April 23, 2013 / 10:03 AM / 4 years ago

Diary - Today in Canada April 23

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TODAY IN CANADA

ECONOMIC NEWS

Bank of Canada Governor Mark Carney and Senior Deputy Governor Tiff Macklem testify before a House of Commons committee about a monetary policy report released last week that lowered domestic growth forecasts but still insisted that rock-bottom interest rates will rise one day.

Canadian retail data out on Tuesday is expected to show the pace of sales growth slowed to 0.3 percent in February from 1.0 percent a month earlier. This would reinforce the market view that the Canadian economy has hit a slow patch and interest rates are unlikely to increase for a long time.

COMPANY NEWS

Power generation company TransAlta Corp reports first-quarter results. Analysts expect the company to earn 20 Canadian cents per share on revenue of C$595.5 million, according to Thomson Reuters I/B/E/S.

Canadian diversified miner Teck Resources reports quarterly earnings. Analysts surveyed by Thomson Reuters I/B/E/S expect a profit of C$0.38 per share.

Canada's biggest natural gas producer Encana reports quarterly earnings. The company may update investors on its search for a new chief executive following the sudden departure of Randy Eresman earlier this year. The average forecast of analysts surveyed by Thomson Reuters I/B/E/S is for a profit of $0.09 per share.

Contract electronics manufacturer Celestica Inc is likely to report a lower quarterly profit, as it recovers from a complete exit of its once-biggest customer BlackBerry. The average forecast of analysts surveyed by Thomson Reuters I/B/E/S is for a profit of $0.15 per share.

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