Another Canadian province is reportedly ‘open for business’. Jason Kenney’s UCP party swept into power in Alberta last night, bolstering a Conservative alliance comprising Ontario Premier Doug Ford, Saskatchewan Premier Scott Moe and federal Opposition Leader Andrew Scheer to challenge Prime Minister Justin Trudeau on issues ranging from resource reform bills and carbon taxes.
Here’s what’s breaking this morning:
- In Gatineau, Que., the telecom regulator considers suspension of TVA’s broadcasting licence for cutting off sports feed to Bell TV.
- Statistics Canada to release consumer price index for March and international merchandise trade figures for February at 8:30 a.m. ET
- Prime Minister Justin Trudeau meets with Region of Waterloo mayors and Regional Chair Karen Redman in Kitchener, Ont.
- Second day of the Scotiabank CAPP Energy Symposium in Toronto
- OPG President Ken Hartwick and Bruce Power President Mike Rencheck participate in a panel discussion on the future of Ontario’s nuclear power in Toronto
- The Canadian Wind Energy Association holds its spring forum in Banff, Alta.
- Notable Earnings:Metro Inc., Kinder Morgan Canada Ltd. , Morgan Stanley, PepsiCo, and Alcoa
Stringent mortgage rules have done their job of cooling the economy and now need to relaxed, according to CIBC Capital Markets. Canadian banks have seen their rate of mortgage originations slow and the real-estate industry has complained that the stress test has made it tougher for homebuyers to get a loan, writesGeoff Zochodone
Jason Kenney is set to become the new premier of Alberta, but can he make a real difference in the province given that key challenges such as pipelines, carbon taxes and resource reform bills are in the hands of the federal government? What should be his top three economic priorities? Send your ideas, comments and news to Yadullah Hussain at email@example.com—@Yad_FPEnergy
— With files from The Canadian Press, Thomson Reuters and Bloomberg