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Daily Pulse


China is warning of a Canadian investment chill after the rejection of the Aecon Group Inc. takeover. Prime Minister Justin Trudeau's government on Wednesday killed a proposed Chinese takeover of the Toronto-based construction firm, citing advice from national security agencies. Following the decision, the Chinese Embassy in Ottawa issued a written statement cautioning the move was not "good news for the investment cooperation between China and Canada." The embassy later issued a second statement criticizing "politicization" of national security risks.

Bombardier Inc. will build two new private planes in response to growing demand for large-cabin business jets. The Global 5500 and Global 6500 aircraft will come equipped with redesigned cabins, an optimized wing and all-new Rolls-Royce engines, Bombardier said Sunday in a statement.


President Donald Trump appeared to confirm that his summit with Kim Jong Un was back on, three days after he abruptly called off the historic meeting in an sharply worded letter to the North Korean leader.

The outlook for oil is still bullish, according to Goldman Sachs Group Inc. A plan by Saudi Arabia and Russia to revive production after over a year of curbs to clear a global glut signals supplies are currently tight, and isn't a bearish development, analysts including Damien Courvalin wrote in a report. Even if the nations boost output by 1 million barrels a day, that would only offset involuntary production declines, according to the bank.


Italian President Sergio Mattarella asked economist Carlo Cottarelli to form a government with new elections due as early as the fall, as populist leaders railed against the president and the European Union for scuppering their bid for power.

The cost to protect Italy's bonds is climbing the most since throes of the European debt crisis, as political uncertainty roils the southern European nation. The five-year Italian credit default swap rose about 40 basis points last week, the most since 2012, according to data compiled by Bloomberg.


Japan's Topix index fell for a sixth-straight day, its worst losing streak since September 2016, as investors shrugged off the possible resumption of preparations for a U.S.-North Korea summit amid lingering concern about global trade.

The author

Michel Doucet

Michel Doucet

Vice-President and Portfolio Manager
After obtaining a Bachelor's degree from the Faculty of Social Sciences at the Université du Québec in Montréal and his Master’s degree, Michel Doucet began his career as a junior economist at the National Bank head office in Montreal. In 1992 he joined the institutional equities and fixed income group at Lévesque Beaubien Geoffrion as an economist and market analyst. Over the years, he has led various projects related to the North American and international economies as well as Canadian public finances. In 1996, the team of institutional economists to which he belongs was ranked first in Canada by Brendan Wood International. In August 1997, Mr. Doucet joined the personal services division of Lévesque Beaubien Geoffrion where he served as an economist, fixed income market analyst and vice president. In 2004, he joined the Desjardins Securities full service team as Vice President. He now occupies the roles of fixed income strategist, economist and portfolio manager. He manages the Securities Portfolio Advisory Group, advisor marketing and distribution of financial planning and insurance.