3 key things to look out for this week in business:

3 key things to look out for this week in business:
3 key things to look out for this week in business:

1. Inflation Update: Keep an eye out for Statistics Canada's release of the consumer price index for June. This report will shed light on the latest inflation figures, providing insights into the impact of the recent interest rate hike by the Bank of Canada. Understanding inflation trends is crucial for assessing the overall economic climate and potential implications for businesses and consumers alike.

2. Housing Construction Snapshot: Canada Mortgage and Housing Corp. is set to unveil the monthly housing starts report for June. This report will offer a comprehensive overview of housing construction activity, including the number of new residential projects initiated during the month. Monitoring housing starts is essential for understanding the health and growth of the real estate market, which has significant implications for various sectors, such as construction, finance, and consumer spending.

3. Gain Insights into May's Economic Performance: Statistics Canada is set to unveil a clearer picture of how the economy performed in May through two significant reports. On Monday, watch for the release of the wholesale trade report, providing crucial data on the performance of the wholesale sector during the month. Then, on Friday, the retail sales report will offer valuable insights into consumer spending patterns and the overall health of the retail industry. These reports from Statistics Canada will provide valuable information for businesses and economists, shedding light on the economic landscape of May and shaping future strategies. Stay tuned for these key reports to stay informed about the performance of Canada's economy.

Stay informed about these important updates as they provide valuable insights into the state of inflation and the housing market, influencing investment decisions, business strategies, and economic forecasts.

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