Canadian oil investors should not underestimate how bullish this is for oil stocks—not only does the agreement mean up to 1.8 million barrels of production per day will be removed, but it also means that OPEC is back to market manipulation.
Canopy Growth Corp. (TSE:CGC) has offered to acquire Toronto-based Mettrum Health Corp. (CVE:MT) for $430 million, forming a Canadian marijuana mega-company with a patient base that would dominate the Canadian market.
But before you get ahead of yourselves, know that the Canopy’s underlying fundamentals have completely decoupled from the stock’s incredible market cap. Currently, analysts are forecasting the pot market to hit estimated peak sales of $5-8 billion in 2020 and beyond (including recreational and medicinal); that’s if legalization goes off without a hitch.
TORONTO — Volatile share prices of Canada’s publicly traded marijuana companies triggered numerous circuit-breaking halts in trading Wednesday as buzz surrounding the nascent sector pushed valuations to record intraday highs.
South Africa's Gold Fields Ltd and Silver Standard Resources Inc have made three joint, unsolicited bids for Canada's Kirkland Lake Gold Inc. (TSE:KLG) and recently sweetened their offer to about C$1.4 billion.
Whether or not you are a fan of the result, Donald Trump has managed to defy pollsters, pundits and the media every step of the way over the 2016 presidential election campaign.
Global stock markets are staging a comeback after the shock election of Donald Trump sent Dow futures plunging more than 700 points at one point last night and the Mexican peso hit an all-time low against the U.S. dollar.
