TORONTO - Here are five things to look for in Canadian business this week:
Railways: Both CN Rail and Canadian Pacific Railway release their second-quarter results this week, on Monday and Tuesday respectively. Canada's sluggish economy and lower volumes of coal, grain and energy-related products are expected to undermine the lofty 2015 earnings goals for the country's two largest railways.
StatCan: There are a slew of releases this week from Statistics Canada, starting with wholesale trade figures for May on Monday and retail trade figures and employment insurance data on Thursday.
Lumber: Two major lumber producers — West Fraser Timber Co. and Canfor Corp. — are out with second-quarter results on Wednesday. The lumber industry is in the midst of a recovery thanks to a boom in U.S. construction and a weaker loonie. The sector lost 50,000 jobs following the 2008 financial crisis.
BlackBerry: CEO John Chen and members of the company's senior leadership team are in New York on Thursday discussing the impact today's cyber-threats are having on mobile security.
More Q2 results: Grocery giant Loblaw Companies Ltd. releases its second-quarter results on Thursday, as does Rogers Communications, Precision Drilling and Teck Resources. In Calgary on Friday, natural gas giant Encana is up with its Q2 results. The company has been suffering from enduring weakness in the natural gas sector and its faltering attempts to become a key oil producer just as oil prices plummeted.