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Market Chatter: Canada Negotiating Purchase of Aerial Surveillance System with Swedes Instead of American Competitor

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In front of a packed room of Canadian corporate defence and security leaders, Prime Minister Mark Carney announced that Canada has entered negotiations to procure GlobalEye, an advanced aerial surveillance system developed in Sweden that uses Canadian-made jets, Canada's CTV National News is reporting Wednesday.

The GlobalEye is an airborne warning and control system (AEW&C) created by Swedish defence and security company Saab. The radar system is integrated into Bombardier's Global 6500, transforming the corporate jet into a cutting-edge surveillance aircraft, the report notes.

The federal government is negotiating a deal that would see at least one third of the projected fleet of the GlobalEye aircraft manufactured in Canada over the next 15 years, it adds

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Canada Negotiating Purchase of Aerial Surveillance System with Swedes Instead of American Competitor, CTV News reporting

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Government of Canada 10-Year Bonds Are Slightly Outperforming U.S. Treasuries Early Wednesday, Says National Bank

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High Flood and Wildfire Scores Recorded For Municipal Bond Offerings This Week

Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data.An $8 million offering from Northern Potter School District, Pa., records a Flood Risk Score of 5.0 out of 5.0, ICE reports. Locations with a component Physical Climate Risk Score, which includes Flood, Wildfire and Hurricane, of 2.0 or higher out of 5.0 indicate high physical climate risk due to hurricane, flooding or wildfire events.A $9 million bond deal from Mariposa County Unified School District, Calif., has a Wildfire Risk Score of 4.2 out of 5.0 on ICE's scale, while a $6 million tranche from Harris County MUD No. 50, Texas, records a Combined Physical Risk Score of 3.1.Separately, a $179 million offering from New Orleans, La., records an Acute Physical Risk Score of 4.2, and a $21 million deal from Haldane Central School District, N.Y., has an Acute Physical Risk Score of 2.0, due to their proximity to weather-related events, according to ICE Climate Data.This content is created byand includes certain data sourced from ICE Climate Data ("ICE"). Views ofdo not necessarily represent the views of ICE. ICE is not a nationally registered statistical rating organization, nor should this commentary be construed to constitute an assessment of the creditworthiness of any company or financial instrument or as providing investment advice. Climate analytics available from ICE are meant to be generally indicative of overall feature sets but should not be considered an analyst's opinion of the underlying investability of a particular location or security.The ICE Climate Risk Score is a singular, 0.0-5.0 assessment score that blends all the ICE Spatial Intelligence Platform's climate hazard models together into one rigorous, relative measure of total property risk from physical climate hazards to a given location or set of locations related to the investment. To learn more about the ICE Climate Risk Data, visit: ICE Sustainable Finance Data (https://www.ice.com/data-services/sustainable-finance-data/disclaimer)