The Daily Chase: Cameco doubles down on nuclear; Poilievre gains trust in inflation fight

Cameco is making a US$2.2-billion bet on the resilience of demand for nuclear energy in the global transition movement, as it teams up with Brookfield Renewable Partners to buy Westinghouse Electric Company from another branch of the Brookfield empire.

A new Nanos Research Group survey for our Bloomberg News partners suggests 30 per cent of Canadians think Conservative Party of Canada Leader Pierre Poilievre is the most trusted inflation fighter. That compares to 22 per cent who sided with Prime Minister Justin Trudeau, and 10 per cent who said the NDP’s Jagmeet Singh is most authoritative on the cost of living. Eighteen per cent of respondents said none of the leaders can be trusted. The possibility of this being a ballot-box issue might have to wait until 2025, when the next federal election is currently anticipated.

MUCH ADO ABOUT THE BANK OF ENGLAND

When the Bank of England announced its intervention in the bond market on Sept. 28, it said the purchases of gilts would wrap up on Oct. 14. When it announced the expansion of its intervention yesterday morning, it reiterated — in language that couldn’t possibly be misunderstood (“the Bank plans to end these operations and cease all gilt purchases”) — the Oct. 14 expiration. And yet Bank of England Governor Andrew Bailey’s underscoring of that timeline in remarks yesterday were blamed for the late-afternoon swoon in North American markets. Somewhere here there’s room for a discussion about moral hazard. We’re planning to stress test the market’s reaction with Lyle Stein in The Street. And we’ll get perspective on the scrutiny facing central bankers when ex-U.S. Federal Reserve Vice-Chair Randal Quarles joins us at 1:10 p.m. EDT.  MARKET WATCH