Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week:
Before the first week of trading in 2023 gets underway, the Toronto Stock Exchange will be closed for trading Monday in lieu of New Year’s Day. Experts say economic data will continue to drive North American markets in the new year as investors look for signs that central banks will continue to wind down the pace of interest rate hikes.
Home sales figures for December will start coming out this week. The Calgary Real Estate Board is expected to release its December figures on Tuesday, while the Real Estate Board of Greater Vancouver is expected to release its figures on Wednesday, and the Toronto Regional Real Estate Board is expected to release its December figures Thursday.
Statistics Canada will release its international merchandise trade figures for November as well as its figures for Canadian international trade in services on Thursday. Canada’s merchandise trade surplus was $1.2 billion in October as a depreciation in the Canadian dollar helped lift the value of both exports and imports.
Statistics Canada will release its labour force survey for December on Friday. The agency reported the Canadian economy added 10,000 jobs in November as the unemployment rate dropped slightly to 5.1 per cent compared with 5.2 per cent the month before.
Statistics Canada is expected to release third-quarter results of national tourism indicators on Friday. The data will provide insight into how the industry fared during the busy summer travel season.
This report by The Canadian Press was first published Jan. 1, 2023.
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