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Brexit turmoil worrying British business leaders - The Globe and Mail Nov 15th
The Globe and MailBrexit turmoil worrying British business leadersThe Globe and MailBusiness leaders expressed alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading relations threatened to unravel, sending stock prices and the pound plung.... More »
Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE - Jan 8th
Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE WATCH LIVE: Fmr. Nissan CEO Carlos Ghosn holds a news conference after escape to Lebanon – 1/8/2020 CNBC TelevisionIran, Boeing 737, Carlos Ghosn: Your Wednesday Briefing The New York Ti.... More »
What’s Russell Peters doing now? Investing, and it’s a laugh + MORE Jul 15th
Money is no joke—or is it? For Brampton, Ont., native and celebrated comedian Russell Peters, money is as funny as it is serious because, well, everything is funny through his perspective (iykyk). He’s very into real estate (the stand-up comic loves collecting houses) and has recently bought two.... More »
Making sense of the markets this week: February 6 Feb 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The first modern-day pandemic—two years later
To my knowledge, I was the first financial writer in Canada to cover the pandemic or suggest it as a concern. It’.... More »
How to Attract Top Talent—and Keep Them + MORE Jun 9th
It’s no secret. After a banner year for tech company investment, a push to digitize businesses in response to the pandemic and the so-called Great Resignation, employers are scrambling to hire and retain skilled tech employees. A recent KPMG Business Outlook Poll suggests that nearly 80 per cent o.... More »
Aurora CanniMed $1B cannabis deal puts pressure on competitors
– canadianbusiness.com
Aurora Cannabis Inc.’s friendly billion-dollar deal to buy rival licensed producer CanniMed Therapeutics Inc. marks the biggest acquisition the marijuana sector has seen and puts pressure on their competitors to up their expansion antes.
The agreement, valued around $1.1 billion, comes after an acrimonious takeover battle that included a public war of words and a lawsuit filed by CanniMed against its suitor.
But after spending long days at the negotiating table since late last week, the adversaries agreed on a transaction that now includes both shares and cash _ a sweeter deal than the earlier all-stock transaction offered in November.
“It probably creates an expectation that there will be more consolidation in the sector,” said Aurora’s chief corporate officer Cam Battley.
The CanniMed transaction marks the largest acquisition in this sector by far, said Russell Stanley, special situations analyst at Echelon Wealth Partners.
There is now increased pressure for the sector’s bigger players _ who have all raised money amid soaring share prices recently _ to scale up either organically or via acquisitions, Stanley said…
The agreement, valued around $1.1 billion, comes after an acrimonious takeover battle that included a public war of words and a lawsuit filed by CanniMed against its suitor.
But after spending long days at the negotiating table since late last week, the adversaries agreed on a transaction that now includes both shares and cash _ a sweeter deal than the earlier all-stock transaction offered in November.
“It probably creates an expectation that there will be more consolidation in the sector,” said Aurora’s chief corporate officer Cam Battley.
The CanniMed transaction marks the largest acquisition in this sector by far, said Russell Stanley, special situations analyst at Echelon Wealth Partners.
There is now increased pressure for the sector’s bigger players _ who have all raised money amid soaring share prices recently _ to scale up either organically or via acquisitions, Stanley said…
Trump's Russian Money
– online.wsj.com
The big carrot in U.S. relations has been access to Western banks and real estate.Loonie surges 3/4 of a cent against greenback, TSX down despite oil price surge
– canadianbusiness.com
TORONTO _ The loonie jumped nearly three-quarters of a cent today following comments by the U.S. Treasury Secretary that a weaker greenback is good, as the Toronto stock index lost ground.
The Canadian dollar closed at an average trading value of 81.03 cents US, up 0.73 of a U.S. cent.
Speaking this morning at the World Economic Forum in Davos, Switzerland, Treasury Secretary Steven Mnuchin said he’s not concerned with the recent weakening of the U.S. dollar because when the currency goes down, it makes U.S. goods less expensive in other markets.
The S&P/TSX composite index was down 73.34 points to 16,284.21, despite a rally in oil and gold prices.
The March crude contract soared US$1.14 to US$65.61 per barrel and the February bullion contract climbed US$19.60 to US$1,356.30 an ounce.
In New York, the Dow Jones industrial average was up 41.31 points to 26,252.12. The S&P 500 index edged back 1.59 points to 2,837.54 and the Nasdaq composite index was down 45.23 points to 7,415…
The Canadian dollar closed at an average trading value of 81.03 cents US, up 0.73 of a U.S. cent.
Speaking this morning at the World Economic Forum in Davos, Switzerland, Treasury Secretary Steven Mnuchin said he’s not concerned with the recent weakening of the U.S. dollar because when the currency goes down, it makes U.S. goods less expensive in other markets.
The S&P/TSX composite index was down 73.34 points to 16,284.21, despite a rally in oil and gold prices.
The March crude contract soared US$1.14 to US$65.61 per barrel and the February bullion contract climbed US$19.60 to US$1,356.30 an ounce.
In New York, the Dow Jones industrial average was up 41.31 points to 26,252.12. The S&P 500 index edged back 1.59 points to 2,837.54 and the Nasdaq composite index was down 45.23 points to 7,415…
The pitiful performance of the TSX vs. the rest of the world appears set to continue
– theglobeandmail.com
The invigorated global economy is fuelling a synchronized rise in equity prices that has excluded few markets – Canada being one big exception
