Three updates to watch for in the coming week
May 14, 2018 | By The Canadian Press
Three things to watch for in the Canadian business world in the coming week:
Manufacturing numbers
Statistics Canada releases the monthly survey of manufacturing for March on Wednesday. Manufacturing sales increased 1.9 per cent to $55.8 billion in February, following two consecutive monthly decreases. The growth was due mainly to higher sales in the transportation equipment industry.
A look at the national nest egg
The Canada Pension Plan Investment Board releases its latest quarterly results on Thursday. CPPIB CEO Mark Machin said in February that a decline in global stock prices may be an opportunity to get better prices for investments it wants to make. The fund earned a four per cent return in the quarter ended Dec. 31.
Inflation update
Statistics Canada releases the consumer price index for April on Friday. Figures for March revealed that Canada’s annual inflation rate continued to creep higher to hit 2.3 per cent, inching a little farther past the midpoint of the central bank’s ideal range of between one and three per cent.
