Canada Stocks Fall As Oil Shares Slide Amid U.s. Shutdown

payrolls report said employment rose a less-than-forecast 166,000 in September, following a revised 159,000 gain in August that was also smaller than estimated, ADP Research Institute said. BlackBerry rose 1 percent to C$8.27 after an earlier loss of as much as 5.4 percent. The Wall Street Journal reported that the company has drawn the interest of Cerberus, a private-equity firm that specializes in distressed assets. Fairfax Financial Holdings Ltd., the largest shareholder of BlackBerry, (BB) announced Sept. 23 it was leading a group of investors planning a buyout of the money-losing smartphone maker. Restructuring Costs BlackBerry tumbled earlier today after saying it will record costs of about $400 million, four times the amount it originally projected, as it reduces staff by 40 percent and sells off equipment and real estate. Barrick Gold Corp. climbed 2.3 percent to C$19.02 and Semafo increased 6.7 percent to C$2.40 as gold rebounded from an eight-week low. Gold futures for December delivery rose 2.7 percent to $1,320.70 an ounce in New York , the most in almost two weeks. Canadian Natural Resources declined 1.7 percent to C$32.25 and Cenovus Energy Inc. slipped 1.6 percent to C$30.31 as energy stocks dropped 0.5 percent as a group. U.S. crude production climbed last week, the Energy Information Administration said. Output rose to 7.8 million barrels a day in the week ended Sept.

BlackRock Canada Announces Certain Changes to XHY

The new investment strategy of XHY is to invest primarily in a regularly rebalanced portfolio of U.S. dollar-denominated high yield corporate bonds, selected by BlackRock Canada from time to time, that in aggregate closely match the characteristics of the Markit iBoxx USD Liquid High Yield Total Return Index hedged in CAD (the “XHY Index”), and hedge any resulting U.S. dollar currency exposure back to Canadian dollars. dollar-denominated high yield corporate bonds included in the XHY Index. The investment objective of XHY and the XHY Index have remained unchanged. As a result of the new investment strategy, the potential expiration of U.S. tax rules exempting qualified interest income from U.S. withholding tax no longer affects XHY, as interest income arising from direct investments in U.S. fixed income securities is generally not subject to U.S. withholding taxes. About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2013, BlackRock’s AUM was US$3.857 trillion.

Canada’s Medical Marijuana System Overhaul Starts Tuesday

Once the system is up and running, the price of the ganja could fall to as low as $3 per gram , said senior Health Canada official Sophie Galarneau, according to The Canadian Press. But the weed will start at $7.60 a gram, the news agency notes, which is more expensive than the $5 per gram it currently sells for. Advanced technology will likely provide prospective pot buyers with several options under the new system. Saskatoon-based Prairie Plant Systems , which won the first contracts to mass produce medical marijuana in Canada, will reportedly grow weed with three different levels of THC so customers can choose what strength they prefer, depending on their ailment. (Prairie Plant also sold medicinal weed under Canada’s old system.) Loading Slideshow Rob Ford Toronto Mayor Rob Ford says he has had his fair share of marijuana. “Oh, yeah. I’ve smoked a lot of it.” Justin Trudeau The federal Liberal leader opened up to HuffPost about his experience with marijuana in August. “Sometimes, I guess, I have gotten a buzz, but other times no. Im not really crazy about it. Tom Mulcair The Opposition leader’s office told HuffPost this summer that Mulcair has smoked in the past but not since he was elected to office. Mulcair was elected to the National Assembly of Quebec in 1994. Jim Flaherty Said the Tory finance minister: “Yeah, in my teenage years… a couple of times, I have to admit: I didnt like it.” Marc Garneau The Liberal MP and Canada’s first astronaut said he tried marijuana as a student in the 1970s in England.

© 2016