Key Events in Canadian Business for the Upcoming Week

TORONTO — Here are five significant events to monitor in the Canadian business landscape for the week ahead:

Trump Inauguration

On Monday, U.S. president-elect Donald Trump will officially take office. He has warned that he may levy 25 percent tariffs on products imported to the U.S. from Canada and Mexico on his first day, unless these countries take action to stop illegal border crossings and curb the flow of unlawful drugs into the United States.

Business Outlook Survey

The Bank of Canada plans to publish its business outlook survey alongside the Canadian survey of consumer expectations on Monday. These reports will provide insights ahead of the central bank's upcoming decision on interest rates, scheduled for January 29. Last year, the Bank of Canada reduced its key policy interest rate five times, bringing it down to 3.25 percent.

Inflation Data

Statistics Canada will release its consumer price index for December on Tuesday, which includes the latest updates on inflation. The annual inflation rate was recorded at 1.9 percent in November, slightly down from 2 percent in October.

Investment Conference

CIBC will host its Western Institutional Investor Conference in Whistler, B.C., starting on Wednesday. This annual gathering will feature executives from various Canadian firms and will occur during the initial days of Trump’s presidency.

Retail Sales Figures

On Thursday, Statistics Canada will publish retail trade statistics for November. Early estimates suggest that sales were relatively stable during this month, having increased by 0.6 percent to $67.6 billion in October.

This report summarizes the key developments to watch in Canadian business for the week ahead.

Tariffs, Inflation, Investment, Retail, Economy