Organigram (TSXV:OGI) has entered into a binding letter of intent with Trauma Healing Centers!
Organigram (TSXV:OGI) Has continued to show its innovation in the marketplace with its latest expansion.
Today, November 11th, Organigram entered into a binding LOI with Trauma Healing Centers. By June 2015 Organigram will cater to 13 new locations, including Edmonton, Ottawa, Quebec and Halifax. Medical marijuana has long been known to aid PTSD users, and this is a major step in bringing it to the public. This collaboration will bring about new research into PTSD and the use of marijuana as treatment. Organigram’s dedication the highest level of quality can easily be seen in its recent internationally recognized organic certifcation.
The current medical marijuana space has seen many turns. The recent changes in Oregon, Alaska and DC joining the legalized world of marijuana shows how new this industry is, and how quickly things are changing. We are only at the beginning of this North American emerging market! With over 1000 applications to Health Canada for licenses, Organigram’s early acceptance will allow them a strong foothold on the growing marketplace.
- Published in Blog
Lakeland finishes sampling, mapping program at Star
LAKELAND RESOURCES INC. PROVIDES UPDATE ON 2014 EXPLORATION
Lakeland Resources Inc. is providing an update on recent and planned work at its 100-per-cent-owned Athabasca basin uranium properties.
Highlights
- Star uranium property: completion of follow-up mapping and prospecting at the Star uranium property. This work was completed in order to define the deposit model and the source of the gold, Platinum group element (PGE) and rare earth element (REE) mineralization observed during the fall of 2013;
- Lazy Edward Bay property: exploration permits have been received for the proposed summer work program and crews will begin mobilization to the property as soon as possible. The BAY trend will be the focus of exploration;
- Fond Du Lac property: exploration permits have been received for the proposed summer work program and crews will begin mobilization to the property as soon as possible. The Fond du Lac property is targeting a coincident geochemical and conductive target at the margin of the Athabasca basin.
Star uranium property
Crews from Dahrouge Geological Consulting Ltd. recently completed a six-day sampling and mapping campaign at the Star uranium property. A total of 73 rock samples and 124 soil samples were collected from in and around the uplifted basement block at the northeastern portion of the property, immediately north of the margin of the Athabasca basin. This work was completed in order to define the deposit model and the source of the gold, platinum group element and rare earth element results obtained in the fall of 2013. The 2013 sampling explored a small portion of the uplifted basement outcrop on the Star property. Anomalous concentrations of gold (up to 5.7 grams per tonne gold), platinum group elements (0.75 g/t PGE), rare earth elements (up to 6.9 per cent total rare earth oxides (TREO)) and highly anomalous uranium suggest the presence of a robust hydrothermal system.
Lazy Edward Bay property
Exploration permits have been received for the proposed summer work program, and mobilization to the property will begin as soon as possible. The BAY trend will be tested with a RadonEX survey. This and other targets will be prospected in order to locate boulders or other surface expressions of shallow unconformity-style uranium mineralization.
The BAY trend consists of two parallel conductive trends at the southern margin of the Athabasca basin. The BAY trend is highlighted by historic exploration of Uranerz in 1982, where drill hole LE-50 intersected the basement rocks about one kilometre south of the Athabasca sandstones. Moderately chloritized, sericitized and weakly hematized migmatitic, graphitic pelite returned an assay value of 770 parts per million uranium along with anomalous boron, nickel, pathfinder metals (Sask AR: 74G07-0042).
Fond Du Lac property
Exploration permits have been received for the proposed summer work program, and crews will begin mobilization to the property as soon as possible. The Fond du Lac property is targeting a coincident geochemical and conductive target at the margin of the Athabasca basin.
National Instrument 43-101 disclosure
The technical information above has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Neil McCallum, PGeo, of Dahrouge Geological Consulting Ltd., a qualified person.
- Published in Mining
CANNABIS TECHNOLOGIES ANNOUNCES SECOND THERAPY — CTI-091
CANNABIS TECHNOLOGIES ANNOUNCES SECOND THERAPY — CTI-091
Cannabis Technologies Inc. has developed a therapy containing a proprietary mixture of cannabinoids and non-cannabis-based active ingredients, CTI-091, for the relief of joint pain and swelling associated with arthritis and joint disease. Preliminary laboratory studies showed CTI-091 suppresses the human macrophage interleukin-6, a major biomarker of inflammation, indicating strong scientific evidence that cannabis extracts reverse the disease progression.
