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Five Key Things to Monitor in the Canadian Business World This Week

Inflation Update

Statistics Canada is set to unveil its latest report on inflation in the upcoming week. The consumer price index for July is expected to be released on Tuesday, providing insights into the country’s economic health. With the annual inflation rate at 2.7% in June, a slight decrease from the previous month, analysts will be closely watching for any significant shifts.

Railway Labor Negotiations Deadline

Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. are facing a critical deadline this week in their labor negotiations with the Teamsters Canada Rail Conference. If an agreement is not reached, both companies have indicated they will lock out employees on Thursday. Such a move could lead to substantial disruptions in the transportation of goods nationwide, impacting various industries.

TD Bank Quarterly Financial Results

Market watchers will turn their attention to TD Bank Group as it announces its third-quarter financial results on Thursday. Following setbacks related to its U.S. anti-money laundering program, TD Bank’s performance will be under close scrutiny. The outcome of this earnings report could have broader implications for Canada’s banking sector.

Air Canada Pilot Strike Vote

Air Canada’s pilots are nearing the conclusion of their voting process on a potential strike. Represented by the Air Line Pilots Association, the pilots are seeking to address wage disparities compared to their counterparts in the United States. The outcome of this vote could impact the airline industry and passenger travel in the country.

Retail Sales Data Release

On Friday, Statistics Canada will publish its retail sales figures for June, offering insights into consumer spending trends. The agency’s initial estimate suggests a slight decline of 0.3% for the month. This data will be closely analyzed by economists and businesses to gauge the overall health of the retail sector.

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Companies mentioned: (TSX:CNR, TSX:CP, TSX:AC, TSX:TD)

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