Five Canadian business stories to watch this week

CP Rail results

CP Rail CEO speaks with investors after releasing first-quarter financial results on Tuesday. Analysts on average expect the railway to report a profit of $3.02 per share for the quarter on revenue of $1.78 billion, according to Thomson Reuters Eikon.

Wholesale trade

Statistics Canada releases wholesale trade data for February on Tuesday. The agency reported that wholesale sales climbed 0.6 per cent to $63.5 billion in January to mark a second consecutive monthly gain, beating economists’ expectations of an increase of 0.5 per cent.

Lululemon analyst day

Lululemon Athletica Inc. hosts its analyst day on Wednesday. The Vancouver-based company announced in March its plan to expand its product offering and roll out a national loyalty membership plan after its profit surged more than 80 per cent in its most recent quarter, blowing past analysts’ expectations.

Bank of Canada

The Bank of Canada will make an interest rate announcement and release its latest economic outlook in its monetary policy report on Wednesday. The central bank is widely expected to keep its key interest rate on hold at 1.75 per cent, but its economists will scrutinize the economic outlook for changes after the weakness seen at the end of 2018.

TransAlta tiff

TransAlta Corp. will hold its 2019 annual and special meeting of shareholders on Friday in Calgary. Activist shareholders Mangrove Partners and Bluescape Energy Partners say they will withhold support for three of TransAlta’s directors to protest a $750-million deal between the utility company and Brookfield Renewable Partners.

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