This week in enterprise
The Canadian Press – Mar 13, 2023 / 6:26 am | Story: 415764
Picture: The Canadian Press
Michael Medline, President and CEO of Empire Firm Ltd.
5 issues to observe for within the Canadian enterprise world within the coming week:
Statistics Canada will launch on Monday its nationwide steadiness sheet and monetary movement accounts for the fourth quarter of 2022. The figures embrace the much-watched household-debt-to-income figures for Canadians.
Ritchie Bros.-IAA shareholder votes
Shareholders of Ritchie Bros. Auctioneers Inc. and IAA Inc. are set to vote Tuesday on a deal that might see Ritchie Bros. purchase the U.S. firm. Numerous Ritchie Bros. shareholders have voiced their opposition to the deal, which requires approval by shareholders of each corporations. Ritchie Bros. has mentioned the deal will unlock “substantial extra worth” that neither firm may obtain by itself.
The image of how the economic system began off the yr will grow to be just a little clearer this week. Statistics Canada will launch its month-to-month survey of producing for January on Tuesday adopted by wholesale commerce figures for the primary month of 2023 on Thursday.
House gross sales
The Canadian Actual Property Affiliation is anticipated to launch its house gross sales figures for February on Wednesday. House gross sales in January posted their worst begin to the yr since 2009 as they fell 37.1 per cent in contrast with the beginning of 2022. The precise common worth in January was $612,204, down 18.3 per cent from January 2022.
Grocer Empire Firm Ltd. will launch its third-quarter outcomes on Thursday. Empire chief government Michael Medline was within the scorching seat final week together with different grocery executives who confronted questions at a parliamentary committee learning meals worth inflation on the grocery retailer.