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Mathieu Dion

@mathieudion.bsky.social
1.1K followers 559 following 150 posts

Montreal Bureau Chief at Bloomberg English/Français Views = mine mdion12@bloomberg.net My stories: www.bloomberg.com/authors/AV1xQywAz…

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Mathieu Dion @mathieudion.bsky.social · 30/03/2026
Air Canada CEO Michael Rousseau announced he’s leaving after creating a public relations fiasco with an English-language video about the deadly runway collision at LaGuardia Airport in New York. Rousseau, 68, was paid C$13.1 million last year. www.bloomberg.com/news/article...
bloomberg.com
Air Canada CEO to Quit After Furor About Plane Crash Video
Air Canada Chief Executive Officer Michael Rousseau announced he’s leaving after creating a public relations fiasco with an English-language video about the deadly runway collision at LaGuardia Airpor...
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Mathieu Dion @mathieudion.bsky.social · 26/03/2026
Quebec Pension Fund Condemns Air Canada CEO's Video, Joining Carney "There is no doubt that the video should have been in both official languages," La Caisse said in an emailed statement to Bloomberg News. www.bloomberg.com/news/article...
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Mathieu Dion @mathieudion.bsky.social · 25/02/2026
Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets. www.bloomberg.com/news/article...
bloomberg.com
Desjardins Scouts for Hires and Deals to Expand Wealth, Capital Markets
Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets.
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Reposted by Mathieu Dion
Thomas Seal @twseal.bsky.social · 24/02/2026
US Transport Secretary reacts to @mathieudion.bsky.social's story on the Gulfstream approvals: "This is the Art of the Deal in real time"
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Mathieu Dion @mathieudion.bsky.social · 24/02/2026
Canada Greenlights All Gulfstream Jets After Trump Threats
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Mathieu Dion @mathieudion.bsky.social · 13/01/2026
Several Canadian provinces pulled US wine and spirits from stores after President Donald Trump started a trade war, costing American booze-makers millions of dollars in sales, with almost three-quarters of Canadians still supporting the initiative. www.bloomberg.com/news/article...
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Mathieu Dion @mathieudion.bsky.social · 17/12/2025
British startup Awendio Solaris is drafting plans to invest as much as C$1 billion into a solar technologies factory in Canada, though it still needs to secure power supply and financing. www.bloomberg.com/news/article...
bloomberg.com
UK Startup Awendio Plans $725 Million Solar-Cell Plant in Quebec
British startup Awendio Solaris is drafting plans to invest as much as C$1 billion ($725 million) into a solar technologies factory in Canada, though it still needs to secure power supply and financin...
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Mathieu Dion @mathieudion.bsky.social · 02/12/2025
(Bloomberg) -- Laurentian Bank reached a deal to sell its itself to Fairstone Bank for C$1.9 billion, part of a strategy to refocus the Canadian bank on its commercial-lending operations. National Bank of Canada will acquire all retail and small-business assets and liabilities.
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Mathieu Dion @mathieudion.bsky.social · 01/12/2025
La Caisse will be meeting with Pierre Karl Peladeau and his team “so that they can take us through the details of their plan,” it said in an emailed statement. Peladeau is pushing for partial control of the board of the airline and vacation provider Transat AT. www.bloomberg.com/news/article...
bloomberg.com
Billionaire Peladeau Takes Another Run at Canadian Airline Transat
Quebec billionaire Pierre Karl Péladeau is pushing for partial control of the board of vacation provider Transat AT Inc., saying the company needs major changes to turn around its share price and fix ...
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Reposted by Mathieu Dion
Bloomberg News @bloomberg.com · 24/11/2025
Our new Canada Daily newsletter will bring you the latest on business, the economy and politics from our five bureaus across the country. 🇨🇦 Subscribe now so you don't miss our first edition: bloom.bg/4rjmVqY
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Mathieu Dion @mathieudion.bsky.social · 09/09/2025
Aluminum producers in Quebec are sending more of the metal to Europe as US tariffs make shipments more expensive. The US market accounted for 78% of aluminum exports in Q2 versus 95% in Q1, while Europe’s share rose to 18% from 0.2%. www.bloomberg.com/news/article...
bloomberg.com
Canada Aluminum Hub Diverts Exports to Europe as US Tariffs Bite
Aluminum producers in Quebec are sending more of the metal used to make cans and car parts to Europe as US tariffs make their shipments more expensive for American customers.
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Mathieu Dion @mathieudion.bsky.social · 03/09/2025
WestJet will purchase 67 Boeing aircraft, placing its biggest-ever order in a push for future growth. The airline touted the “future economic benefits on both sides of the border,” as Canada and the US are currently negotiating a trade accord. www.bloomberg.com/news/article...
bloomberg.com
WestJet Makes Huge Boeing Order, Citing Canada and US Benefits
WestJet, Canada’s second-largest airline, will purchase 67 Boeing Co. aircraft with an option for more, placing its biggest-ever order in a push for future growth even as trade tensions with the US pe...
