSFI domestic stability buffer

The Office of the Superintendent of Financial Institutions will make its semiannual announcement on Tuesday regarding the domestic stability buffer, which regulates the amount of capital major banks must have on hand. The stability buffer, currently set at 3%, applies to domestic systemically important banks and is set twice a year, but can be changed at other times if necessary.

Investor Day Great-West Lifeco

Great West Lifeco Inc. holds an investor day presentation on Tuesday. The company last month announced a deal to sell US-based asset manager Putnam Investments to Franklin Templeton and agreed to a strategic partnership with the company.

Deliberations of the Bank of Canada

The Bank of Canada will publish a summary of deliberations for its latest interest rate decision on Wednesday. The central bank raised its policy rate by a quarter of a percentage point to 4.75 percent earlier this month after agreeing to a conditional pause earlier this year.

Retail sale

Statistics Canada will release retail sales for April on Wednesday. Retail sales fell 1.4 percent to $65.3 billion in March. In a preliminary estimate for April released last month, the agency said data pointed to a 0.2 percent gain for the month but warned the figure would be revised.

Empire results

Empire Company Ltd. will publish its fourth-quarter results on Thursday. The supermarket giant saw its third-quarter results fall from a year earlier due to continued inflation, changing customer habits due to higher costs and a cyber-attack.

This report from The Canadian Press was first published on June 18, 2023.

Companies in this story: (TSX:EMP.A, TSX:GWO)

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