The Bank of Canada is scheduled to make its latest interest rate announcement on Wednesday. The central bank is widely expected to keep its key rate on hold at 0.25 per cent, however economists will be looking for any comments it has about its outlook for the economy.
Bank of Canada deputy governor Tony Gravelle is to make a speech to the Greater Sudbury Chamber of Commerce the day after the rate announcement on Thursday.Luxury parka company Canada Goose Holdings Inc. will report its fourth-quarter and full-year results and hold a conference call with financial analysts on Wednesday. The company cut 125 staff in May in a move to address the impact of the pandemic.
The company said in March that demand for dairy products at retail stores spiked amid the COVID-19 outbreak while orders from food-service operators all but disappeared, aside from quick-service restaurants that continued to serve takeout.Statistics Canada will release the international merchandise trade figures for April on Thursday. The country's trade deficit grew to $1.4 billion in March as both exports and imports fell due to the COVID-19-related economic slowdown.
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