THIS JUST OUT — SNC-Lavalin has terminated its deal to sell Highway 407 to OMERS. Get more on that story here.
Meanwhile, markets aren’t happy this morning after China took a hard stance on the tariff dispute with the U.S. The trade war will never bring China to its knees, said a front-page commentary in the state-run newspaper. Iamgold is the latest gold miner to explore a possible sale in the wave of consolidation that has swept the industry, sources told Bloomberg. The stock had fallen 36 per cent this year and some analysts have cut their ratings over weak performance.
And before you head out for the long weekend, take a look at Jake Edmiston’s inside story on the intense grocery battle for the best Victoria Day sales flyer. One of the biggest grocery shopping events of the year, the stakes are so high the big chains start planning for this weekend in November.The good news is that the risks of household debt and imbalances in Canada’s housing market are easing. The bad news is there’s a new risk emerging that the Bank of Canada has its eye on.
Have a great long weekend and send your ideas, comments and news to Pam Heaven at pheaven@postmedia.com — @pamheaven
Blah blah...blah blah... Mmmmmm meat steaks. Happy May two four Canada. We deserve it!!!!!
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