CTI-091 is designed to enhance retention and absorption of the key ingredients around the target site and designed for the relief of joint pain and swelling.
Currently the formulation is in preclinical stage of development. The company is also working to improve the delivery system to increase efficacy. It is expecting to go to initiate clinical phase 1 trials upon completion of these steps.
Craig Schneider, Cannabis Technologies president and chief executive officer, said: “We are extremely pleased to announce a second therapy in our expanding product pipeline. The pain and arthritis therapy takes our company to the next stage of development, reinforcing the proof of concept of our cannabinoid drug design platform. This platform is designed to effectively identify and fast-track new drug therapies. The company plans to have numerous therapies over the next 12 months within the product pipeline focusing on other areas like metabolic diseases (obesity and diabetes), orphan diseases (Huntington’s and epilepsy) as well as cancer and angiogenesis.”
Pain and arthritis market
More than 46 million Americans have arthritis or a related disease, and some experts estimate the global market for arthritis drugs brings as much as $35-billion a year in profits. The many different types of drugs used to treat arthritis and its accompanying pain include over-the-counter and prescription-only drugs, with delivery methods of injections, infusions, patches and topical agents.
We seek Safe Harbor.
- Published in Blog
Canada Stocks Rise to Record as Commodities Rally on China Data
Canadian stocks rose to a record, after falling to a two-week low yesterday, as the central bank kept interest rates steady and commodities advanced the most in a month on faster-than-forecast growth in China.
Barrick Gold Corp. (ABX) gained 2.9 percent after announcing executive changes less than three months after a breakdown in merger talks with its largest rival. Precision Drilling Corp. jumped 4.5 percent after agreeing to a strategic technology and service agreement with Schlumberger Ltd. BlackBerry Ltd. sank 12 percent after Apple Inc. and International Business Machines Corp. agreed to a partnership to reach more businesses.
The Standard & Poor’s/TSX Composite Index (SPTSX) rose 145.02 points, or 1 percent, to 15,226.34 at 4 p.m. in Toronto, jumping the most since April to top a record set July 9. The benchmark Canadian equity gauge has gained 12 percent this year, the third-best performer among the world’s developed markets.
Bank of Canada policy makers kept their benchmark rate on overnight loans between commercial banks at 1 percent, where it’s been for almost four years, and said faster inflation has been caused by one-time gains in energy and import prices, not changes in economic fundamentals.
Canadian factory sales jumped 1.6 percent in May, to C$51.6 billion ($48 billion), after a revised 0.2 percent decline in April, Statistics Canada said today in Ottawa.
Nine of 10 industries advanced on trading volume in line with the 30-day average. Raw-materials stocks jumped 1.3 percent as a group and the S&P/TSX Energy Index rallied 1.4 percent to pace gains in the benchmark equity gauge.
Commodities Rally
The S&P GSCI Index (SPGSCI), which tracks a basket of commodities prices, increased 0.4 percent, the most since June 19. Economic growth beat estimates in China. Gross domestic product rose 7.5 percent in the second quarter in China, the world’s biggest consumer of energy and raw materials, data showed.
Barrick Gold rose 2.9 percent to C$20.28. Chief Executive Officer Jamie Sokalsky said he will be stepping down two years into the job. Kelvin Dushnisky and Jim Gowans will be appointed co-presidents, the company said in a release.
BlackBerry plunged 12 percent to C$10.72, the most since November, after longtime rivals Apple and IBM agreed to a deal yesterday in which IBM will push iPhones and iPads in exchange for a chance to sell software and services to more companies. A key component of BlackBerry’s turnaround strategy has been to target that same business services market.
To contact the reporter on this story: Eric Lam in Toronto at elam87@bloomberg.net
- Published in Business
Are You Ready For Doubles And Triples in Uranium Mining Stocks?
Are you brave enough to buy straw hats in winter? From uranium to oil services to lithium, savvy investors can find innovative ways to make money based on fundamental supply and demand rather than emotion and fashion. In this interview with The Energy Report, Gold Stock Trades editor Jeb Handwerger outlines the trends that will shape the future of energy commodity investing, and names some of the best examples of shabby chic stocks worth more than their current price tags.
