Newspaper article The Canadian Press

Five Things to Watch for in the Canadian Business World in the Coming Week

Newspaper article The Canadian Press

Five Things to Watch for in the Canadian Business World in the Coming Week

Article excerpt

Five things to watch for in Canadian business

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TORONTO - Here are five things to look for in Canadian business this week:

The markets: After one of the most tumultuous weeks on the markets in recent memory, what will this week bring? The Canadian dollar has been on a steep slide and oil continues to drop to levels not seen in more than a decade.

Interest rate announcement: All eyes will be on the Bank of Canada when it announces its trend-setting interest rate on Wednesday. Expectations have mounted in recent days that governor Stephen Poloz will cut the overnight rate by 25 basis points, which would drag it down to 0.25 per cent.

Trans Mountain pipeline hearing: On Tuesday, interveners in the Trans Mountain pipeline expansion project will begin presenting oral arguments before the National Energy Board. The hearing is scheduled to last nearly two weeks. …

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