John's Feed
Dec 12, 2014

Canadian medical marijuana company PharmaCan to go public next week

TORONTO, Dec 12 (Reuters) – PharmaCan Capital, a holding
company focusing on the Canadian medical marijuana market, is
set to go public next week, opening up for investors a basket of
licensed producers and signaling the appetite for a growing
industry.

The Toronto-based company has significant stakes of eight
medical marijuana producers, including five licensed by
regulator Health Canada. It will go public through a reverse
takeover of a listed entity, with a ticker symbol on the TSX
venture exchange of “MJN”.

Dec 12, 2014

TSX declines on oil price fall, Chinese data

TORONTO, Dec 12 (Reuters) – Canada’s main stock index fell
on Friday after a slump in the price of oil and disappointing
Chinese economic data sent energy shares down, setting the
market up for a weekly decline.

Figures released on Friday showed China’s factory output
growth slowed more than expected in November and growth in
investment neared a 13-year low.

Dec 11, 2014

U.S. data sparks TSX climb but oil shares stay weak

TORONTO, Dec 11 (Reuters) – Canada’s main stock index
advanced in choppy trading on Thursday as robust U.S. economic
data boosted sentiment even as weak crude prices continued to
undermine oil and gas shares.

Most of the market’s major sectors rose after figures in the
United States showed higher consumer spending in November,
helped by lower gasoline prices.

Dec 11, 2014

TSX rebounds as U.S. data, energy shares support

TORONTO, Dec 11 (Reuters) – Canada’s main stock index
advanced on Thursday as bullish U.S. economic data lifted
confidence in equities and shares of energy companies rebounded
after a brutal selloff in the previous session.

Figures showed higher U.S. consumer spending in November,
helped by lower gasoline prices.

Dec 10, 2014

TSX sheds 1.5 percent as oil selloff deepens

TORONTO, Dec 10 (Reuters) – Canada’s main stock index
dropped 1.5 percent on Wednesday, with shares of energy
producers sharply lower as oil prices tumbled on a weak outlook
for demand in 2015.

Already battered oil prices hit a five-year low after the
Organization of the Petroleum Exporting Countries cut its
forecast for oil demand.

Dec 9, 2014

TSX climbs as energy, gold shares advance

TORONTO, Dec 9 (Reuters) – Canada’s main stock index rose in
choppy trading on Tuesday, recovering slightly from a sharp
selloff in the previous session as higher commodity prices
boosted shares of energy and gold producers.

Oil prices rose after earlier tumbling to a five-year low,
weighed by fears of increasing supply and sluggish demand, and
have lost about 40 percent since June.

Dec 9, 2014

TSX drops as oil selloff triggers global growth concerns

TORONTO, Dec 9 (Reuters) – Canada’s main stock index dropped
in volatile trading on Tuesday, extending a steep decline in the
previous session, as the recent selloff in the price of oil
fueled concerns about the health of the global economy.

Oil prices tumbled to a five-year low, weighed by fears of
increasing supply and sluggish demand. They recovered later but
have lost about 40 percent since June, hurting the energy sector
in the process.

Dec 8, 2014

Energy selloff fuels biggest TSX drop in almost 18 months

TORONTO, Dec 8 (Reuters) – Canada’s main stock index
recorded its biggest single-day percentage drop in nearly 18
months on Monday as a selloff in oil sent shares of energy
producers tumbling and raised fears about a wholesale retreat
from Canadian equities.

With world oil prices showing no signs of slowing their
decline to five-year lows, Canada’s large number of energy
stocks were among the hardest hit but were by no means the only
ones.

Dec 8, 2014

TSX drops 2.5 pct in energy-led sell-off

TORONTO, Dec 8 (Reuters) – Canada’s main stock index slumped
on Monday, at one point tracking its sharpest fall since 2011,
in a broad-based sell-off led by financial and resource shares.

With world oil prices showing no signs of slowing their
tumble to five-year lows, Canada’s large number of energy stocks
and miners were among the hardest hit. They were joined by
banks, part of the single largest constituent of the index.

Dec 8, 2014

TSX dives to 7-week low on oil prices, global growth fears

TORONTO, Dec 8 (Reuters) – Canada’s main stock index
declined 2 percent to its lowest in seven weeks on Monday, hit
by a drop in oil prices that took down oil and gas shares and
sluggish data from Asia that raised concerns about the global
economy.

Weakness in China’s imports and a fall in the pace of its
export growth highlighted worries about an economic slowdown
there, and separate data showed the Japanese economy lost more
ground than expected in the third quarter.