MORNING NEWS CALL TOP NEWS • Three CEOs resign from Trump council over Charlottesville The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, following Trump's initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia. • Canada government orders broadcast regulator to reconsider TV license terms The Canadian government on Monday ordered the country's broadcast regulator to reconsider the terms for renewals of television broadcast licenses that it implemented earlier this year, saying they did not do enough to support the funding of independent, domes- tic content. • Canadian small business lending climbs for 5th month in June -PayNet Lending to Canadian small businesses rose for a fifth straight month in June on stronger activity in construction and other major in- dustries, data showed, suggesting that companies are adding to solid growth in the domestic economy. • Home Depot tops profit, comp sales estimates; raises forecast Home Depot Inc's quarterly profit and comparable sales beat Street estimates as homeowners continued to invest in their homes that are appreciating in value. • Transocean in $1.1 billion deal to buy Norwegian rig firm Songa Offshore Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns, the two companies said. eaker demand in China, the world's second-largest consumer. BEFORE THE BELL Futures pointed to a higher opening for Canada's main stock index, helped by an easing of tensions around North Korea that drove investors away from riskier assets last week. World stocks rose, while the Japanese yen, Swiss franc and gold all dropped after North Korea's leader signalled he would delay plans to fire a missile towards Guam. U.S. stock index futures indicated a higher start for Wall Street ahead of Commerce Department’s latest report on retail sales and business inventories. Oil prices steadied after a heavy sell-off following a surge in the U.S. dollar, and weighed down by signs of weaker demand in China, the world's second-largest consumer. COLUMN No one is paid to front run the apocalypse: James Saft That fund managers are rewarded for hugging the benchmarks they track is a big reason behind the otherwise puzzlingly mild reac- tion of financial markets to rising tensions and threats between nuclear powers the United States and North Korea. No one, and I mean this in the nicest, most humane way, no one is paid to help clients avoid the kind of massive stock market downdraft we’d see if the two went to war. Besides being, like the rest of us, badly positioned to predict what will happen, fund managers face disproportion- ately large career and portfolio risks if they try to sell up to prepare for a war, making going along for the ride the safest, easiest op- tion. ANALYSTS' RECOMMENDATION • Husky Energy Inc (HSE). Canaccord Genuity raises price target to C$15.50 from C$14.50 based on revised estimates to incorpo- rate the effects of the recent quarter, timing of first production at the BD field and the Superior acquisition. ECONOMIC EVENTS No economic indicators are scheduled for release. REUTERS Canada Edition Tuesday, August 15, 2017