Bombardier is reorganizing its business by combining its corporate and regional jet divisions into a single aviation unit. The Montreal-based firm is also looking to sell its big manufacturing operation in Belfast and smaller business in Morocco. This comes ahead of the company’s annual general meeting where it is expected to face pressure about whether its turnaround plan is still on track and face opposition from the Canada Pension Plan Investment Board regarding its dual-class share structure, which gives voting control to its founding family.

SUNCOR ENERGY TOPS Q1 PROFIT EXPECTATIONS

Alberta’s recent production curtailments helped boost the bottom line at Suncor Energy. The company topped first-quarter profit expectations thanks to increased Canadian heavy crude pricing. We will hear from incoming Suncor CEO Mark Little this afternoon on BNN Bloomberg when he sits down with Tara Weber following the energy giant’s annual general meeting.

CHINA TAKES AIM AT TWO CANADIAN PORK EXPORTERS

China is now taking aim at Canada’s pork industry. The Canadian Pork Council of Canada has confirmed China has suspended the export permits of two-Quebec based hog exporters. It is unclear if the suspension is simply due to an administration error or an escalation of the trade spat between the two countries.  

OTHER NOTABLE STORIES

-Strong growth in its Asia business boosted profit and sales at Manulife Financial in the first-quarter

-The CEO of Beyond Meat will join Commodities following its initial public offering

-Shares of Qualcomm are trading lower in pre-market trading after the company reported a disappointing sales forecast that overshadowed the benefit of its recent settlement with Apple

NOTABLE RELEASES/EVENTS

-Notable earnings: Bombardier, BCE, SNC, Great-West Life, Altagas, GMP, Cott, Weight Watchers, Activison Blizzard

-Bombardier AGM in Montreal

-SNC AGM in Montreal

-Suncor AGM in Calgary

-Manulife AGM

-Loblaw AGM

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. Today's note was written by Senior Producer Alicia Harvey. Have it delivered to your inbox before the trading day begins by heading to www.bnnbloomberg.ca/subscribe.