Five things to watch in the Canadian business world in the coming week
TORONTO – Five things to watch in the Canadian business world in the coming week:
Start of spectrum auctions:
Innovation, Science and Industry Canada will hold an auction on Tuesday to license 3,500 MHz spectrum for use in 5G wireless networks. Shaw Communications Inc. will not participate due to its planned acquisition by Rogers Communications. Independent internet provider TekSavvy Solutions has also said it will step down due to a recent CRTC ruling on wholesale internet tariffs.
May Real Estate Numbers:
The Canadian Real Estate Association is expected to release nationwide home sales figures for the month of May on Tuesday. The association previously reported that the breakneck pace of home sales that started the year began to slow in April, as the number of homes sold that month fell 12.5% from the all-time high set in March.
CBSA strike votes begin:
Strike votes for workers at the Canada Border Services Agency begin Wednesday. The workers have been without contracts for nearly three years and are seeking better protections for staff which the Public Service Alliance of Canada union says would bring them closer to other law enforcement staff in the world. across Canada.
DavidsTea is holding its annual meeting of shareholders on Thursday. The insolvent beverage company said on June 11 that creditors had approved its plan of arrangement to distribute about $ 18 million to them in Canada and the United States.
On Friday, Mark Carney will speak at an event organized by the Montreal Foreign Relations Council on international finance as a key to the fight against climate change. The former governor of the Bank of Canada told participants at the Davos World Economic Forum in January that politicians can help markets finance the transition to zero-emission economies by setting credible future commitments.
This report by The Canadian Press was first published on June 13, 2021.