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Andrew Bell

Anchor, Reporter

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Turn off BNN today at your peril – you’ll miss detailed coverage of juicy business and economic stories that not’s available on any other network.

Scotia says Bombardier (BBDb.TO) posted a strong quarter. And it calls the reduced role and compensation for Pierre Beaudoin - whose pay has drawn objections from shareholders - "a step in the right direction." The news comes as the company’s executive pay and governance practices have come under fire from some of Canada’s largest pension plans.

Jameson Berkow is on that file and Paige Ellis reports from the company’s annual meeting in Montreal.

At 2 p.m. ET, we’ll look at Beaudoin’s concession with Peter Landers, partner at Global Governance Advisors.

TAKING AIMIA

Shares in Aimia (AIM.TO) look set to get dragged kicking screaming off the plane today. The loyalty points player says it believes “Air Canada does not currently intend to renew the Aeroplan partnership expiring in June 2020." TD says “there is no way to summarize last night’s announcement… as anything other than negative.”


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SELL CANADA?

We’ll also explore the “sell Canada” theme amid concerns over the housing market and potential U.S. trade protectionism.

Credit rater Moody's Investors Service is warning of possible shoals for the Canadian banks. “Expanding levels of private-sector debt could weaken asset quality,” vice president David Beattie says. “Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks facing the Canadian economy.”

Beattie joins us at 10:20 a.m. ET. He tells segment producer Ian Vandaelle that despite his wary outlook, he doesn’t see the troubles of Home Capital (HCG.TO) contaminating the housing market.

At 8:35 a.m. ET, we hear from Bruce Cooper, chief investment officer at TD Asset Management, who tells segment producer Rob Graham he’s overweighting U.S. stocks and underweighting Canada. “Canadian equities, which performed strongly over the past year, are close to their all-time highs,” TD cautioned in its Q2 outlook. “With economic growth and inflation expected to be muted, there may not be significant impetus for further equity gains.”

REAL MATTERS DEBUTS

Finally, Canada has seen a lack of initial public offerings but online mortgage-services firm Real Matters is set to list today on the Toronto Stock Exchange after its shares drew strong demand.  

We’ll be joined by CEO Jason Smith at 10:35 a.m. ET. He tells segment producer Adena Ali that “our intention was always to take the company public to continue to grow… Even though we are new to public markets, in many respects, Real Matters has been run like a public company in a private company shell.”

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.