Clothing retailer Roots Corp. will release its first-quarter results on Tuesday. The Toronto-based company is coming off a strong end to the year with net profits increasing 47 per cent to $18.1 million in the fourth quarter as revenues were up 22 per cent to $121.3 million. However, the company’s adjusted net losses are expected to increase to $5.3 million despite higher revenues, according to financial data firm Refinitiv.
will release its April figures on housing starts in Canada on Wednesday. The annual pace of housing starts dipped in March compared with the prior month as urban starts of apartments, condos and other types of multiple-unit housing projects slowed. The seasonally adjusted rate of housing starts came in at 246,243 units, compared with 250,246 in February.