The Energy Report: Jeb, in past interviews you have talked about the boost that the end of the Russian nuclear material purchase agreement would have on uranium prices. But lately, the price has dropped. What is causing the most recent decline?
Jeb Handwerger: The end of the Russian highly-enriched uranium (HEU) agreement did, indeed, kick off a strong Q1/14 for uranium prices. Many juniors had phenomenal returns. Some doubled, some tripled during those months. But since March, we’ve hit new lows in the uranium price, and many of the gains made in the Q1/14 rally have been given back. Some prices have even hit below the 2013 lows.
The uranium spot price has been in a seven-year downtrend. When you get to a bottom, you sometimes have false starts, and you bounce along. That’s exactly what we’re dealing with in 2014. Market sentiment is still extremely negative, but the smart, long-term investors who look at the supply/demand fundamentals over a three- to seven-year horizon have a different perspective than short-term traders looking for a quick turnaround profit. We think this is an excellent time for fundamental investors to get into the space. The longer the base, the more time investors have to acquire positions in the high-quality junior uranium miners that are literally trading for pennies.
The real concern is Japan. Many expected Japan to restart nuclear reactors faster than it has. Even though Japan has released an energy plan with nuclear as a major cornerstone, it takes time for nuclear reactors to restart. That leaves Japan, its businesses and its citizens paying ridiculously high electricity costs for imported natural gas.
TER: Have you seen any signs that Germany might restart production?
JH: The key is the battle of wills going on in Eastern Europe right now. When German Chancellor Angela Merkel had a knee-jerk reaction after the Fukushima reactor disaster, deciding to rely on renewables rather than nuclear energy, what she really did was make the large German economy dependent on nuclear power from France and natural gas from Russia, through Ukraine. The result is skyrocketing electricity costs and increased political risk.
Now we have had the wake-up call I have been warning about from Russia. President Vladimir Putin has Western Europe in a very vulnerable situation if he decides to turn off the taps. This may force a change in sentiment in Germany, which may want to rethink nuclear. It’s becoming a real energy security crisis there.
TER: In a past interview with The Mining Report, you said that China is on a commodity buying spree. Can China’s nuclear construction pull the uranium sector up without Japan and Germany?
JH: Over the long term, yes. Currently, China uses only a fraction of what the developed countries in Europe and the U.S. use. That’s going to change over the next generation. The Chinese can no longer rely on dirty coal. Coal has created environmental havoc in major cities, where it is becoming difficult to breathe.
The real concern is Japan. Many expected Japan to restart nuclear reactors faster than it has. Even though Japan has released an energy plan with nuclear as a major cornerstone, it takes time for nuclear reactors to restart. That leaves Japan, its businesses and its citizens paying ridiculously high electricity costs for imported natural gas.
TER: Have you seen any signs that Germany might restart production?
JH: The key is the battle of wills going on in Eastern Europe right now. When German Chancellor Angela Merkel had a knee-jerk reaction after the Fukushima reactor disaster, deciding to rely on renewables rather than nuclear energy, what she really did was make the large German economy dependent on nuclear power from France and natural gas from Russia, through Ukraine. The result is skyrocketing electricity costs and increased political risk.
Now we have had the wake-up call I have been warning about from Russia. President Vladimir Putin has Western Europe in a very vulnerable situation if he decides to turn off the taps. This may force a change in sentiment in Germany, which may want to rethink nuclear. It’s becoming a real energy security crisis there.
TER: In a past interview with The Mining Report, you said that China is on a commodity buying spree. Can China’s nuclear construction pull the uranium sector up without Japan and Germany?
JH: Over the long term, yes. Currently, China uses only a fraction of what the developed countries in Europe and the U.S. use. That’s going to change over the next generation. The Chinese can no longer rely on dirty coal. Coal has created environmental havoc in major cities, where it is becoming difficult to breathe
Nuclear is going to be extremely important for the Chinese over the next generation. That is where the major growth is going to be. China National Nuclear Power Co. recently announced plans to raise up to 16.25 billion yuan ($2.6 billion) in an initial public offering to fund nuclear-power projects. That’s significant news. It tells me the Chinese are willing to invest because they realize the critical nature of clean energy, of being able to provide enough energy without compromising air quality. Long-term contrarian uranium investors still see nuclear as the key clean baseload power source because renewables are not able to make that gap.
