Canada's Economy Showing Signs of Improvement, Key Earnings Reports This Week

The Bank of Canada will release its summary of the governing council's monetary policy deliberations for the interest rate decision earlier this month. The central bank held its policy rate at 2.25 per cent, citing signs of improvement in the economy, with growth picking up and inflation projected to ease gradually from its recent spike.

Canadian Pacific Kansas City will release its second-quarter financial and operating results on Wednesday after the markets close. The railway set a new June monthly record for transporting Canadian grain and grain products, moving 2.8 million metric tonnes earlier this month.

Loblaw Cos. Ltd. will report its second-quarter results on Thursday morning before markets open. The grocery and drugstore retailer recently completed the sale of its PC Financial business to EQB Inc.