CMHC will release a report on foreign buyers in the apartment market on Monday. Foreign buyers taxes were enacted in B.C. in 2016 and Ontario in 2017 as a component of endeavors by the individual provincial governments to cool overheated real estate markets.
Bank earnings
Scotiabank, BMO and CIBC will release first-quarter results one week. The first three months are generally the most grounded quarter of the banks’ financial year, yet showcase instability and slower mortgage growth during the period could weigh on their latest results.
Inflation snapshot
Statistics Canada will release its consumer price index for January on Wednesday. The office’s CPI for December found that Canada’s yearly inflation rate saw an unexpected acceleration to two percent as higher costs for airfares and fresh vegetables offset cheaper prices at the pump.
Flying high
Air Canada CEO Calin Rovinescu speaks at the company’s 2019 investor day on Thursday. An air passenger promotion aggregate a week ago said would-be guidelines that enable aircraft to keep travelers on the landing area for as long as three hours and 45 minutes are “unacceptable” and concede more than twice the time permitted under European Union legislation.
Economic update
Statistics Canada will release final quarter GDP figures on Friday. The Canadian economy developed at a yearly pace of 2.0 percent in the third quarter, compared with an annualized pace of 2.9 percent in the second quarter.
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