AGP Executive Report
Last update: 4 hours agoShell Deal Watch: Shell is nearing a roughly $1B sale of its South Africa fuel-station network to Adnoc’s retail arm, a move that would transfer control of about 600 sites (around 10% of the market) and fits Shell’s plan to shed non-core assets while keeping focus on long-term production, including in Canada. Federal Politics & Finance: Pierre Poilievre reshuffled his Conservative front bench, naming Ontario MP Michael Chong as finance critic as he moves from foreign affairs, replacing Jasraj Hallan who shifts to national revenue. Energy & Jobs: Methanex says it will idle its Titan methanol plant in Trinidad indefinitely after failing to secure a new natural gas supply contract, with about 140 permanent jobs likely affected as the site goes into preservation mode. Macro Snapshot: Statistics Canada reports the economy rebounded in April with 0.5% real GDP growth, led by oil and gas, with gains also in manufacturing, construction and public sectors. Markets Plumbing: CIRO issued trading halts for Baylin Technologies and Chemtrade Logistics income fund ahead of pending delistings, while trading resumed for Premium Income Corporation. Investing & Infrastructure: CIBC Global Asset Management launched a private infrastructure fund with J.P. Morgan Asset Management, signaling continued push into private markets.
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