On Monday, the bridge was temporarily closed by a blockade set up by protesters fighting Covid-19 vaccine mandates. Some of those protesting said they were inspired to act by a demonstration in Ottawa, which for the past 13 days has clogged traffic in the Canadian capital's core district and disrupted residents' lives.
The bridge has been partially re-opened, with vehicles able to travel from Windsor, Ontario, to Detroit, but at sharply reduced traffic levels. Meanwhile, U.S. trucks and other vehicles cannot enter Canada via the Ambassador Bridge, which crosses the Detroit River and carries roughly 30% of two-way annual U.S.-Canada trade.
The latest U.S. trade data pegs annual trade between the North American neighbors at over $600 billion.
Commercial traffic has been rerouted north to the Blue Water Bridge, which crosses the St. Clair River and connects Port Huron, Mich., with Sarnia, Ontario, roughly 66 miles north of the Detroit-Windsor crossing.
By late Wednesday, trucks were backed up more than 17 miles on Michigan highways leading to that bridge, a spokeswoman for the Michigan Department of Transportation said, adding that it was taking truckers up to five hours to cross the Blue Water Bridge.
Expected Major Events for Thursday
00:01/UK: Jan RICS Residential Market Survey
01:01/UK: Jan KPMG and REC UK Report on Jobs
09:30/UK: 4Q Mortgage and landlord possession statistics
09:30/UK: 4Q Mortgage Arrears and Possessions data
13:00/RUS: Weekly International Reserves
13:30/US: Jan CPI
13:30/US: Jan Real Earnings
13:30/US: 02/05 Unemployment Insurance Weekly Claims Report - Initial Claims
13:30/US: U.S. Weekly Export Sales
14:45/US: Consumer Comfort Index
15:30/US: 02/04 EIA Weekly Natural Gas Storage Report
19:00/US: Jan Monthly Treasury Statement of Receipts & Outlays of the U.S. Govt
21:30/US: Foreign Central Bank Holdings
21:30/US: Federal Discount Window Borrowings
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Thursday
Armada Hoffler Properties (AHH) is expected to report for 4Q.
Bombardier Inc (BBD.A.T,BBD.B.T,BDRBF) is expected to report $-0.03 for 4Q.
Brainstorm Cell Therapeutics Inc (BCLI) is expected to report $-0.20 for 4Q.
Brookfield Asset Management Inc - Class A (BAM,BAM.A.T) is expected to report $0.92 for 4Q.
Canada Goose Holdings Inc (GOOS,GOOS.T) is expected to report $1.12 for 3Q.
Coca-Cola Co (KO) is expected to report $0.41 for 4Q.
Colliers International Group Inc (CIGI,CIGI.T) is expected to report $1.50 for 4Q.
Computer Modelling Group is expected to report $0.06 for 3Q.
Diebold Nixdorf Inc (DBD) is expected to report $0.26 for 4Q.
Duke Energy Corp (DUK) is expected to report $1.04 for 4Q.
Encision (ECIA) is expected to report for 3Q.
Euronet Worldwide Inc (EEFT) is expected to report $1.07 for 4Q.
First American Financial (FAF) is expected to report $1.76 for 4Q.
Glatfelter Corp (GLT) is expected to report for 4Q.
Global Payments Inc (GPN) is expected to report $1.04 for 4Q.
Group 1 Auto (GPI) is expected to report $9.03 for 4Q.
H2O Innovation is expected to report $0.01 for 2Q.
Huntington Ingalls Industries Inc (HII) is expected to report $3.03 for 4Q.
Interpublic Group of Cos (IPG) is expected to report $0.78 for 4Q.
Kellogg Co (K) is expected to report $0.79 for 4Q.
Kimco Realty Corp (KIM) is expected to report $0.17 for 4Q.
LCI Industries (LCII) is expected to report $2.76 for 4Q.
Laboratory Corp of America Holdings (LH) is expected to report $5.55 for 4Q.
Martin Marietta Materials (MLM) is expected to report $2.90 for 4Q.
Nu Skin Enterprises (NUS) is expected to report $0.95 for 4Q.
PBF Energy Company LLC (PBF) is expected to report $0.61 for 4Q.
PBF Logistics LP (PBFX) is expected to report $0.61 for 4Q.
Patterson-UTI Energy Inc (PTEN) is expected to report $-0.36 for 4Q.
Peabody Energy Corp (BTU) is expected to report $1.66 for 4Q.
PepsiCo Inc (PEP) is expected to report $1.49 for 4Q.
Philip Morris International (PM) is expected to report $1.32 for 4Q.
Piper Sandler Cos (PIPR) is expected to report $4.74 for 4Q.
Precision Drilling (PD.T,PDS) is expected to report for 4Q.
RBC Bearings Inc (ROLL) is expected to report $0.41 for 3Q.
Shutterstock (SSTK) is expected to report $0.24 for 4Q.
Sonoco Products (SON) is expected to report $0.87 for 4Q.
Tapestry Inc (TPR) is expected to report $1.17 for 2Q.
TechTarget (TTGT) is expected to report $0.19 for 4Q.
Telus Corp (T.T,TU) is expected to report $0.23 for 4Q.
Twitter Inc (TWTR) is expected to report $0.16 for 4Q.
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ANALYST RATINGS ACTIONS
ACADIA Pharmaceuticals Raised to Buy From Neutral by HC Wainwright & Co.
Advanced Micro Devices Raised to Buy From Outperform by Daiwa Capital
Arena Pharmaceuticals Cut to Neutral From Buy by HC Wainwright & Co.
Big Lots Cut to Underweight From Neutral by JP Morgan
Enphase Energy Raised to Buy From Hold by Craig-Hallum
Federal Realty Raised to Overweight From Equal-Weight by Capital One
General Motors Cut to Neutral From Buy by Nomura Instinet
Incyte Cut to Underperform From Market Perform by SVB Leerink
Karyopharm Therapeutics Raised to Neutral From Underweight by JP Morgan
Newmont Cut to Hold From Buy by Canaccord Genuity
QuinStreet Cut to Hold From Buy by Lake Street
Tenet Healthcare Raised to Buy From Hold by Truist Securities
Tenet Healthcare Raised to Outperform From Market Perform by SVB Leerink
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
02-10-22 0607ET
