Former trader Marc Cohodes spent decades betting against housing "bubbles" before they burst. Now he has his eye, and his money, on the local housing market, and he has a warning to homeowners and first-time buyers.
The foreign investor captured 37 per cent of the 27 votes cast in the annual poll of the country's newsrooms by The Canadian Press. It's the first time since the survey began in 2003 that the business newsmaker of the year wasn't a specific person.
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.
