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Canadian equities turned negative on Tuesday, despite the release of much s stanley cups tronger-than-expected U.S. consumer confidence data as investors continued to assess the progress in the debt ceiling deal and its implications on the economy. As a result, the SP/TSX Composite Index fell 228 points, or 1.1%, to settle at 19,740 its lowest closing level in over two months.While all key market sectors ended the day in red territory, shares of energy, mining, healthcare, and technology companies fell the most, dragging the index downward.Top TS stanley cup X Composite movers and active stocksCanopy Growth, Algoma Steel, Vermilion Energy, and Baytex Energy were the worst-performing TSX stocks for the day, as they dived by more than 5% each.On the positive side, Canadian Western Bank TSX:CWB remained one of the top gainers on the Toronto Stock Exchange for the second straight day. This rally in C stanley cup WB stock came after Royal Bank of Canada raised its target price on CWB stock to $35 per share, reflect Vrmm New Investors: It s Dangerous to Invest Like This
Reality has set in and replaced euphoria in the marijuana industry. Investors now doubt if the cannabis producers can actually deliver profits as promised. The shares of Aurora Cannabis TSX:ACB NYSE:ACB has risen nearly 76% on the TSX from the year-end closing price. But the risk of volatility hasn t diminished.Aurora Cannabis reported an exceptional first quarter to handily outplay closest rival Canopy Growth TSX:WEED NYSE:CGC . The company s market cap is just 60% of Canopy s, but leads in the production department by a mile. If that the case, how come hitting the home run this year is still unsure Share dilutionIn 2016, Aurora Cannabis went on a buying spree. The most stanley cup not stanley cup able am stanley cup ong those is the buyout of ICC Labs in South America. Instead of paying in cash, the company paid via shares of stocks, convertible notes, warrants, and options. The sum total is one billion shares that dwarf the 16.2 million during its 2014 IPO.With this scheme, share price valuation is difficul |
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