CANADA: Trudeau Dismisses '51st State' Comments As LPC Climbs In Polls

Feb-12 16:16

You are missing out on very valuable content.

The latest opinion polling from Lger shows a stark turnaround in support for the governing centre-le...

Historical bullets

EU-RUSSIA: Ten EU Nations Call For Tougher Sanctions On Russian LNG

Jan-13 16:14

Bloomberg reporting that ten European Union nations are, “pushing to toughen sanctions against Russia by introducing further restrictions on natural gas and bolstering the enforcement of a price cap on oil.”

  • According to Bloomberg, the group which includes Sweden, Ireland, Poland, Lithuania, Latvia, Estonia, Denmark, Finland, the Czech Republic and Romania, “want to prohibit imports of pipeline and liquefied natural gas to the bloc to limit the revenues that the Kremlin uses to finance the war in Ukraine.”
  • The group said in a document seen by Bloomberg: “As an end goal, it is necessary to ban the import of Russian gas and LNG at the earliest date possible. An alternative to the full ban could be to gradually reduce the use of Russian gas and LNG as has also already been set out in the RePowerEU Roadmap.”
  • The document adds: “In any event, the Russian LNG tanker fleet needs to be subject to targeted sanctions prohibiting docking and maritime services on EU territory.”
  • Bloomberg notes that restrictive measures, “require unanimous approval from the EU’s 27 member states, which has become an increasingly difficult hurdle with Hungarian Prime Minister Viktor Orban openly skeptical of such steps.”

CANADA: Politics Week: Trudeau Struggles To Tackle Trump's Economic Force Threat

Jan-13 16:10
  • Prime Minister Justin Trudeau last Monday said he will resign March 24 to allow for a Liberal leadership race, also hanging on to deal with Donald Trump's threats of a 25% tariff and use of "economic force" after taking office Jan. 20.
  • Trudeau Thursday was in Washington for Jimmy Carter's funeral but appeared to have no meetings with lawmakers or the President-elect. He called a press conference late that day but took no questions, and scheduled no public events Friday or today.
  • Trudeau suspended Parliamentary business until his resignation, short-circuiting opposition parties who intended to force a snap election when the legislature had been due to open Jan. 27.
  • Leadership vote is March 9. Foreign Minister Melanie Joly and Finance Minister Dominic LeBlanc and Anita Anand aren't running while former minister Chrystia Freeland and former BOC/BOE Governor Mark Carney are expected to compete. Other potential candidates include industry minister Francois-Phillipe Champagne and resources minister Jonathan Wilkinson.
  • Polling aggregator 338Canada shows Conservatives likely to win majority government if election were held now.
  • Sample headlines: The great pretender: Looking back at Trudeau, we see our initial judgment of him when he first entered politics was correct (Globe and Mail); Trudeau’s Long Premiership Was Hollow at the Core (Foreign Policy Magazine); PM Trudeau says he thinks Trump is using talk of Canada becoming 51st state to distract from tariff impact (CTV News).

PIPELINE: $1.5B CBA 5Y SOFR Launched

Jan-13 15:36
  • Date $MM Issuer (Priced *, Launch #)
  • 01/13 $1.5B #CBA 5Y SOFR+69
  • 01/13 $3B KFW +5Y +43a
  • 01/13 $2B CADES 5Y SOFR+70a
  • 01/13 $Benchmark Micron 10Y +130a
  • 01/13 $Benchmark IFC 3Y SOFR+33a
  • 01/13 $Benchmark CAF 5Y SOFR+90a
  • 01/13 $Benchmark EBRD 5.5Y SOFR+42
  • 01/13 $Benchmark Ares Strategic 7Y +200a
  • 01/13 $Benchmark BNG Bank 5Y SOFR+50a
  • 01/13 $Benchmark KHFC 5Y +95a, 5Y SOFR
  • 01/13 $Benchmark Rabobank 3Y, 3Y SOFR, 8NC7 
  • 01/13 $Benchmark Blue Owl Tech Fin 3Y +215a
  • 01/13 $Benchmark Apollo Debt Solutions 7Y +21a
  • 01/13 $Benchmark Deere 10Y +90a, 30Y +105a
  • 01/13 $Benchmark British Colombia 3Y SOFR+46a
  • 01/13 $Benchmark Plains All American 10Y +145a
  • 01/13 $Benchmark Eastern Energy Gas 10Y +130a, 30Y +150a
  • 01/13 $Benchmark Standard Chartered 4NC3, 4NC3 SOFR, 11NC10
  • 01/13 $Benchmark Citadel investor calls