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Mathieu Dion @mathieudion.bsky.social · 29/08/2025
Dubai-based logistics company DP World is negotiating for a contract to operate a new container terminal that will increase the Montreal Port Authority’s capacity by more than 50%. www.bloomberg.com/news/article...
bloomberg.com
DP World Vies for Deal to Run Montreal Port Championed by Carney
Dubai-based logistics company DP World Ltd. is negotiating for a contract to operate a new container terminal that will increase the Montreal Port Authority’s capacity by more than 50%.
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Mathieu Dion @mathieudion.bsky.social · 06/08/2025
Air Canada proposed its flight attendant to increase total compensation, including benefits and bonuses, by about 20% in the first year of a contract and a total of 32.5% over four years. www.bloomberg.com/news/article...
bloomberg.com
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Mathieu Dion @mathieudion.bsky.social · 17/07/2025
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Mathieu Dion @mathieudion.bsky.social · 17/07/2025
Couche-Tard’s pursuit of Seven & i has come to an end. Now what? Shares of Couche-Tard soared as much as 18.5% in early trading Thursday, the most since 2002, before paring those gains. They were up 8% to C$74.48 as of 11:34 a.m. in Toronto. www.bloomberg.com/news/article...
bloomberg.com
Couche-Tard Couldn’t Outlast Seven & i as Its Own Headwinds Grew
Alimentation Couche-Tard Inc. ended its pursuit of Japan’s Seven & i Holdings Co., with the Canadian retailer’s ambitions giving way to mounting pressures in its own business.
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Mathieu Dion @mathieudion.bsky.social · 16/07/2025
Costs related to tariffs soared for Rio Tinto and Alcoa’s Canadian aluminum exports to the US in the first half of the year. Rio Tinto: US$300 million Alcoa: US$135 million www.bloomberg.com/news/article...
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Mathieu Dion @mathieudion.bsky.social · 16/07/2025
Le Québec accepterait-il des quotas sur le bois d'oeuvre exporté aux États-Unis? Canadian officials are open to considering limits on softwood lumber exports to the US to resolve trade friction, according to BC Premier David Eby, reports @twseal.bsky.social. www.bloomberg.com/news/article...
bloomberg.com
Canada Weighs Limiting Lumber Exports to Solve US Trade Dispute, BC Premier Says
Canadian officials are open to considering limits on how much softwood lumber can be exported to the US to try to resolve some of the trade friction between the countries, according to the leader of B...
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Mathieu Dion @mathieudion.bsky.social · 14/07/2025
Quebec billionaire Pierre Karl Peladeau says he’s not giving up his long pursuit of Air Transat's parent company, arguing the travel company’s latest balance-sheet maneuvers still leave it with too much debt. “It’s not over until it’s over.” www.bloomberg.com/news/article...
bloomberg.com
Billionaire Peladeau Still Wants to Take Over Travel Company Transat
Quebec billionaire Pierre Karl Peladeau says he’s not giving up his long pursuit of Transat AT Inc., arguing the travel company’s latest balance-sheet maneuvers still leave it with too much debt.
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Mathieu Dion @mathieudion.bsky.social · 11/07/2025
*TRUMP TO IMPOSE 35% TARIFF ON GOODS FROM CANADA
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Mathieu Dion @mathieudion.bsky.social · 04/07/2025
Aluminerie Alouette, an aluminum maker that’s partially owned by Rio Tinto, is planning to commit as much as C$1.5 billion in Quebec, despite the ongoing trade war with the US. Scoop from earlier this week: www.bloomberg.com/news/article...
bloomberg.com
Rio Tinto-Backed Aluminum Firm to Invest $1.1 Billion in Canada Project
Aluminerie Alouette, an aluminum maker that’s partially owned by Rio Tinto Plc, is planning to commit as much as C$1.5 billion ($1.1 billion) to modernizing its facilities in northern Quebec, accordin...
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Mathieu Dion @mathieudion.bsky.social · 04/07/2025
I sat down with Canada's finance minister Francois-Philippe Champagne. We talked about trade and the budget. He said the country can negotiate a better trade deal than other nations, pushing back on the idea that it may have to settle for a new baseline tariff. www.bloomberg.com/news/article...
bloomberg.com
Canada’s Finance Minister Sees Path to Avoid Baseline US Tariff
Canada’s finance minister said the country can negotiate a better trade deal with the Trump administration than other nations have received, pushing back on the idea that it may have to settle for a n...
