The Loonie and bank stocks extended gains after Bank of Canada Governor Stephen Poloz told CNBC that low interest rates have “done their job.” Ratings agency DBRS late Friday downgraded Cenovus Energy (CVE), saying the oil company's acquisition of ConocoPhillips (COP) assets in March negatively affects its credit and more than outweighs the benefits of the deal. Alimentation Couche-Tard (ATD.B) has won U.S. antitrust approval to buy rival CST Brands (CST) on condition that it sell up to 71 stores in eight states Canopy Growth (WEED) reported Q4 and full-year financial results that were below forecasts. Cannabis sales in Q4 totalled 1,740 kg and were shy of estimates of 2,000 kg, although the average sales price trended positively to $8.03 per gram, a 9% increase YoY increase. Here are five stories we found interesting this week:
- Outsized FAANG performance contribution is nothing new.
- How blockchain will affect the financial industry (and who's next after that).
- Underweight emerging markets? Now may a good time to look at a rebalance.
- Another reason to consider a global asset allocation.
- A good company overview of slumping heavy-weight TSX sectors: financials and energy.
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