This morning we’ll get the first update on the state of Canada’s labour market for 2019, with economists anticipating the weakest showing since August. A mere 5,000 jobs are estimated to have been created in Canada last month. With a federal election less than a year away, each labour force survey could mean as much to the Liberal government as it does to the Bank of Canada at this point.
IN CONVERSATION WITH GEORGE COPE
We’ve got a feature conversation today with the president and CEO of BCE. Speaks for itself. Watch for the interview on Bloomberg Markets. Standard disclosure: BNN Bloomberg is part of BCE’s Bell Media division.
BEZOS VS. NATIONAL ENQUIRER OWNER
In a blog post last night, Jeff Bezos claimed AMI threatened to publish embarrassing pictures of him and a woman after Bezos launched an investigation into how the Enquirer obtained some of their text messages. His post includes alleged emails his team received from AMI and an acknowledgment that his ownership of The Washington Post is a "complexifier" that makes him a target, while calling out President Donald Trump by name. In a statement, American Media said its board will “thoroughly investigate” Bezos’ claims.
OTHER NOTABLE STORIES
-Bank of Nova Scotia says it expects to book an after-tax loss of $170 million in the second quarter after announcing the sale of its El Salvador assets
-The price of Western Canada Select oil fell 5.4 per cent yesterday amid partial shutdowns of pipelines owned by Enbridge and TransCanada after a spill in Missouri.
-The Ontario Cannabis Store said late yesterday it has signed supply deals with five additional licensed producers. Details here.
-Axios is reporting former U.S. House Speaker John Boehner today will unveil a lobby group called the National Cannabis Roundtable that will push for marijuana reform in the U.S.
-The federal government confirmed today that Lockheed Martin has been awarded the design contract for a new fleet of warships.
-Franco-Nevada warned last night it expects to book an impairment charge on its Sudbury assets in the fourth quarter.
-The B.C. government said late yesterday it’s starting a new reconciliation process with the Wet’suwet’en First Nation’s hereditary chiefs, who’ve been in the middle of a battle over the Coastal GasLink pipeline.
NOTABLE RELEASES/EVENTS
-Notable earnings: Cameco, CAE, CI Financial, Hasbro
-Notable data: Canadian labour force survey, Canadian housing starts
-6:45 a.m. ET: Public Services and Procurement and Accessibility Minister Carla Qualtrough makes announcement with Irving Shipbuilding in Halifax
-10:30 a.m. ET: Finance Minister Bill Morneau holds town hall in Victoria (plus announcement & avail at 12:20 p.m. ET)
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.
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