A recent documentary called “Pandora’s Promise” showed former anti-nuclear environmentalists speaking out for atomic energy because they have realized it is the only practical way to reduce fossil fuel consumption and, thus, carbon emissions. Remember, nuclear reactors today do not use the same technology as 20, 30 or 40 years ago. New nuclear will utilize small, modular reactors that are safer, more efficient and more adaptable than massive, expensive, meganuclear plants.
TER: Is the U.S. getting serious about the need for domestic sources for the uranium to feed these modular reactors?
JH: Yes. The U.S. is the largest consumer of nuclear power. It uses about 55 million pounds (55 Mlb) of uranium per year, but only about 4 Mlb are produced domestically. That has to change. It will change over the next generation, because we can’t rely on the cheap, secondary supplies that Russia gave us for close to 20 years.
Now that that cheap resource is not available, the U.S. will have to turn to domestic uranium producers, such as Cameco Corp. (CNYSE:CCJ), operating in the Powder River basin in Wyoming. For the first time in over 30 years, new nuclear reactors are being built in the U.S. Many of the older reactors will have to be replaced with newer reactors. There is going to be a need for new domestic uranium producers that can produce at a low cost.
The companies outperforming in the uranium mining space that have not hit new lows have been the lower-cost producers, the in situ miners in the U.S., such as Ur-Energy Inc. (AMEX:URG) and Uranerz Energy Corp. (AMEX:URZ). The explorers and the current higher-cost producers have been hit hard because the uranium spot has come back down.
Uranerz already has secured long-term offtake arrangements with some of the largest U.S. utilities. It is just coming into production, and is planning a third production center that will add more feed to the Nichols Ranch project. Management was smart enough to secure a long-term offtake arrangement with utilities at much higher prices.
Many of the uranium producers selling into the spot price will be under price pressure. However, new producers with attractive long-term agreements have time. The short term looks ugly, but the long term looks exceptionally exciting. This appears to be the time for contrarian value investors to continue to accumulate. It’s why we’re seeing big money, such as Uranium Participation Corp. (U:TSX), raising $58 million ($58M) to buy spot uranium. When Uranium Participation Corp. and other investors in the uranium sector begin buying again, we could once again see uranium miner stock prices double and triple, even if the uranium spot price moves just a few dollars.
TER: Uranerz actually started the year off pretty strong. Does it still have catalysts lined up for the rest of this year?
JH: The company announced in the middle of June that it sent its first resin shipment to Cameco’s Smith Ranch facility for final processing into uranium concentrate. This is very significant. The next step is making its first delivery of uranium to the conversion facility, where the customers will take ownership of the product. Uranerz stock hit a low in 2013 at around $0.85/share. It is trading currently around $1.50/share, from a high of about $1.90/share. In a space where many companies have come back to their lows, Uranerz is maintaining its uptrend, because it is one of the few uranium miners actually performing.
TER: Rick Rule has called uranium the most hated commodity, and one of the best buying opportunities. What do you tell people who are looking for the courage to be contrarian when everyone else is running the other way?
JH: Right now, being a uranium investor is extremely difficult. The spot price continues to hit lows. No one wants to touch it. There’s an old saying that to be rich in the market you have to buy straw hats in the winter and winter coats in the summer. There’s no doubt about it, the spot price has taken a nasty tumble. But this may be the shakeout that allows long-term value investors to accumulate uranium miners at exceptionally low prices. There is major capital on the sidelines. There is going to be a supply shortfall, and the uranium price is going to rally. But it takes patience and courage to look at a sector when no one else is willing to pay attention to it.
What we saw earlier this year, when some uranium miners doubled and tripled, is just the beginning. There are going to be false starts as we come off the bottom and bounce along. This is where the timid give up. Every time the price bounces and drops back, investors lose hope and get discouraged. The real winners in this game are the investors who are able to withstand the volatility.
