CANADA DAYBOOK: Bombardier Reports Earnings; NHL Finals Begin
Bombardier Inc. is scheduled to post quarterly earnings and hold its annual shareholder meeting. The National Hockey League’s Stanley Cup finals start in Vancouver.
ECONOMY: *Parliamentary Budget Officer Kevin Page will publish a report on his office’s economic and fiscal outlook at 10 a.m.
EVENTS: *Bombardier, which makes trains and airplanes, is to release fiscal first-quarter earnings. The company will report profit of 9 cents a share, excluding certain items, according to the average of 17 analyst estimates in a Bloomberg survey. Bombardier also will hold its annual shareholders’ meeting in Montreal. *Shareholders of money manager CI Financial Corp. are scheduled to vote on a proposed extension of the company’s shareholder- rights plan at 11 a.m. in Toronto. *Agriculture Minister Gerry Ritz gives a speech in Ottawa at 9:20 a.m. and may speak with reporters afterward. *The Canadian Telecom Summit continues in Toronto with speeches by Videotron Chief Executive Officer Robert Depatie and Telus Corp. CFO Robert McFarlane. *Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer and Agrium Inc. (AGU), North America’s largest farm retailer, are among the companies scheduled to do presentations at the Scotia Capital Global Fertilizer conference in Toronto. *Allied Properties Real Estate Investment Trust (AP-U), which owns commercial properties in Canada, is to report first-quarter financial results after markets close. The average of seven analyst estimates for funds from operations is 38 Canadian cents a share. *The Vancouver Canucks play the Boston Bruins in the first game of the National Hockey League’s Stanley Cup final. The match begins at 8 p.m. Toronto time at Vancouver’s Rogers Arena.
MARKETS: *The S&P/TSX index fell 0.2 percent to 13,802.88 yesterday. *Yields on two-year Government of Canada bonds rose three basis points to 1.54 percent as of 4:34 p.m. yesterday. *The Canadian dollar increased to 0.9 percent to 96.87 cents per U.S. dollar in Toronto yesterday.
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