Five things to watch for in the Canadian business world in the coming week
Posted Nov 22, 2015 8:00 am.
Last Updated Nov 22, 2015 8:40 am.
This article is more than 5 years old.
TORONTO – Five things to watch in Canadian business this week:
Premiers’ confab: Prime Minister Justin Trudeau sits down with the country’s premiers on Monday, the first such meeting since 2009. The new prime minister invited Canada’s 10 premiers and three territorial leaders to Ottawa for the meeting, being held a week before he heads to Paris for a global conference on climate change.
Aviation assembly: The country’s new transport minister, Marc Garneau, is expected to attend the International Civil Aviation Organization forum on Monday in Montreal. The event is billboarding aviation as the “engine of development and socio-economic prosperity.” Garneau will likely face questions about beleaguered aircraft-maker Bombardier and Canadian Pacific’s play for U.S. railroad operator Norfolk Southern Corp.
Bombardier boon: The Quebec transportation giant holds its annual investor day on Tuesday in Montreal. Things appear to be looking up for the struggling Bombardier — it’s received a US$1 billion infusion from the Quebec government, and last week it inked a deal that would see the province’s pension fund manager invest US$1.5 billion for a minority stake in the company’s rail business.
Crude spill report: The Royal Society of Canada will release a report Wednesday looking at the environmental effects that crude oil spills have on water. The study is bound to create waves in the energy sector as companies try to forge ahead with their pipeline plans.
Oilpatch battle: The Alberta Securities Commission hears Suncor’s challenge to takeover target Canadian Oil Sands’ poison pill defence on Thursday in Calgary. Suncor, Canada’s largest energy company, says it’s in no rush to sweeten its bid for Canadian Oil Sands.
