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Some Staggering Revelations in Glen McGregor's Report for the National Last Night. CTV News obtained excerpts from a speech delivered by Stephen Harper in Montreal earlier this month, in which he highlighted the federal government's NAFTA strategy. "We have two governments that do not want to agree," Harper said in audio. "The reality is that the Government of Canada believes … the fight with Trump is politically beneficial." CTV News also learned that Justin Trudeau contacted Harper last month to discuss cooperation on the issue. But the former prime minister obviously feels burned. "I could be very helpful to them, but [what’s] it is clear … they do not want my help."
MEETING OF THE FIRST MINISTERS
Canada's Prime Ministers began their first day Negotiations in Saint Andrews, NB More interestingly, the premiers also issued a joint statement in support of "bringing Canada's resources to market in a timely, predictable and sustainable manner …" "To achieve this, they call for a" robust and predictable regulatory environment, "stressing that this is essential to ensuring the confidence of international investors.I am not sure how we reconcile this with the Energy East sagas. and Trans Mountain, but this is definitely a good conversation
AIMIA 'S LIFE AFTER AIR CANADA
We have a better idea of the Aimia plan for Aeroplan program after the start of the program. Air Canada in mid-2020. The company announced yesterday that as of July 2020, Aeroplan Points will be redeemable for "any seat on an airline" through a new partnership with Kaligo Solutions. .
THE CLOCK S MADE ON TRANS MOUNTAIN
Kinder Morgan will badist the federal government in its quest for a private sector buyer to remove Trans Mountain from the hands of Canadian taxpayers. What happens when, as Jameson told me, the training wheels come off? We will take it into account today.
TSX RECORD WATCH
The Toronto Stock Exchange closed at 25 points from a record yesterday and was 22 points from its highest intraday level. The numbers to watch for: 16,586.46 (intraday record), 16,567.42 (closing record).
OTHER REMARKABLE STORIES
– The Ontario government unveiled its first candidate for Hydro One's board of directors. That's Tom Woods. If that name sounds familiar to you, it should – especially for long-time BNN Bloomberg viewers who could recall memorable conversations between Howard Green and Woods when he was CIBC's chief financial officer at the time of the subprime fiasco
. A news: Avista's takeover by the company peaked yesterday, with the Idaho Public Utilities Commission repelling a technical hearing on the case.
-West Fraser Timber announced record sales and operating profit last night. Even after significant declines in the last two weeks, WFT is still up 37 percent over the past year. And it is not alone. Keep an eye on BNNBloomberg.ca for an badysis of the impressive performance of timber stocks.
-Microsoft's actions rallied to pre-market trading after cloud-based revenues propelled the company
PRESS NOTES / EVENTS
– Significant Benefits: General Electric, Schlumberger
– Notable data: Canadian retail sales, Canadian CPI
– 11:45 ET: Prime Minister Justin Trudeau talks about Canada Child benefit and media access in Markham, Ontario )
– The meeting of Canada's prime ministers continues in Saint Andrews. Items on the agenda are drug coverage, health supply and the opioid crisis. Closing of the press conference at 12.30 ET.
-Farnborough International Airshow (until July 22)
BNN's editor-in-chief, Noah Zivitz, writes a list of stories and events to BNN Bloomberg every morning who will be in the honor that day. . Have it delivered to your inbox before the start of the trading day by visiting www.bnnbloomberg.ca/subscribe.
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