Five things to watch for in the Canadian business world in the coming week

Five key developments to monitor in the Canadian business landscape over the next week:

On Monday, Statistics Canada will publish its July inflation data, revealing the consumer price index for the month. The rate of inflation decelerated to 2.8 percent in June, driven by a 10 percent decline in gasoline prices month-over-month.

The following Tuesday, the Canadian Real Estate Association will unveil its July home sales figures. The association's updated 2026 outlook projects a 1.4 percent year-over-year decline in national home sales, contrasting with its April projection of a one percent increase.

On Wednesday, the United States will impose 50 percent tariffs on approximately US$20 billion worth of Canadian goods. These duties, unlike most of President Trump's other tariffs, will not exempt products compliant with the Canada-U.S.-Mexico trade agreement.

Thursday, Statistics Canada will release June travel statistics between Canada and other countries. In May, Canadian-resident return trips from the U.S. surged 9.9 percent year-over-year, while trips to Canada by U.S. residents rose 13 percent. Conversely, Canadian-resident trips from overseas increased 3.3 percent, and trips by overseas residents to Canada grew 6.2 percent.

Finally, on Friday, the agency will publish retail trade data for June. The preliminary estimate suggests retail sales grew by 0.4 percent in June, following a one percent increase in May, totaling $73.7 billion.