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Andrew Bell

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HOME CAPITAL DOUBTS PERSIST

Heading up a public company is lucrative but can also be frustrating, as we’re chronicling on BNN today.

At 10:15 a.m. ET, we hear from Brenda Eprile, new chair at struggling Home Capital (HCG.TO.)  Canada's biggest non-bank lender says there are doubts it can stay in business  amid “reputational concerns” after the company was accused of misleading investors.

Anthony Scilipoti, CEO of Veritas Investment Research, gives us his take on Home capital at 9:45 a.m. ET. He says investors just got a “stunning disclosure” that collateral with Healthcare of Ontario Pension Plan  for a  line of credit is much higher than originally disclosed.

Home Capital says uncertainty over funding puts future in doubt

Home Capital expressed doubts over its future as the company reported its latest financial results on Thursday. Brian Madden, senior vice-president and portfolio manager at Goodreid Investment Counsel, joins BNN to discuss.

CIBC PRIVATEBANCORP VOTE DEADLINE TODAY

Today is the deadline for shareholder to vote on the CIBC’s proposed takeover of Chicago-based PrivateBancorp. Institutional Shareholder Services urged shareholders to reject the $4.9 billion cash-and-stock bid citing uncertainty around the outlook for the Canadian housing market and its possible impact on the country's banking shares. 


FREE REAL TIME TSX STOCK QUOTES

Now, only at BNN.ca. Don’t delay! Watch Canadian stocks trade live here.


PAINTED PONY INVESTORS BACK MULTI-MILLION DOLLAR DEAL

Painted Pony (PPY.TO) CEO Patrick Ward, had a good day yesterday. Investors backed the $277-million of acquisition of gas producer UGR Blair Creek in a deal that had  attracted some shareholder opposition. Back on May 11, Canaccord said it reckoned approval would “remove the uncertainty inherent in the stock...and could lead to a significant share price rally.”

CORPORATE LEADERS ON BNN

Corporate leaders on our channel today include Paul Soubry, CEO of bus maker New Flyer Industries (NFI.TO). We’ll ask him if the company, which is hiking its dividend by nearly 40 per cent, faces a threat to its U.S. sales because of trade protectionism under President Donald Trump.

And at 11:05 a.m. ET, we’ll hear from Fortis (FTS.TO) CEO Barry Perry who is planning to purchase a two-thirds interest in the Waneta Dam and related transmission assets in British Columbia from Teck (TECKb.TO) for $1.2 billion in cash.

Every morning Commodities host Andrew Bell 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.