The Columbia stock that’s not rallying on TransCanada's buyout + MORE Mar 18th

(Illustration by Sebastien Thibault)
When Ontario became the first province to loosen restrictions for investing in private capital markets earlier this year, it opened the floodgates to millions who may not have qualified previously. As of April 30, similar changes are also coming to Alberta, Saskatchewan, Quebec, New Brunswick and Nova Scotia. Until now, it’s primarily been the wealthy who have had access to alternative investments in private markets. While returns with these products can be higher, so too can the risks.
In the past, an investor required financial assets of at least $1 million, income in excess of $200,000 in the past two years ($300,000 combined with a spouse), or a net worth of over $5 million to get into private capital markets. Now anybody can invest up to $10,000 annually—and so-called “eligible investors”  can invest up to $30,000 provided they have $75,000 of personal income in the past two years ($125,000 combined with a spouse), or $400,000 in total net assets…

Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,497.07, down 124.23 points):
Pengrowth Energy Corp. (TSX:PGF). Oil and gas. Up 11 cents, or 8.46 per cent, to $1.41 on 47.6 million shares.
OceanaGold Corp. (TSX:OGC). Miner. Up 15 cents, or 4.21 per cent, to $3.71 on 34.4 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up five cents, or 4.03 per cent, to $1.29 on 33.3 million shares.
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Miner. Down three cents, or 2.48 per cent, to $1.18 on 26 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up three cents, or 0.74 per cent, to $4.09 on 21.5 million shares.
Trinidad Drilling Ltd. (TSX:TDG). Oil and gas. Up seven cents, or 3.89 per cent, to $1.87 on 19.2 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering, construction. Down 70 cents, or 1.48 per cent, to $46.46 on 707,250 shares. SNC-Lavalin is eliminating 950 jobs around the world, including 600 in Canada…

TransCanada said nothing about its plans for Columbia Pipeline Partners LP, whose owners expect it to grow in value and pay out higher distributions at a pace of about 20 per cent a year

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Starwood Hotels & Resorts Worldwide Inc. (HOT), up $4.18 to $80.57
The hotel chain accepted a $14 billion buyout offer from a group led by Anbang Insurance Group of China.
Columbia Pipeline Group Inc. (CPGX), up $1.33 to $24.84
TransCanada Corp. agreed to buy the company for $10 billion, or $25.50 per share, in an attempt to expand further into the U.S.
Tiffany & Co. (TIF), up $2.07 to $72.19
The jewelry retailer had a difficult fourth quarter, but its profit was larger than investors expected.
JPMorgan Chase & Co. (JPM), up $1.73 to $60.48
The bank said it will buy back another $1.88 billion in company stock, and got a boost from rising oil prices.
Textron Inc. (TXT), up $1.20 to $36.17
The weakening dollar could make Textron’s products, including Cessna small planes and Bell helicopters, more affordable overseas.
Bank of America Corp. (BAC), up 39 cents to $13…

But don’t ignore those who have strong sponsors, good pipeline of acquisitions, analysts say