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Five things to watch for in the Canadian business world in the coming week:
Canada Day
It is a start-and-stop week for Canadian business with the Canada Day holiday landing on a Tuesday this year. Markets will be closed for the country’s birthday party, while U.S. markets will be closed on Friday for the July 4 holiday.
LNG exports
Canada’s first liquefied natural gas exports are expected to begin crossing the Pacific Ocean on specialized tankers any day now. LNG Canada has targeted a mid-year startup of a liquefaction plant and export terminal in Kitimat, B.C., and has said it remains on track.
HBC
Hudson’s Bay has until Monday to vacate its 80 stores and 16 more that were operated under the Saks banner. Canada’s oldest retailer wrapped liquidation sales and closed its doors at the start of June, but has since been emptying its stores of fixtures, furniture and equipment.
Tax cut
The federal government’s promised income tax cut kicks in on Tuesday. The move reduces the lowest marginal personal income tax rate to 14 per cent from 15 per cent. The government says the maximum tax savings will be $420 per person and $840 per couple in 2026.
Trade numbers
Statistics Canada will release its latest snapshot of Canada’s international trade on Thursday. Economists will be watching the May trade figures to see the impact of U.S. tariffs and how they may be affecting the Canadian economy.
This report by The Canadian Press was first published June 29, 2025.
The Canadian Press
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