TORONTO - Earnings news and a heavy slate of economic data will set the tone on stock markets this week.
Investors will get the first of the quarterly earnings reports from energy sector heavyweights such as Imperial Oil (TSX:IMO) and Suncor Energy (TSX:SU).
Markets are already braced for lower profits. Analysts expect Imperial Oil to post earnings per share of 83 cents, down sharply from $1.24 a year ago. And Suncor's earnings are expected to come in at 43 cents, a long way from last year's 66 cents.
Read more at Click here / www.trade4x.net
Investors will get the first of the quarterly earnings reports from energy sector heavyweights such as Imperial Oil (TSX:IMO) and Suncor Energy (TSX:SU).
Markets are already braced for lower profits. Analysts expect Imperial Oil to post earnings per share of 83 cents, down sharply from $1.24 a year ago. And Suncor's earnings are expected to come in at 43 cents, a long way from last year's 66 cents.
Read more at Click here / www.trade4x.net
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