Take stock – April 3

The market for initial public offerings was dormant on the Toronto Stock Exchange in the first quarter of 2009, with zero new listings for the third quarter in a row.,It’s not unusual for IPO activity to be minimal in the January-March quarter,

Zero initial public offerings on market in first quarter

The market for initial public offerings was dormant on the Toronto Stock Exchange in the first quarter of 2009, with zero new listings for the third quarter in a row.,It’s not unusual for IPO activity to be minimal in the January-March quarter, PricewaterhouseCoopers said in its quarterly survey. Only three new issues made it to the TSX in the first quarter of 2008 for a total value of $113 million and only five IPOs in the first three months of 2007 with a value of $191 million. But PricewaterhouseCoopers says the nine consecutive months without an IPO on Canada’s main stock market reflects a wariness among investors.

Western Financial announces $30 million in Debenture financing

Western Financial Group Inc. (TSX:WES), an Alberta based insurer and bank, says it has hired a syndicate of agents to seek a private placement of up to $30 million of convertible unsecured subordinated debentures. The money raised from the financing will be used to increase ownership of certain strategic investments and for general corporate purposes, the company said Thursday. Western Financial shares were halted on the TSX pending news. The debentures are unsecured and pay an annual interest of 12 per cent and will mature June 30, 2014. They can be converted into common shares of Western Financial at $3 each. It is expected to close April 21.

Suncor, Petro-Can postpone AGMs

Suncor Energy Inc. (TSX:SU) and Petro-Canada (TSX:PCA) are postponing their annual general meetings to early June because of their plan to merge. Both companies said Thursday they will hold their meetings on June 4 in Calgary, when shareholders will also vote on the $19-billion combination.

Just Posted

Cannabis legalization won’t impact one Red Deer pot dispensary

Nothing changes for Compass Cannabis Clinic in Red Deer despite legalization

Cannabis retail store will open later in October in Red Deer

Two cannabis stores coming to downtown Red Deer

Neighbours drop opposition to Red Deer County communications tower

Communication tower to be located in Balmoral Heights

Legal cannabis comes with many unknowns: Red Deer County councillors

Councillors question how rural municipalities will be able to enforce cannabis regulations

Kitten season puts pressure on Red Deer shelter

More public education needed to control cat population

Video: Windows smashed at three Red Deer businesses

Red Deer RCMP arrest man after vandalism spree

‘Start low, go slow’: Experts walk bud beginners through cannabis 101

With the countdown to cannabis legalization Wednesday ticking towards 4-20, some novice… Continue reading

NHL stays with status quo as Canada pot legalization looms

As Riley Cote took and delivered countless punches over more than a… Continue reading

Paul Stanley: Kiss farewell tour could include ex-members

ATLANTIC CITY, N.J. — It won’t be all night, but former members… Continue reading

Judge tosses Stormy Daniels’ defamation suit against Trump

WASHINGTON — A federal judge dismissed Stormy Daniels’ defamation lawsuit against President… Continue reading

Canada open to growing trade with China now that USMCA is a done deal: PM

TORONTO — Canada is open to doing more business with China now… Continue reading

Pot shop raids “highly unlikely” on Wednesday: head of police chiefs

VANCOUVER — Police departments across Canada are fully prepared for marijuana legalization… Continue reading

Campers will be able to smoke cannabis at campsites in Canada’s national parks

Parks Canada says visitors should do their research on cannabis before going… Continue reading

U.S. pot firms urge Trump to deny Canadian producers’ ‘competitive advantage’

WASHINGTON — An American cannabis producer is warning President Donald Trump that… Continue reading

Most Read