Five things to watch for in the Canadian business world in the coming week

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This week in Canadian business news, the Bank of Canada should announce its decision for its overnight interest rate target and Statistics Canada is expected to release its national balance sheet and financial flow accounts figures including household debt-to-income numbers for the first quarter of 2021.

The Bank of Canada is expected to announce its decision for its overnight interest rate target on Wednesday. Federal budget officer Yves Giroux said in May that he expects the central bank to raise its trendsetting interest rate by half a percentage point in the second half of 2022, rising thereafter until it hits 2.5 per cent, which would affect rates charged on things like mortgages and business loans.

Transat AT will hold a Q2 conference call on Thursday. The company announced in May that Jean-Marc Eustache was retiring as chair and chief executive. His retirement follows a tumultuous year due to the pandemic that also saw a deal for Transat to be bought by Air Canada fall apart.DavidsTea will hold a creditors meeting on its plan of arrangement under the Companies' Creditors Arrangement Act on Friday.

 

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