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Jerry Storch, Chief Executive Officer of Hudson's Bay Co. addresses the company's shareholders during the annual meeting of its shareholders in Toronto on June 3, 2016. Hudson's Bay Co. is denying allegations of deceptive pricing practices from Canada's competition watchdog.The Competition Bureau issued a statement Tuesday alleging HBC offered mattresses and foundations sold together at grossly inflated regular prices and then advertised deep discounts on the sleep sets, suggesting significant deals for customers. THE CANADIAN PRESS/Christopher KatsarovThe Canadian Press

The earnings calendar is a little thinner on Friday but there are some notable names releasing results before the bell. Among them: Power Corp. of Canada, which is expected to report adjusted earnings per share of 67.3 cents, representing a 64-per-cent rise from a year ago.

The biggest real estate investment trust in this country, RioCan REIT, will also reveal its latest quarter. The Street is looking for funds from operations to rise 0.6 per cent from a year earlier to $1.69 a share, on revenue of $1.17-billion. Those betting on a jump in their unit price Friday can take comfort in the fact the REIT has beaten earnings expectations in seven of the past eight quarters.

Global gambling company Amaya Inc., meanwhile, is expected to report adjusted earnings per share of 51.8 cents, with revenue coming in at $316.7-million – up 9.7 per cent from a year earlier. Investors appear to be expecting good news; its shares rallied nearly 5 per cent on Thursday ahead of the results.

In the United States, look for more active trading in the big department stores after sentiment for the sector turned ugly Thursday on disappointing results from Macy's, Kohl's and Dillard's. J.C. Penney Co. is scheduled to release results before the bell Friday that are expected to show an adjusted loss of 21.3 cents (U.S.) per share on revenues of $2.77-billion. While it has beaten Street expectations for adjusted profit in each of the past eight quarters, it has missed forecasts for revenue in five of the past eight.

Nordstrom Inc. shares, which lost 7.6 per cent on Thursday, are likely to come under pressure again after the upscale department retailer reported after the bell Thursday that its comparable-store sales declined 0.9 per cent. Analysts had forecast a break-even quarter.

The pain felt by U.S. retailers may very well cross into Canada again on Friday. Hudson's Bay Co on Thursday evening reported a 2.9 per cent decline in quarterly sales, saying fewer customers shopped in its stores, which include Saks Fifth Avenue and Lord & Taylor, amid a continuing shift toward online shopping. HBC shares had already closed down more than 5 per cent on Thursday prior to the announcement.

Home Capital Group Inc. will continue to be a focus of attention. The company released its latest quarterly earnings late Thursday after rallying 23 per cent during the trading day amid reports it may soon sell off billions of dollars in assets.

Home Capital reported a decline in first quarter profit and said that the reputation damage the business has sustained in recent weeks had resulted in "material uncertainty" about the company's ability to secure funding in the future.

The alternative mortgage lender's profits fell to $58-million, or 90 cents per share, in the first three months of the year. That was down from $64.2-million, or 92 cents per share one year earlier. The company had delayed its earnings by a week and said results were prepared on a "going concern basis," but added that management were unsure about the company's future funding capabilities because of worries about Home Capital's credibility "that may cast significant doubt upon the company's ability to continue as a going concern."

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