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Sep 25, 2014

Canadian stock market rally seen cooling in 2015: Reuters poll

TORONTO (Reuters) – Canadian stocks are expected to build on gains that already took the broad market to a record high this year, but they may lose momentum in 2015 as weaker commodity prices and a sluggish domestic economy take hold, a Reuters poll found.

Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE will reach 15,500 by the end of the year, up about 14 percent from the end of 2013 and a gain of just around 3 percent from Wednesday’s close, the poll showed.

Sep 25, 2014

Canadian stock market rally seen cooling in 2015

TORONTO (Reuters) – Canadian stocks are expected to build on gains that already took the broad market to a record high this year, but they may lose momentum in 2015 as weaker commodity prices and a sluggish domestic economy take hold, a Reuters poll found.

Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE will reach 15,500 by the end of the year, up about 14 percent from the end of 2013 and a gain of just around 3 percent from Wednesday’s close, the poll showed.

Sep 18, 2014

Activists seen stepping up campaigns in Canadian energy patch

TORONTO, Sept 18 (Reuters) – Shareholder activism is likely
to gather momentum in the Canadian energy industry in the coming
months, sparked by some poor stock performance, the success of
past campaigns and growing support from large institutional
investors.

Money managers, as well as the proxy firms that help
activists and targeted companies navigate these battles, say
that a stronger economy has also given activists the financial
firepower they need to buy the large corporate stakes required
to push for control.

Aug 25, 2014

Canadian marijuana firms OrganiGram, Bedrocan soar on market debut

TORONTO, Aug 25 (Reuters) – Shares of Canadian medical
marijuana producers Bedrocan Cannabis Corp and
OrganiGram Holdings Inc jumped as they began trading on
the TSX Venture exchange on Monday with investors expecting
fast-growing demand in the fledgling industry.

The companies are the first major alternatives to Tweed
Marijuana Inc, which was listed in April. The offerings
mean three of the 13 medical marijuana producers licensed by
regulator Health Canada are now public.

Aug 22, 2014

Canadian medical marijuana company OrganiGram set to go public

TORONTO (Reuters) – Canadian medical marijuana producer OrganiGram Inc is set to go public on Monday, its chief executive said, the second such firm to list on the venture exchange next week, highlighting investor appetite for a high-growth industry.

OrganiGram and Bedrocan Cannabis Corp both plan to list on Aug. 25. The two firms, via reverse takeovers, will join Tweed Marijuana Inc on the TSX Venture Exchange giving investors in public markets three licensed producers to choose from. Tweed went public in April and is valued at C$100.8 million ($92.11 million).

Aug 20, 2014

Canada marijuana grower Bedrocan set to go public Monday-sources

TORONTO, Aug 20 (Reuters) – Canadian medical marijuana
producer Bedrocan Cannabis Corp is set to go public on Monday,
offering investors an alternative to Tweed Marijuana Inc
in the nascent market, according to two sources familiar with
the company’s plans.

The company has received an approval to list, under the
ticker symbol “BED”, on the Toronto Venture Exchange and will do
so in a reverse takeover, the sources said.

Aug 12, 2014

TSX steady as gold miners offset weakness in energy producers

TORONTO, Aug 12 (Reuters) – Canada’s main stock index was
little changed on Tuesday, as advances in gold miners and
financial companies helped offset a decline in energy producers.

Shares of gold producers benefited as the price of bullion
rose after a report showed economic sentiment among analysts and
investors in Germany hit a low point on worries over the impact
of the Ukraine crisis.

Aug 12, 2014

TSX index gains as gold miners, financials jump

TORONTO, Aug 12 (Reuters) – Canada’s main stock index rose
on Tuesday, headed for a third straight winning session, as a
jump in gold-mining shares and gains in financials helped
provide support to a market fixated on geopolitical tensions in
Ukraine and elsewhere.

Shares of gold producers benefited as the bullion price was
up after a report showed economic sentiment among analysts and
investors in Germany hit a low point on concerns about the
impact of the Ukraine crisis.

Aug 6, 2014

Canada’s medical marijuana market heats up as public listings near

TORONTO, Aug 6 (Reuters) – Four Canadian medical marijuana
producers are working on transactions that will allow them to go
public in the next few weeks, according to industry sources and
filings, giving investors fresh paths into a growing industry.

Mettrum Ltd, OrganiGram Inc, Bedrocan Canada Inc and
PharmaCan Capital, a holding company involved with three
licensed producers, will join Tweed Marijuana Inc, now
the only listed producer, on the TSX Venture Exchange (TSX-V).

Jun 25, 2014

Toronto manager Stephenson plans to launch C$40 mln hedge fund

TORONTO, June 25 (Reuters) – John Stephenson, a prominent
Toronto-based money manager, said on Wednesday he plans to
launch his own hedge fund, a vehicle he thinks will be
best-placed to take advantage of potential volatility in stock
markets trading near record highs.

A former executive at First Asset Investment Management,
Stephenson expects his first product to be a C$40 million
($36.86 million) North America-focused fund. He hopes to follow
that up with other offerings and sees the money manager playing
an activist role in corporations over time.