Five things to watch in the Canadian business world over the coming week:
Target of automatic conversations
Unifor National President Jerry Dias will announce on Tuesday which automaker Detroit Three will be selected to establish the model bargaining agreement, which is traditionally used as a template for agreements with other companies. The union has set a strike deadline for September 21 to reach an agreement.
Scotiabank is hosting its annual summit on banks and financial markets around the world starting Wednesday. The two-day meeting is expected to hear from the CEOs of major Canadian banks after a third quarter that far exceeded them, but warns that a lot of economic uncertainty awaits them.
Bank of Canada rate decision
The Bank of Canada is generally expected to keep its key interest rate target on hold when its rate announcement Wednesday. The tariff decision will be followed by a speech by Governor Tiff Macklem on Thursday, when he is also expected to hold a press conference with reporters.
The Canada Mortgage and Housing Corporation will release its preliminary housing starts figures for August on Wednesday. Exorbitant lumber prices have pushed up the cost of building a new home, while the real estate market has been warm as low mortgage rates helped spur a rebound since their near halt in the spring.
Overview of household debt
Statistics Canada will release its national balance sheet and financial flow accounts for the second quarter on Friday. The report will include the closely watched household debt-to-income ratio for the April to June period, which saw the economy collapse due to restrictions put in place to slow the spread of the COVID-19 pandemic.
Your time is precious. Receive the Top Business Headlines newsletter delivered to your inbox in the morning or evening. register today.