Heads up, Happy Valley - A PM, two premiers and Peter Penashue coming your way!

The PM heads to Happy Valley-Goose bay to join provincial premiers Kathy Dunderdale and Darrell Dexter, as well as his embattled intergovernmental affairs minister Peter Penashue, at a hastily organized event to announce the finalization of the much-anticipated Muskrat Falls loan guarantee.

After spending much of the fall under heavy opposition fire over his 2011 campaign expenses, Penashue now faces questions over alleged family and business connections to contractors involved in the project.

Back on the Hill, Environment Minister Peter Kent is expected to hit the Foyer this morning to reveal the decision on an unspecified project "assessed by a [similarly unspecified] joint review panel."

On the Commons agenda today: second reading of the Nuclear Terrorism Act, which would tighten up the laws regarding possession, trafficking and threats related to nuclear material.

Outside the precinct, the Canadian Study of Parliament Group examines how political parties select their leaders.

On the ministerial circuit:

• Associate Defence Minister Bernard Valcourt pays a visit to Carleton Place-based DRS Technologies Canada, where he will make an "important announcement" related to military equipment, with similarly-themed events with Labour Minister Lisa Raitt and Veterans Affairs Minister Steve Blaney slated for Patlon Aircraft & Industries in Halton Hills, and Wajax Power Systems in Quebec City, respectively.
• Elsewhere in Ontario, Human Resources Minister Diane Finley speaks to the Odette School of Business at the University of Windsor and Agriculture Minister Gerry Ritz kicks off the AgriProcessors/Producers' Summit in Toronto.
• Moving west, Natural Resources Minister Joe Oliver heads to the Calgary Petroleum Club for the Canada Energy Summit, which is hosted by the Economic Club of Canada. In Edmonton, Minister of State for Science and Technology Gary Goodyear joins local MP and Public Works Minister Rona Ambrose to "wrap up" the Knowledge Infrastructure Program at the University of Alberta.
• In Victoria, Finance Minister Jim Flaherty makes himself available to reporters before heading behind closed doors for pre-budget consultations, while in Surrey, International Trade Minister Ed Fast joins BC Transport Minister Mary Polak and "key industry stakeholders" to "celebrate a major milestone for the South Fraser Perimeter Road."