The Canadian business landscape will see a busy week ahead with important earnings reports and economic updates. Among the key events are corporate earnings from major companies such as Rogers Communications, First Quantum Minerals, TFI International, and Teck Resources, along with retail trade data from Statistics Canada. These events could offer insights into the state of Canada’s economy and the outlook for key industries. Here’s a quick rundown of what to expect.
Rogers Communications Q1 Results and Annual Meeting
Rogers Communications Inc. is set to release its first-quarter financial results on Wednesday morning, followed by the company’s annual shareholder meeting. Investors will be keen to see how the telecom giant has performed, especially after Rogers recently secured a groundbreaking 12-year agreement with the National Hockey League (NHL). The deal, worth $11 billion, grants Rogers exclusive media rights to NHL games across all platforms in Canada. This strategic partnership is expected to boost the company’s media revenue. The results will provide a closer look at Rogers’ financial health as it navigates the evolving Canadian telecom and media landscape.
First Quantum Minerals Q1 Results and Arbitration Update
On Wednesday afternoon, First Quantum Minerals Ltd. will announce its first-quarter results after the close of trading. The company, known for its mining operations in the Americas, will host a conference call with analysts and investors on Thursday. First Quantum’s performance will be under scrutiny after it announced earlier this month that it had agreed to suspend two arbitration proceedings related to its Cobre Panama mine. Production at the mine was halted in 2023 following large-scale protests and a court ruling that deemed a government agreement on the mine unconstitutional. The resolution of the arbitration proceedings follows negotiations with Panama’s legal team and could have significant implications for the company’s future operations in the region.
TFI International’s Q1 Earnings Report
TFI International Inc., Canada’s largest trucking company, will release its first-quarter results on Wednesday after the market closes. The company’s earnings will be closely monitored, particularly following its warning earlier this year that the first half of 2025 is expected to be “more difficult” than the same period in 2024. TFI’s performance in the logistics and transportation sector will offer insights into the challenges facing the Canadian trucking industry amid a challenging economic environment. A Thursday morning conference call will provide additional details and forecasts for the upcoming quarters.
Teck Resources Q1 Financial Results
Teck Resources Ltd. will report its first-quarter results before the market opens on Thursday. The Vancouver-based mining giant, which specializes in metals like zinc and copper, has been navigating the potential impact of U.S. tariffs on its operations. Teck had previously mentioned that it may seek alternative trade routes for some of the metals it refines in British Columbia if the U.S. proceeds with imposing tariffs. The company’s performance in the face of these global trade tensions and its plans for navigating supply chain challenges will be key topics during Thursday’s conference call with analysts and investors.
Retail Trade Data from Statistics Canada
On Friday, Statistics Canada will release its retail trade figures for February, shedding light on the state of consumer spending in the country. In January, Canadian retail sales dipped 0.6% to $69.4 billion, and preliminary data suggests a slight decline of 0.4% for February. The retail sector has faced challenges in recent months, including high inflation and shifting consumer behavior. Economists will be watching the February figures closely to assess how Canadian retailers are adapting to changing conditions and whether consumer confidence is improving.
