Three of Canada’s biggest companies will be reporting their latest earnings this week.
First up will be Suncor Energy Inc. (TSX:SU), which will unveil its fourth-quarter results after the bell on Wednesday.
The oilsands giant is one of the largest owners of oilsands reserves in the world, holdings that rank only behind the reserves found in Saudi Arabia.
Last quarter, Suncor posted operating revenues of $7.5 billion, slightly below what analysts were expecting.
Also to watch will be the company’s plans for capital investments. In the end of 2019, it disclosed plans to put $300 million into a major wind-power project in Alberta in 2020.
Company officials will host a conference call to answer questions and share their take on the latest figures on Thursday morning.
On Thursday, BCE Inc. (TSX:BCE) will report its fourth-quarter earnings before the markets open. The report will cover the three-month period that ended Dec. 31, 2019. The telecommunications giant owns Bell Canada and Bell Media, the owner of the CTV Television Network, Canada’s largest private broadcaster.
The highlight from the previous quarter came from the media firm’s wireless division, which reported a record number of new subscribers for the quarter, a period that was marked by the industry’s rush toward unlimited data plans.
Analysts are reportedly expecting an earning per share of 69 cents for the latest quarter, up from the 67 cents recorded in the same quarter in the previous year.
BCE is also expected to provide guidance for 2020.
On Friday, CAE Inc. (TSX:CAE) will make public its third-quarter earnings. The Montreal-based aeronautics simulator maker has been riding a wave of positive news. Its shares have hit a record in January, and are up more than 40% in the last year.
Latest Job Numbers Will Be Announced On Friday
Statistics Canada will reveal its Labour Force Survey on Friday, which will include the employment figures for January.
The numbers for December showed the national unemployment rate had dropped to 5.6%, from 5.9% posted for November. In November, the Canadian economy lost just over 71,000 jobs, the largest month-over-month drop since the 2009 financial crisis.