IN CANADA, DOLDRUMS PRESIDE
PHOTO BY SHANNON KUNKLE ON UNSPLASH
The corporate news out of Canada continues to be bleak. Major player Aurora announced a quarterly loss of C$1.3 Billion (US $980M). Barron’s
- Investing site Grizzle is bearish on Aurora.
- Canopy Growth, the world’s largest cannabis company, beat expectations on its revenue and net loss, leading some to suggest a recovery is nigh. CNN
- However, Reuters reports the company may struggle to offload assets.
- A writer says Canada’s market mirrors the worst aspects of the U.S. market. Yahoo Finance
WW Canada has lots more.
