Noah Zivitz

Managing Editor, BNN Bloomberg

Archive

It’s all about Cannabis Canada today. Canopy Growth CEO Bruce Linton did the honours in St. John’s at one minute past midnight, handing over a receipt to the customer who made the first legal purchase of recreational cannabis in this country. Today, we’re going across Canada with unprecedented BNN Bloomberg field coverage of how this historic day will play out across the country. From Halifax to Victoria, we’ll be there with a big helping hand from our CTV colleagues and Bloomberg partners. And we’ve got a live blog on BNNBloomberg.ca documenting how the day unfolds.

Putting hoopla and photo ops aside, lots of important issues will be addressed. Two at the top of our list:

-What’s next for investors? BNN Bloomberg's Paul Bagnell gets perspective right out of the gate on The Street with the always-outspoken Barry Schwartz.

-Secondly: Can the Canadian industry hang on to its head start? BNN Bloomberg's David George-Cosh will look into the future and address risks on the horizon. He’ll also recap what he saw and heard at an industry party last night. He’s got evidence (pictures).   

We’ve also got Andrew Bell scouring the globe for reaction to how Canada’s milestone is playing out in the eyes of the world, Jameson Berkow will try his hand at the Ontario Cannabis Store’s web portal before heading out to a licensed producer’s facility in Mississauga, and Tara Weber will check in with the CEO of Alcanna at one of the company’s brand new pot stores in Calgary.  

OTHER NOTABLE STORIES:

-A U.S. government official says the Treasury Department will release its FX report today, that’s where we’ll find out if the U.S. will label China as a currency manipulator

-The Canadian Union of Postal Workers says it will begin rotating strikes on Monday if a deal isn’t reached before then with Canada Post.

-Detour Gold has another restive shareholder on its hands, with Livermore Partners throwing its support behind Paulson & Co. and slamming the Detour board’s “existing strategy of delay, diversion and distraction.”

-U.S. President Donald Trump took more swipes at the U.S. Federal Reserve yesterday in an interview with Fox, calling the central bank his “biggest threat.” 

-Netflix shares were up 12 per cent in pre-market last time I looked after the company easily exceeded third-quarter profit expectations and sailed past subscriber growth forecasts

-IBM is falling in pre-market trading after reporting another quarter of revenue erosion

-Equifax is warning today about an uptick in consumer delinquency rates as interest rates rise, the economy slows and mortgage volumes come under pressure.  

-One more pot note: Even Brian Mulroney is getting in on the burgeoning industry. He’s joining the board of directors at Acreage Holdings. That’s the same company that already leans on ex-U.S. House Speaker John Boehner as an advisor.

NOTABLE RELEASES/EVENTS

-Notable earnings: Kinder Morgan Canada, BHP Billiton, Alcoa

-Notable data: Canadian manufacturing sales, U.S. housing starts and building permits

-8:00 a.m. ET: Cisco CEO Chuck Robbins delivers speech at Canadian Club event in Toronto

-9:15 a.m. ET: Ministers Blair Blair, Ralph Goodale, Jody Wilson-Raybould, Ginette Petitpas Taylor deliver remarks in Ottawa on Cannabis Act

-11:00 a.m. ET: U.S. President Donald Trump holds White House event on “Cutting the Red Tape, Unleashing Economic Freedom”

-11:30 a.m. ET: Trump holds cabinet meeting at White House

-12:00 p.m. ET: BlackBerry CEO John Chen speaks at Empire Club event in Toronto

-1:30 p.m. ET: Canopy Growth executives hold media avail in Smiths Falls, Ont.

-1:30 p.m. ET: Natural Resources Minister Amarjeet Sohi tours LNG Canada site in Kitimat, B.C. (plus media avail)

-2:00 p.m. ET: U.S. Federal Reserve releases minutes from last meeting

-4:30 p.m. ET: Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland meet in Ottawa with Global Affairs Canada’s Trade Policy and Negotiations Branch

Every morning BNN Bloomberg's Managing Editor Noah Zivitz writes a ‘chase note’ to BNN Bloomberg's editorial staff listing the stories and events that will be in the spotlight that day. Have it delivered to your inbox before the trading day begins by heading to www.bnnbloomberg.ca/subscribe.