15:20
The Daily Chase: Bitcoin stabilizes following chaotic day; BoC releases financial system review

STATE OF CANADA’S FINANCIAL SYSTEM

If the Bank of Canada has concerns about potential spillover risks emanating from the country’s red-hot housing markets and high household debt levels, we’re likely to hear about it today with the release of the central bank’s annual Financial System Review. We’ll break the news at 10 a.m. ET and will have live coverage of Governor Tiff Macklem’s news conference at 11 a.m. with analysis from C.D. Howe Institute Senior Fellow Ed Devlin.

IN CONVERSATION WITH CPPIB CEO

We’ve got John Graham on the network today for the first time since he took over from Mark Wiseman as head of the Canada Pension Plan Investment Board. The backdrop for today’s conversation is a record full-year return of 20.4 per cent  just posted by the country’s largest pension fund. Don’t miss Graham live on Bloomberg Markets at 1 p.m. for what promises to be an insightful discussion about the investing landscape and macro risks on the horizon.  

THE HOCKEY ECONOMY

Can you imagine what the atmosphere would be like in Edmonton, Winnipeg, Toronto or Montreal these days if not for COVID? With game 1 in the books for the Jets and Oilers, and with the Leafs and Habs opening their series tonight, we’ll keep chasing compelling stories from the small business owners who might be struggling to survive and wondering what could have been if their doors were fully open to the public during the Stanley Cup playoffs. Plus, The Open will check in with the play-by-play voice of the Habs on TSN, Bryan Mudryk, shortly before 9 a.m. to set the scene. Should point out as well there are reports the Ontario government will map out its sector-by-sector strategy for reopening the economy after June 2, when the stay-at-home order is scheduled to expire.

CRUNCH TIME IN KANSAS CITY SOUTHERN TUG OF WAR

A lot could happen within less than 36 hours in the takeover battle between Canadian National and Canadian Pacific. CP has until 5 p.m. today to formally respond to Kansas City Southern’s determination that CN’s sweetened proposal is superior. We may get news on that front long before then, with CP CEO Keith Creel addressing an industry conference this morning. And once today’s deadline lapses for CP, the next one comes at 5 p.m. tomorrow when Kansas City Southern will have to decide whether to formally accept CN’s offer.

Sourse: bnnbloomberg.ca


 

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