HomeNewsNewsCanadian business news the week of Oct. 24, 2021

Canadian business news the week of Oct. 24, 2021


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

BoC rate announcement:

The Bank of Canada is scheduled to release its latest interest rate decision and its quarterly monetary policy report on Wednesday. September’s inflation rate came in at 4.4 per cent — the fastest annual pace since February 2003 — according to Statistics Canada, though Bank of Canada governor Tiff Macklem said last week that recent inflation readings are “transitory,” and that rate adjustments would only be spurred by more long-term pressures.

Suncor earnings:

Suncor Energy Inc. is set to release Q3 results on Wednesday. The Calgary-based company said on Oct. 1 that it had assumed operatorship of the Syncrude oilsands project — one of the largest operations in the oilsands — in a bid to improve its performance.

Shopify results:

Shopify Inc. is expected to release Q3 results on…

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