The storm surrounding U.S. President Donald Trump’s alleged ties to Russia is again on the minds of global investors today and BNN is here to help you steer a course.
At 9:40 a,m ET, segment producer Rob Graham has brought in a big money manager to provide perspective on an equity selloff that saw the Dow Jones Industrial Average and S&P500 index dropping almost two per cent yesterday. Our guest, Michael Arone, is chief investment strategist at State Street Global Advisors, which has US$2.56 trillion under management
At 8:30 a.m. ET, we got the take of Alan Knuckman, chief market strategist at Bulls-eye Option. He tells segment producer Polina Chinkarenko that the “straight up rally run” in U.S. stocks has been “rocked by concerns that the president's pro-growth agenda is in jeopardy.”
GET AN EARLIER START WITH BNN
Starting Tuesday, BNN’s The Street will start an hour earlier. Live coverage of the biggest market movers, overseas action and the top news stories to start your day right begins at 6 a.m. ET/3 a.m. PT.
CRUDE DRIFT
Oil has drifted below US$49 this morning. At 3 p.m. ET, we’ll hear from Rafi Tahmazian, senior portfolio manager at Canoe Financial, who told BNN viewers in March that international energy players are pulling money out of Canada. And he said current federal policy, including a preference for environmental initiatives over more support for the fossil fuel sector, had driven him to buy oil and gas stocks south of the border.
CARBON TAX PLAN
Environment and Climate Change Minister Catherine McKenna is expected to answer questions at 1 p.m. ET on Ottawa’s carbon price plan. The federal government is expected to tell provinces that they have until the end of 2018 to introduce a scheme or Ottawa will impose its own model instead.
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Vancouver: Housing concerns cross generations
Winnipeg and Saskatchewan: The loonie and U.S. protectionism weigh on Central Canada
Yellowknife and Whitehorse: The hurdles of northern living and aboriginal issues
Saskatchawan remains a holdout. The Regina Leader-Post says that “asked if upon seeing the federal plan he might be prompted to accept it, Saskatchewan’s Environment Minister Scott Moe said, ‘I don’t think that’s going to be the case at all.’”
FOOD REPORT CARD
We’re talking food on Commodities, starting at 11 a.m. ET, with Jean-Charles Le Vallée, a researcher at the Conference Board of Canada. The board’s Canada’s Food Report Card 2016 ranks provinces on a scorecard that includes industry prosperity, food affordability and food waste.
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.