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Mathieu Dion @mathieudion.bsky.social · 01/07/2025
Getting rid of the worst effects of tariffs is the real aim, said Jean Charest, who’s now a member of the council on Canada-US relations. “It’s doable, and there may be headline tariffs that are not applicable because there are quotas,” he said. www.bloomberg.com/news/article...
bloomberg.com
Carney Gives Trump a Small Trade Victory in Hunt for Larger Deal
Canadian Prime Minister Mark Carney handed US President Donald Trump a win in the hope of making bigger gains in trade negotiations.
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Reposted by Mathieu Dion
American Association of Wine Economists AAWE @wineecon.bsky.social · 07/06/2025
U.S. wine export markets have contracted substantially. In April, the year-over-year export value dropped by 41.4%, worsening the 28% decline recorded in March. The three main export destinations for U.S. wine—Canada (-93%), the UK (-29%), and China (-70%)—all reported significant decreases.
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Mathieu Dion @mathieudion.bsky.social · 30/05/2025
Why Couche-Tard is willing to pay as much as US$50 billion to own 7-Eleven? Great video produced by Bloomberg Originals! www.youtube.com/watch?v=dANV...
youtube.com
Why There’s a Billion-Dollar Battle to Own 7-Eleven
YouTube video by Bloomberg Originals
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Mathieu Dion @mathieudion.bsky.social · 27/05/2025
Montreal's aluminum trader Sinobec filed for creditor protection. It had been struggling to restructure, then the American trade war helped push the company over the edge. www.bloomberg.com/news/article...
bloomberg.com
Canadian Aluminum Trader Blames Its Bankruptcy on Trade War
A Canadian aluminum trader that had been struggling to restructure its debt has filed bankruptcy in the US and Canada, saying the American trade war helped push the company over the edge.
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Mathieu Dion @mathieudion.bsky.social · 22/05/2025
Bankrupt battery maker Northvolt AB will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then, a person familiar with the matter said. www.bloomberg.com/news/article...
bloomberg.com
Northvolt to Stop Production at End of June Without Buyer
Bankrupt battery maker Northvolt AB will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then, a person familiar with the matter ...
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Mathieu Dion @mathieudion.bsky.social · 08/05/2025
The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis. www.bloomberg.com/news/article...
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Mathieu Dion @mathieudion.bsky.social · 01/05/2025
🚨
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Mathieu Dion @mathieudion.bsky.social · 30/04/2025
Quebec’s finance minister Eric Girard told Bloomberg he predicts an economic slowdown for Canada in the second quarter and recession later in the year if the countries can’t come to an agreement. “Why don’t we resolve all this?” www.bloomberg.com/news/article...
bloomberg.com
Quebec Finance Minister Says Trade Dispute Risks Recession
Quebec’s minister of finance said he predicts an economic slowdown for Canada in the second quarter and recession later in the year if the country can’t come to an agreement that ends its trade disput...
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Mathieu Dion @mathieudion.bsky.social · 30/04/2025
Finance minister Eric Girard told Bloomberg News that, despite Quebec’s credit downgrade, there is still important demand for the province’s bond issues. “We’ve seen no movement in spreads. Zero basis point.”
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Mathieu Dion @mathieudion.bsky.social · 29/04/2025
The Canadian dollar swings as the election results come in.
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Mathieu Dion @mathieudion.bsky.social · 23/04/2025
Economists at one of Canada’s biggest lenders are raising doubts about the fiscal plans offered by the leading parties in the country’s election, @erikhertzberg.bsky.social and Mario Baker Ramirez report. www.bloomberg.com/news/article...
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Mathieu Dion @mathieudion.bsky.social · 22/04/2025
1/ La décote du Québec n'a pas d'effet sur les coûts d'emprunt dans l'immédiat. Aujourd'hui, des obligations venant à échéance en 2034 ont été vendues à un prix moins élevé que la semaine dernière et des autres semaines avant. Données compilées par Bloomberg :
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Mathieu Dion @mathieudion.bsky.social · 09/04/2025
1:33 pm: *GOLDMAN SACHS SAYS 65% CHANCE OF US RECESSION IN NEXT 12 MONTHS 2:38 PM: *GOLDMAN SACHS RESCINDS RECESSION CALL AFTER TRUMP TARIFF PAUSE
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Mathieu Dion @mathieudion.bsky.social · 07/04/2025
US hits Canada lumber with 34% duties even before Trump tariffs. “At today’s prices, it’s an unequivocal dead end,” said Frederic Verreault of Les Chantiers de Chibougamau, a major Quebec wood processor selling roughly half of its products to the US. www.bloomberg.com/news/article...
bloomberg.com
US Hits Canada Lumber With 34% Duties Even Before Trump Tariffs
The US is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on US materials costs even before President Donald Trump places any new tariffs on the sector.
