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Msg  68254 of 68434  at  9/30/2020 11:47:02 AM  by

Gammafriend


Morning News Call TD


 

CANADA EDITION

 

WEDNESDAY, SEPTEMBER 30, 2020

 



TOP NEWS
 Insults and interruptions mar first Trump-Biden debate
President Donald Trump and Democratic rival Joe Biden battled fiercely over Trump's record on the coronavirus pandemic, healthcare and the economy in a chaotic and bad-tempered first debate marked by personal insults and Trump's repeated interruptions.
• Huawei lawyers to respond to prosecution arguments in CFO's U.S. extradition case
Lawyers for Huawei Chief Financial Officer Meng Wanzhou will have a chance to respond to arguments made by the Canadian government, as Huawei pushes to add an allegation of abuse of process to block her extradition to the United States.
• China preparing an antitrust investigation into Google -sources
China is preparing to launch an antitrust probe into Alphabet's Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.
• U.S. Treasury says it has closed loans to seven major airlines
The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance.
• Disney to lay off about 28,000 parks unit employees due to coronavirus hit
Walt Disney said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed.



BEFORE THE BELL

Canada’s main stock index futures fell, as oil prices dipped on concerns over fuel demand. Wall Street futuresEuropean and Japanese shares fell, after a chaotic first U.S. presidential debate and rising COVID-19 cases turned investors cautious. Gold slipped as the U.S. dollar benefited from caution that crept into financial markets.



POLL
Canada housing market rally to cool off next year
Canadian home prices, which rallied more sharply than expected this year, are set to rise by less than consumer inflation next year as higher unemployment and lower immigration levels cool down the market, a Reuters poll of analysts showed.



ANALYSTS' RECOMMENDATION
• Just Energy Group Inc (JE). CIBC cuts target price to C$14 from C$16.50, factoring share consolidation and changes to the company's senior management team.
• Suncor Energy Inc (SU). Scotiabank cuts target price to C$27 from C$30, saying it has lowered the company's 2021 production estimates.



ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 GDP mm for Jul: Expected 3.0%; Prior 6.5%


COMPANIES REPORTING RESULTS
September 30:
No major companies are scheduled to report.

October 1:
No major companies are scheduled to report.



CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 Valeo Pharma Inc (VPH). Q3 earnings conference call
0900 Silver Bear Resources Inc (SBR). Annual Shareholders Meeting
1300 Titan Medical Inc (TMD). Annual Shareholders Meeting



EX-DIVIDENDS
Laurentian Bank of Canada (LB). Amount C$0.40


(All analysts' estimates are according to I/B/E/S Refinitiv data.)


 


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