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

Tea party

DavidsTea reports its first-quarter results Monday and holds its annual meeting on Thursday, when shareholders will weigh in on a proxy battle for board control of the company. Proxy advisory firm Glass, Lewis & Co. has recommended shareholders back the management board nominees in its fight with co-founder Herschel Segal, who says management is not focused on the right priorities and is seeking changes at the company.

After the storm

Tour operator Transat A.T. Inc. releases second-quarter results on Thursday. The Montreal-based carrier took a $5-million hit in the first quarter after several Caribbean destinations were devastated by hurricanes last September, and it expects further losses of up to $15 million in the second quarter due to changed travel patterns resulting from the storms.

How much do you owe? …

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