Here are five things you need to know this morning
Feds to help lumber and metals sectors: CTV News is reporting Prime Minister Mark Carney will announce measures today to help the Canadian steel and lumber sectors. Multiple reports suggest more financial aid will be announced for both industries. The move comes as steel, aluminum and lumber sectors continue to deal with high tariff rates imposed by U.S. President Donald Trump. Carney is also expected to announce the framework for a new pipeline that would run from Alberta to Canada’s west coast.
Brookfield down under deal: Brookfield Asset Management and Singapore’s wealth fund GIC have offered to buy National Storage REIT in a deal valued at over US$2.5 billion. The Australian self-storage provider says it aims to finalize the deal by Dec. 7. National Storage operates more than 270 storage centers across Australia and New Zealand.
Stock exchange consolidation: The Globe and Mail is reporting the Canadian Securities Exchange is considering buying CBOE Canada and CBOE Australia. The report says talks are preliminary and there is no guarantee a deal will emerge. A CBOE spokesperson told the Globe the company was selling its Canadian business after only a few years because it is realigning its portfolio of businesses to sharpen its strategic focus. Formerly known as the NEO Exchange before being acquired by CBO Global Markets in 2021, CBOE Canada is home to 270 exchange-traded funds, 150 Canadian Depositary Receipts and 25 operating businesses. Chicago-based CBOE put its Canadian and Australian operations up for sale in late October.
Deere feels tariff squeeze: Shares of Deere traded lower in the premarket. The tractor maker’s profit outlook for the year ahead fell short of expectations. Deere estimates 2026 sales for its large agriculture segment will be down 15 to 20 per cent in the U.S. and Canada. In August, the world’s biggest farm machinery maker said tariffs cost the company US$600 million.
Blue Ant acquisition: Michael MacMillan has taken another step in building his latest media company. Blue Ant Media is buying Vancouver-based Thunderbird Entertainment in a cash and stock deal valued at $89 million. Thunderbird’s production businesses include Atomic Cartoons, specializing in animation, and Great Pacific Media, focused on scripted, and unscripted content – including the reality TV show Highway Thru Hell. MacMillan was previously the Executive Chairman of Alliance Atlantis.
