Particle.news
Download on the App Store

Week Ahead in Canada: Oilers Rebound, Air Transat Strike Threat, Tax Push and Market Watch

Travel risk rises as Canada heads into key economic decisions.

Overview

  • The Edmonton Oilers thumped the Winnipeg Jets 6-2 with a four-goal first period, extending a recent surge powered by Connor McDavid’s 11 goals and 17 assists in 17 games and Leon Draisaitl’s 7 goals and 12 assists in his last 11.
  • Air Transat’s roughly 700 pilots approved a 99% strike mandate, raising the possibility of a walkout as early as Wednesday if the union issues the required 72-hour notice during ongoing talks.
  • Markets expect the Bank of Canada to hold its policy rate at 2.25% on Wednesday following stronger-than-expected November jobs data and third-quarter growth.
  • The week’s calendar includes earnings from Groupe Dynamite, Roots, Empire and Dollarama, plus a Tuesday Teck Resources shareholder vote on its Anglo American deal, which remains subject to Investment Canada Act review.
  • The Canadian Taxpayers Federation is urging Manitoba to end bracket creep and cut the retail sales tax by one point, while a Winnipeg restaurateur reports margins near 2% versus about 5% before the pandemic.