TORONTO - Shares of GMP Capital Inc. soared after the Toronto-based financial services firm agreed to sell the bulk of its capital markets business to Stifel Financial Corp. in a deal worth roughly $70 million.
GMP's shares on the Toronto Stock Exchange surged after the announcement on Monday, closing at $2.29, up more than 13 per cent.
TORONTO - Five things to watch for in the Canadian business world in the coming week:
Word from BoC
RICHMOND, Va. - Virginia Attorney General Mark Herring is calling for the legalization of marijuana.
Herring said Saturday that Virginia should start decriminalizing possession of small amounts of marijuana and eventually legalize the drug.
ASUNCION, Paraguay - A nongovernmental organization in Paraguay is distributing free marijuana seeds so that mothers of chronically ill patients can produce CBD oil at home.
The distribution effort by Mama Cultiva at a public square in Asuncion on Saturday was also intended to pressure the government of President Mario Abdo Benítez to authorize home cultivation of the plant.
OTTAWA - The Canadian government says a limited selection of cannabis-laced food products won't hit retail shelves in the country before mid-December.
NEW YORK - A narcotics agent accused of betraying his badge applied for a job with the U.S. Drug Enforcement Administration, so he and a leader of a murderous drug-trafficking ring would become "unstoppable," prosecutors said in new court filings.