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Oct 10, 2014

U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms

LOUIS, Oct 10 (Reuters) – U.S. investors in
Canada’s medical marijuana industry are betting they won’t fall
under the scrutiny of U.S. law enforcement officers – but it’s a
risky bet.

With marijuana still illegal on a federal level in the
United States, American investors in Canadian medical marijuana
can be seen as violating the Controlled Substances Act,
according to some U.S experts. And the use of the banking system
to transfer the proceeds of such investments could be seen as
money laundering.

Oct 7, 2014

U.S. billionaire Wilbur Ross eyeing Canadian, U.S. energy sectors

TORONTO (Reuters) – U.S. billionaire investor Wilbur Ross is looking at investing in the Canadian and U.S. energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June.

Ross, who made his name by snapping up out-of-favor assets ranging from banks to textile firms, told Reuters he is in the early stages of assessing companies in the oil, natural gas and rail transportation sectors.

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.