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


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

Cineplex meeting
Cineplex Inc. will hold its annual shareholder meeting on Tuesday. The Toronto-based movie exhibitor’s shares tumbled last week, first on news that the latest James Bond film would be delayed, followed by Ontario’s closure of movie theatres in some regions in response to rising COVID-19 infection rates.

Aritzia results
Aritzia Inc. will hold a conference call with analysts after releasing its second-quarter results on Wednesday. The Vancouver-based retailer reported a Q1 loss and revenue drop after temporarily closing all its stores due to COVID-19 health precautions, but said it sees an opportunity to expand its business amid the global pandemic.

September housing numbers
The Canadian Real Estate Association is set to release September home sales numbers on Thursday. CREA reported record home sales and prices in August, but said the increase was uneven as the housing market levelled off in some regions.

Aphria results
Cannabis company Aphria Inc. will hold a conference call to discuss its first-quarter results on Thursday. The Leamington, Ont.-based company posted a $98.8 million Q4 net loss and a $64 million non-cash asset impairment expense, linked mainly to its international operations in Colombia, Jamaica and Lesotho.

Corus earnings
Corus Entertainment Q4 results will be released before markets open Friday, followed by a conference call. The media company posted a Q4 loss of $752.3 million despite increased viewership and engagement across all its platforms during the first wave of the COVID-19 pandemic.

This report by The Canadian Press was first published October 12, 2020.

Companies in this story: (TSX:CGX, TSX:ATZ, TSX:APHA, TSX:CJR.B)

The Canadian Press

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