Here are five things you need to know this morning
Bell Canada asset sale: The Bell Canada unit of BCE is selling its land mobile radio network services business to Motorola in a deal worth $675 million. The business provides two‑way communication services such as walkie‑talkies and push‑to‑talk systems. Motorola’s CEO says the acquisition will help protect long‑term resiliency. The deal is expected to close in the fourth quarter of 2026. BCE is the parent company of BNN Bloomberg through its Bell Media division.
Stocks under pressure again amid geopolitical turmoil: North American stocks are set to open lower again as traders grow more nervous about a protracted war in the Middle East, while China ups the ante in its trade dispute with the U.S. U.S. President Donald Trump has pushed back his deadline for Iran to strike a deal as the two sides remain far apart after nearly a month of attacks. Also weighing on sentiment is China’s move to open a trade probe into the U.S. ahead of an expected summit between Trump and President Xi Jinping.
Ontario sees deficit soaring: Ontario’s projected deficit is almost double what was originally expected, with the government now suggesting it will be more than $13.5 billion in the current fiscal year. The updated figure is up almost $8 billion from what was laid out in last year’s budget. The province is citing trade tensions and geopolitical forces as driving factors behind the increase. We’ll find out more when we speak with Ontario Finance Minister Peter Bethlenfalvy, today on BNN Bloomberg at 10 a.m. Eastern Time.
REIT takeover: Halifax-based real estate company Clarke is buying the Ravelin Properties REIT in a deal valued at $1.1 billion including assumed debt. The deal is expected to close in the second quarter of 2026. The chair of Ravelin’s board says the deal is in the best interest of stakeholders as the company continues to face solvency and leverage challenges.
Century-old companies riding the AI boom: Some of the biggest beneficiaries of the AI boom may actually be businesses that have been around for more than a century. BNN Bloomberg contributor Jon Erlichman spoke with investor Steve Rowles about why some of the companies helping power the AI revolution are long-established industrial and infrastructure businesses.