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Mathieu Dion @mathieudion.bsky.social · 04/04/2025
Retaliation, a good idea? “If we start slapping tariffs on the US, which will not be optimal for the Canadian economy, then you’ll limit the ability of the central bank to cut rates,” said Stefane Marion, chief economist with National Bank. www.bloomberg.com/news/article...
bloomberg.com
Bank of Canada Seen Making Deeper Rate Cuts Amid Stock Rout, Job Losses
The Bank of Canada is expected to cut interest rates more deeply as US President Donald Trump’s tariff barrage sends world markets into a tailspin and data show the Canadian job market already taking ...
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Mathieu Dion @mathieudion.bsky.social · 04/04/2025
(Bloomberg) -- US stock futures sank in early trading on Friday morning after China announcedextra tariffs on US goods, extending Thursday’s selloff. Futures contracts on the S&P 500 sank 2.5%, and Nasdaq 100 futures slumped 2.9%.
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Mathieu Dion @mathieudion.bsky.social · 03/04/2025
“It’s going very well.” - Donald Trump
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Mathieu Dion @mathieudion.bsky.social · 03/04/2025
Interesting report from National Bank of Canada: "We estimate that, under the current measures, the effective trade-weighted tariff rate on Canadian exports remains below 5%." www.nbc.ca/content/dam/...
nbc.ca
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Mathieu Dion @mathieudion.bsky.social · 31/03/2025
Air Canada reports a 10% decline in bookings for transborder flights between Canada and the US for the April-to-September period compared to last year, as Canadians respond to the trade war by avoiding trips south. Shares are down by ~36% YTD. www.bloomberg.com/news/article...
bloomberg.com
Air Canada Says US Bookings Are Down 10% as Trade War Rages On
Air Canada says demand for flights between Canadian and US cities is weak for the spring and summer months, as Canadians respond to the trade war by avoiding trips south.
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Mathieu Dion @mathieudion.bsky.social · 31/03/2025
Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off. www.bloomberg.com/news/article...
bloomberg.com
Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy Process
Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off.
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Mathieu Dion @mathieudion.bsky.social · 28/03/2025
"We agree on many things, and will be meeting immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the US and Canada,” Trump said after talking to Carney. CAD jumps:
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Reposted by Mathieu Dion
Thomas Seal @twseal.bsky.social · 27/03/2025
Trump's tariffs on Canadian wood risk upsetting the supply chain for... toilet paper The kind of pulp mainly sourced from Canada is a key ingredient, experts tell me and @mathieudion.bsky.social
bloomberg.com
Trump Tariffs on Canada Lumber Risk Pinching Toilet Paper Supply
President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
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Mathieu Dion @mathieudion.bsky.social · 27/03/2025
Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper. NBSK pulp constitutes about 30% of standard US bathroom tissue and is currently sourced primarily from Canada. www.bloomberg.com/news/article...
bloomberg.com
Trump Tariffs on Canada Lumber Risk Pinching Toilet Paper Supply
President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
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Mathieu Dion @mathieudion.bsky.social · 26/03/2025
Private equity firms are showing strong interest in buying about 2,000 North American convenience stores that could be divested if Alimentation Couche-Tard Inc. succeeds in its $49 billion endeavor to buy out Seven & i, said the CFO in an interview. www.bloomberg.com/news/article...
bloomberg.com
Couche-Tard Sees Strong Interest in US Stores for Seven & I Deal
Private equity firms are showing strong interest in buying about 2,000 North American convenience stores that could be divested if Alimentation Couche-Tard Inc. succeeds in its ¥7.39 trillion ($49 bil...
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Mathieu Dion @mathieudion.bsky.social · 25/03/2025
Asked about the risk of a downgrade to Quebec’s credit rating, finance minister Girard acknowledged that credit agencies have taken a negative view on Canadian provinces. “We are confident that our plan to return to a balance budget is credible,” he said. www.bloomberg.com/news/article...
bloomberg.com
Quebec Sees Deeper Deficit, Lower Growth Amid Tariff Uncertainty
Quebec, Canada’s second-largest province, forecast a staggering C$13.6 billion ($9.5 billion) deficit for the next fiscal year and warned that the budget outlook depends on the duration and severity o...
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Mathieu Dion @mathieudion.bsky.social · 21/03/2025
Petit update sur Northvolt :
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Mathieu Dion @mathieudion.bsky.social · 21/03/2025
Hi, This tariff tracker is amazing: www.bloomberg.com/graphics/tru...
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Reposted by Mathieu Dion
Joe Weisenthal @weisenthal.bsky.social · 21/03/2025
THE MOTHER OF ALL PAIN TRADES In the newsletter, wrote about the simple chart that interests me more than anything else right now. Sub here to the newsletter: www.bloomberg.com/account/news...
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