Noah Zivitz

Managing Editor, BNN Bloomberg

Archive

ENTER ANDREW SCHEER

It’s the dawn of a new era in Ottawa as Andrew Scheer steps onto Parliament Hill for the first time as Conservative Party leader after he defeated frontrunner Maxime Bernier on Saturday. Today we'll gather reaction from key stakeholders on Scheer's desire to scrap the carbon tax, open up the airline industry, and assess the viability of his plan to balance the budget in two years if he beats Justin Trudeau in the next election.  We’ll also consider whether Bernier’s stance against supply management doomed his leadership bid.

G7 ON TRADE AND CLIMATE

The G7 closed out its first meeting with U.S. President Donald Trump with a communique that vows to "fight protectionism." On the surface, looks like a win after all of Trump's tough talk on trade. But that pledge comes with some asterisks. Like the group saying it will stand "firm against all unfair trade practices." The communique also left one important question unanswered: Will Trump pull the U.S. out of the Paris climate accord? "I will make my final decision on the Paris accord next week!," he tweeted shortly after the G7 wrapped.

Two main questions:

-How does the trade language in the communique help frame NAFTA negotiations and the risk of a border adjustment tax?

-How much does it hurt Canada's competitiveness if the U.S. pulls out of the Paris agreement?

Worth noting also North Korea launched another missile test today, defying the G7's call on Saturday to "abandon...ballistic missile programs in a complete, verifiable and irreversible manner."

KINDER MORGAN FACES MOMENT OF TRUTH

The $1.75-billion initial public offering designed to help finance the Trans Mountain Expansion project is expected to close tomorrow. Today, we will gather more insight on investor demand. Let’s find out whether institutional money will put its money behind an IPO with so much political uncertainty and public opposition clouding the outlook for TMX.

BNN Advisor

Vancouver: Housing concerns cross generations

Winnipeg and Saskatchewan: The loonie and U.S. protectionism weigh on Central Canada

Yellowknife and Whitehorse: The hurdles of northern living and aboriginal issues

HUSKY GIVES GO-AHEAD TO WHITE ROSE PROJECT 

Husky Energy announced this morning it's giving the green light to the West White Rose offshore project in Newfoundland and Labrador. Production is expected to start in 2022, with a peak rate of 75,000 barrels per day in 2025. “Over the years the Atlantic business has provided some of the strongest returns in the Company’s portfolio and West White Rose is the next chapter,” CEO Rob Peabody said a statement. 

CN RAIL STRIKE WATCH

CN Rail said on Saturday the union representing its train conductors has served 72-hour strike notice, meaning they could walk off the job on Tuesday. "We remain optimistic that we can reach an agreement without a labour disruption," said COO Mike Cory in a statement. For its part, the union is accusing the company of trying to “provoke” a strike. Should consider the risk for shippers, and whether or not the government will step in if conductors walk off the job.

OTHER NOTABLE STORIES

-Sandvine announced late Friday it's agreed to a takeover by private equity firm Vector Capital. The deal is worth $483 million, with a per share offer of $3.80 in cash. We'll chase principals.

-We'll watch for the latest update from Home Capital Group. It said late Friday that its high interest savings account balance was $110.6 million as of Thursday, compared with $111.4 million on Wednesday.

NOTABLE RELEASES/EVENTS

-10:00 a.m. ET: ECB President Mario Draghi testifies before European Parliament committee

Every morning BNN's Managing Editor Noah Zivitz writes a ‘chase note’ to BNN'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.bnn.ca/subscribe.