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TORONTO — Five things to watch for in the Canadian business world in the coming week:
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Canada Post
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Canada Post is warning about possible delays after unionized workers at the Crown corporation started last week to refuse to work overtime as part of a labour dispute. Contract talks between the mail carrier and the Canadian Union of Postal Workers have so far failed to reach a deal, even as an industrial inquiry commission report said Canada Post is facing an existential crisis and is effectively insolvent.
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WestJet speech
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WestJet Group CEO Alexis von Hoensbroech will give a speech to the Calgary Chamber of Commerce on Tuesday. The speech comes as Canadian airlines work to adjust their schedules, with travellers choosing to spend their vacations in places other than the United States in response to President Donald Trump’s tariffs and talk of annexing Canada.
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Bank earnings
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It is a big week for earnings reports from Canada’s banks. Scotiabank will report its results Tuesday morning, followed by BMO Financial Group and National Bank of Canada reporting on Wednesday. Royal Bank of Canada and CIBC report on Thursday, while Laurentian Bank of Canada reports on Friday.
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BRP results
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Ski-Doo and Sea-Doo maker BRP Inc. will report its first-quarter results on Thursday morning and hold its annual meeting of shareholders. The company announced a pair of deals last month to sell the bulk of its boat business as part of its push to become a pure-play powersports company.
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GDP report
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Statistics Canada will release its reading for gross domestic project for March and the first quarter as a whole on Friday. The agency’s early estimate released last month pegged real GDP growth at 0.1 per cent for March and an annualized growth rate for the first quarter of 1.5 per cent.
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This report by The Canadian Press was first published May 25, 2025.
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Companies in this story: (TSX:BNS, TSX:BMO, TSX:NA, TSX:RY, TSX:CM, TSX:LB, TSX:DOO)
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English (US)