Posthaste Scheers small biz breaks isnt for mom and pop — and

Good morning!A new impeachment circus will land in Washington D.C. today and investors are already feeling jittery, piling in on gold and fleeing equities.BMO Capital Market says that while an impeachment inquiry is “highly unlikely” to lead to the U.S. President’s dismissal from office, given the two-thirds vote required for conviction in the Senate (which means at least 20 Republicans will vote guilty), “it could distract Congress from ratifying the USMCA and distract the President from signing a trade deal with China.”RBC Capital Markets, which surveyed clients in September to assess the market’s mood, says investors were feeling better in its latest survey, but that was before Trump’s Ukraine scandal blew up, leading to an impeachment inquiry. While the bank did not ask the impeachment question this time around, its June survey — when the Robert Mueller report was the talk of Washington — suggested that 57 per cent felt a Trump impeachment without conviction would be neutral for stocks.“We tend to agree with the neutral assessment on the latter scenario, but note that it could have a more adverse impact on the market if it appears to lower Trump’s chances of winning re-election, or Biden’s chances for winning the nomination, given that a win by a progressive Democrat is clearly viewed as a negative scenario for stocks by investors today,” RBC said in its report.Story continues belowThis advertisement has not loaded yet,but your article continues below.Here’s what’s you need to know this morning:Scheer’s small biz breaks isn’t really for ‘mom and pop’ Kik was controversial success story. Now its future is up in the air Canada’s top 1% saw fastest income acceleration, overall decrease in taxes Oceans, glaciers at increasing risk, including Canada’s: climate report Case of 11 disqualified Ontario pot shop licence applicants in court today Trump impeachment? History suggests Wall Street ought not worry Dollar recovers from Trump impeachment damage, trade tensions hit yuan, Aussie Huawei CFO fighting U.S. extradition says her rights were violated Aramco is set to formally announce listing plan next month Andrew Scheer says the carbon tax ‘has been proven to fail’ Johnson flies back to face UK parliament as Brexit chaos deepens Philip Morris, Altria abandon merger talks; Juul CEO steps down Down to Business podcast: What our politicians really need to do to make housing affordable John Ivison: Scheer’s endless spending promises are giving the Liberals an easy stick to beat him with Terence Corcoran: Impeachment hearings could come back to bite the Democrats Leaving Canada’s oil in the ground doesn’t only hurt the economy — it hurts the environment, too The Canadian Imperial Bank of Commerce hosts its annual Eastern Institutional Investor Conference in Montreal NDP Leader Jagmeet Singh will announce the NDP’s New Deal in Vancouver; Green Leader Elizabeth May in Halifax and Montreal; Conservative Leader Andrew Scheer in Quebec; Leader of the Liberal Party of Canada, Justin Trudeau in Thunder Bay, Ont. and Delta B.C.; Maxime Bernier, Leader of the People’s Party of Canada, in B.C. U.S. Transportation Secretary Elaine Chao speaks to the Montreal Council on Foreign Relations about global transportation challenges in Montreal Policy Options hosts a breakfast panel on emerging policy themes in the 2019 federal election campaign The Elevate tech conference in Toronto Disclosure application hearing for Huawei executive Meng Wanzhou’s case in Vancouver Corporate Event: AGF Management Q3 conference call BlackBerry Ltd.’s big earnings miss and lower forward guidance had the shares tumbling more than 20 per cent to a four-year low early Tuesday.BlackBerry’s Internet-of-Things (IoT) division and Cylance cyber security unit both missed consensus estimates and contributed to the miss, according to analysts.RBC Dominion Securities cut its price target for the Waterloo-based company to $7.50, from $9, noting that it remains a “show me” story.“The investor debate on BlackBerry stems from the company’s future opportunity compared to its current momentum,” wrote analyst Paul Treiber in a note to clients. “Licensing and BTS appears the healthiest, given design win momentum which may drive stronger growth. For other opportunities like ESS and Radar, limited near-term growth reduces long-term visibility. Cylance is early, and Cylance’s lower growth vs. some competitors creates uncertainty.”— Please send your news, comments and stories to yhussain@postmedia.com. — Yadullah Hussain @pamheavenWith files from The Canadian Press, Thomson Reuters and Bloomberg

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