The Week Ahead: Bank of Canada rate decision; lottery for Ontario pot shop licences

Noah Zivitz

Managing Editor, BNN Bloomberg

Archive

Jan 4, 2019

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BNN Bloomberg sets up the week ahead with what investors need to know. 

Monday, January 7

-Notable data: U.S. factory orders, U.S. durable goods orders, ISM U.S. services index

-Expressions of interest for Ontario cannabis store licences can be submitted starting today (and up until Jan. 9)

-GM expected to respond to Unifor by this date regarding options to keep Oshawa plant open

-U.S. delegation in Beijing for trade talks with China government

Tuesday, January 8

-Notable data: Canadian trade balance, U.S. trade balance

-RBC Capital Markets holds Canadian Bank CEO conference (Dave McKay @ time TBC, Darryl White @ 0915, Victor Dodig @ 1005, Bharat Masrani @ 1045, Louis Vachon @ 1245, Brian Porter @ 1325)

-World Bank releases Global Economic Prospects

Wednesday, January 9

-Notable earnings: Constellation Brands, Aritzia

-Bank of Canada releases interest rate decision and monetary policy report (1000, plus news conference at 1115)

-U.S. Federal Reserve releases minutes from last FOMC meeting (1400)

-Brexit debate resumes in U.K. Parliament

Thursday, January 10

-Notable earnings: Cogeco, Postmedia

-Notable data: Canadian building permits, Canadian new housing price index

-U.S. Federal Reserve Chairman Jerome Powell addresses Economic Club of Washington (1200)

Friday, January 11

-Notable earnings: Aphria, Corus Entertainment

-Notable data: U.S. CPI

-Alcohol and Gaming Commission of Ontario holds lottery for cannabis retail store licences (results to be released within 24 hours)