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TORONTO — Five things to watch for in the Canadian business world in the coming week:
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Settlement hearing in bread class action
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A $500-million settlement in a pair of class-action lawsuits involving Loblaw Cos. Ltd. and its parent company George Weston Ltd. will go before a court Monday in Toronto for approval. If the settlement is approved, it will resolve the claims against Loblaw and Weston relating to an alleged industry-wide scheme to fix the price of bread. A separate Quebec settlement approval hearing will take place in Montreal on June 16.
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Toronto home sales
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The Toronto Regional Real Estate Board will release data on April’s home sales activity for the Greater Toronto Area on Monday. Last month, the board said home sales were down 23 per cent in March on a year-over-year basis as many potential buyers sat back due to economic uncertainty associated with tariffs.
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Economy
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Statistics Canada will release a pair of key reports this week, starting with international merchandise trade figures on Tuesday, followed by the latest jobs figures for April on Friday. The Canadian economy shed 33,000 jobs in March — its biggest job loss since January 2022 — while the unemployment rate ticked up to 6.7 per cent compared with 6.6 per cent in February.
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Bank of Canada report
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The Bank of Canada will release its financial stability report on Thursday and hold a press conference with governor Tiff Macklem and senior deputy governor Carolyn Rogers. The report provides an assessment of potential risks to the stability of Canada’s financial system and comes as a trade war launched by the United States is stoking fears of a recession.
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Telecom earnings
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A pair of Canadian telecommunications companies are set to report their results for the first quarter on Thursday. Some analysts have suggested that BCE Inc. could announce a dividend cut along with its earnings release, while Quebecor Inc. is also set to report the same day. Telus Corp. will report its results on Friday.
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This report by The Canadian Press was first published May 4, 2025.
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Companies in this story: (TSX:L, TSX:WN, TSX:BCE, TSX:QBR.B)
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