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

By on January 31, 2016


Shutterstock photo
Shutterstock photo

TORONTO—Five things to watch this week in Canadian business:

WestJet: The Calgary-based airline, which like other airlines had a banner year in 2015, reports its fourth-quarter and year-end earnings on Tuesday. WestJet recently announced it’s cutting or reducing flights between six B.C. cities and Alberta’s major airports by March 5 as the downturn in oil prices weighs on travel demand.

Auditor: Michael Ferguson, Canada’s auditor general, is set to release his fall report Tuesday on a number of federal departments. Among those audited was Shared Services Canada and its so-called transformation plan on IT security, launched under the previous government.

TPP: International Trade Minister Chrystia Freeland is in Auckland, New Zealand on Thursday to join 11 other trade ministers from the Trans-Pacific Partnership at a signing event.

Valeant: Howard Schiller, interim CEO of Montreal-based Valeant Pharmaceuticals, testifies to a House of Representatives committee on Capitol Hill on Thursday. American legislators are looking into pricing practices by big drug companies.

Oilpatch deal: The friendly takeover offer by Suncor Energy for Canadian Oil Sands expires on Friday, two days after Suncor releases fourth-quarter results. The company, Canada’s dominant oilsands player, is looking for at least 51 per cent of COS shares to be tendered to its revised offer, which now has the support of the COS board and major shareholder Seymour Schulich.