The world’s first actively run marijuana ETF starts trading in Toronto — but will it ‘shoot itself in the foot’?

The strategy allows for active buying, selling and shorting of pot stocks with a focus on growth and relative valuation.Bloomberg As the Canadian cannabis sector heats up, so is a battle between passive and active exchange-traded funds who each claim to have the better strategy for investors looking to make money in the sizzling sector. …

Big banks got it wrong on oil, and are changing their tune

The boost to oil prices from OPEC’s strategy has invigorated U.S. outputAP Photo/Eric Gay Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices. Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of bullish forecasts in the past fortnight. They’ve abandoned their …

Alphabet hit by massive Q4 drop on earnings, from one-time charge

/AP file photo Google parent Alphabet Inc.’s fourth-quarter profit missed analysts’ estimates, hobbled by rising payments to web-search partners, higher marketing expenses and troubles at YouTube that weighed on its advertising business during the holiday quarter. Alphabet reported a hit to earnings related to taxes owed on overseas cash following recent changes to U.S. law. …

Phew, the global stock selloff that saw the Dow shed the most points in a day since the financial crisis is slowing

U.S. stocks regained some ground after an early plunge.Spencer Platt U.S. stocks regained some ground after an early plunge, while European and Asian equities slumped. Treasuries and the dollar stabilized while oil fell and copper rose. The S&P 500 Index and Dow Jones Industrial Average opened lower Monday, each falling more than 1 per cent …

Aecon a ‘stepping stone’ for Beijing: Fears rise as Ottawa decides on $1.5-billion deal

Chinese SOEs often lay the groundwork for the country’s political ambitions, said Derek Scissors, a resident scholar the Washington-based American Enterprise Institute.Andy Wong/AP Photo files OTTAWA — Critics of the pending acquisition of Aecon Group Inc. by a massive Chinese state-owned enterprise are urging the government to look past short-term interests of Canadian investors and …

Swedes inhale Canadian cannabis stocks

A crowded street in Stockholm, SwedenSVEN NACKSTRAND/AFP Sweden is dark, cold and snowy in January, but in the country’s capital, Stockholm, cannabis stocks have been lighting up investors’ trading screens. “Out of nowhere, the interest for Canadian cannabis shares has completely exploded in Sweden,” said Joakim Bornold, a savings adviser at online broker bank Nordnet …