TORONTO — Five things to watch for in the Canadian business world in the coming week:
Clarity at TMX
TMX Group, which operates the Toronto Stock Exchange, releases fourth-quarter results on Monday. TMX subsidiary CDS Inc. announced last week that it will not ban marijuana companies with U.S. ties from using the clearing house. The TMX Group has also been reviewing whether pot companies on the exchange that have links to U.S. operations are in violation of its rules.
Restaurant Brands International Inc., the parent company of Burger King and Tim Hortons, discusses fourth-quarter and year-end results on Monday. RBI’s already rocky relationship with Tim Hortons franchisees was strained further after media reports that some Ontario Tim Hortons locations cut worker benefits amid the province's minimum wage hike, sparking protests and calls for boycotts.
West Fraser Timber Co. discusses fourth-quarter and year-end results on Thursday. The Vancouver-based forestry company was slapped with duties of 23.7 per cent, the highest of all Canadian lumber producers, after the U.S. International Trade Commission sided unanimously with the U.S. lumber coalition, which complained that Canadian lumber was subsidized and sold to the American market at artificially low prices.
Marijuana producer Canopy Growth Corp. discusses third-quarter results on Wednesday. Canada’s largest licensed producer is preparing for the legalization of recreational pot this summer with a retail branding effort that will see four brick-and-mortar locations in Newfoundland and Labrador, with more locations across the country where possible.
Bombardier Inc. discusses fourth-quarter and year-end results on Thursday. The Montreal-based aerospace and transportation company’s surprise win at the U.S. International Trade Commission against rival Boeing Co. has industry observers speculating that merger talks between Boeing and Embraer might be accelerated in order to offer an alternative to Bombardier’s C Series plane.
The Canadian Press