Five things to watch out for in the Canadian business world next week

TORONTO – Five Things to Watch for in the Canadian Business World Next Week:

Markets will be closed in 2021:

Next week, trading is expected to be volatile during the holiday season due to low volumes. The S&P / TSX composite index rose nearly 25 percent this year, the best performance since 2009, until fears of an Omicron variant caused the Toronto market to fall 5.4 percent in just a few days at the end of November.

October retail:

Statistics Canada will release its October retail sales on Tuesday. A previous agency report found that Canadian retail sales fell 0.6 percent to $ 56.6 billion in September as new car sales slowed due to a shortage of semiconductor chips. Preliminary estimates for October showed monthly retail sales up 1 percent.

BlackBerry revenue:

BlackBerry will call on Tuesday to discuss its third-quarter results. The Waterloo-based company’s net loss rose to $ 144 million in the second quarter as revenue fell 32 percent. John Giamatteo, the former president and chief revenue officer of McAfee, was also announced on October 4 as president of the cyber security company.

October GDP:

Statistics Canada will release GDP data on Thursday. The agency said earlier that the economy was recovering sharply in the third quarter of the year, growing at an annual rate of 5.4 percent after declining in the previous three months.

Holidays:

The TSX and TSX Venture Exchange will close early on Friday Saturday at 1 p.m. ET. It is also closed next Monday and Tuesday instead of the weekend of Christmas and boxing.

This report by The Canadian Press was first published on December 19, 2021.

Canadian press

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