Canada business outlook: interest rates, summit, and earnings

Several key economic and corporate events are scheduled for the upcoming week in Canada. The Bank of Canada is expected to release its interest rate decision and fall monetary policy report on Wednesday, with markets anticipating a potential increase from the current 2.25 per cent level.

In Montreal, Canada will host a Canada-EU Summit starting Thursday. The summit follows efforts by Prime Minister Mark Carney to strengthen ties with Europe, amid proposals from European Commission President Ursula von der Leyen regarding Canada potentially becoming the first associate member of the European Union.

Major Canadian corporations are scheduled to report earnings throughout the week, including Celestica Inc., Agnico Eagle Mines Ltd., Canadian Pacific Kansas City Ltd., Air Canada, and Canadian National Railway Co., among others. Additionally, Statistics Canada will release GDP figures for August and preliminary September estimates on Friday.

Galen Weston, chairman of Loblaw Cos. Ltd., is also scheduled to deliver a speech to the Canadian Club Toronto on Friday regarding the private sector's role in national prosperity.