We’re just beginning to see base metals and commodities turning the corner from the financial crisis of 2008. The overall economy is just beginning to show signs of improvement. That’s going to be good for energy and commodities. Sometimes, you have to look for the commodities that have been beaten down and are trading at decade lows, but are growing increasingly in demand. There is no doubt that uranium fits that bill.
TER: One thing people do seem to be excited about is oil and gas, particularly fracking. We recently ran an interview with T. Boone Pickens where he talked about leveraging the oil and gas renaissance for profit and national security. What is your favorite way to get exposure to the shale plays?
JH: Oil is beginning to break out. We saw it break out higher, above $105/ barrel ($105/bbl). It may eventually make a major breakout past $110/bbl. Geopolitical tensions in Iraq could send oil prices skyrocketing. That’s why we’ve seen this huge boom in shale in North America, including, most recently, in western Canada, where numerous liquefied natural gas (LNG) projects and pipelines are being planned.
Big money is coming into the energy space, because these pipelines and terminals will be able to supply Asia with cheaper oil and gas. Asian countries currently pay quadruple what North Americans pay. These infrastructure projects, such as pipelines and LNG terminals, are just beginning to be built, and western Canada could be a key area of great growth.
One of our favorite companies that could benefit from this trend is Enterprise Group Inc. (TO:E), which is a one-stop shop for the major oil exploration and production companies. It has contracts with some of the big boys, including Royal Dutch Shell Plc (NYSE:RDSa) and Encana Corp. (NYSE:ECA), and it is getting major capital. Enterprise was able to raise $27M to invest in the sector. Big money is interested in the oil and gas services business. Enterprise has an attractive balance sheet and the ability to grow. The company announced Q1/14 revenue of $21M, more than double last year’s $9M. Enterprise also recently announced its largest contract ever: $19M with Canada’s largest natural gas producer. A small-cap oil field service company with a market cap below $150M and contracts with large players planning to spend billions of dollars on drilling over the next decade is really a unique situation.
TER: Are oil services a less risky way to invest in the sector?
JH: Yes, because these companies have contracts with some of the largest companies with long-term exploration plans. The opportunity really is in the infrastructure. One of the least risky ways to make money is providing the services to the explorers and the producers. That’s what Enterprise is doing.
TER: The other thing that investors seem to be excited about is the prospect of a gigafactory for battery development. What is the best way to get exposure to the battery market? Graphite? Lithium?
JH: I have long been excited about the potential growth in the battery market for electric vehicles, grid storage and mobile electronics. Mobile phones, smartphones and laptop computers are a part of everyday life. The same is true with electric vehicles. Tesla Motors Inc. (NASDAQ:TSLA) is a huge market cap company with some very significant plans, including construction of the biggest lithium-ion (Li-ion) battery plant right here in the U.S.
Demand in the Li-ion battery market is set to grow rapidly over the next seven years. This could be a game-changer for some North American lithium and graphite miners. Battery manufacturing could be a major area of economic growth for the U.S., especially the southwestern U.S., over the coming decades. This could have the same impact as the internal combustion engine, revolutionizing transportation. President Barack Obama is pushing to reduce carbon emissions. Tesla may be in the market for lithium and graphite deposits in North America that could supply its manufacturing plants. Most of current lithium supply either comes from Chile, Argentina or Australia. A North American lithium asset could be very profitable.
TER: What are some possible companies that fit that description?
JH: One that we’ve followed for years is Western Lithium USA Corp. (TO:WLC). The company’s location in Nevada, with one of the most advanced lithium deposits, is very compelling for battery makers. In addition, Western Lithium is going to be in production shortly, producing hectorite clays used in the fracking industry for deep directional drilling. It is fully permitted for its Hectatone organoclay business, and has raised over $9M. The Hectatone business is looking good for startup in the fall; plans should be complete in the summer. The lithium demonstration plant is scheduled for launch in Germany at the end of 2014. Western Lithium has two tracks—the Hectatone business for the oil and gas industry, and lithium for Tesla. Both tracks are moving forward, and in exciting areas.
TER: It looks like the market has recognized that. The stock price had a nice little spike earlier this year.
JH: I think it’s just the beginning.
TER: Any final words of wisdom for our readers?
JH: There are still opportunities in the energy market. It’s important to focus on the market cycles, and not follow what everyone else does. People think markets go up forever, but bear markets occur and, overnight, can wipe out investment gains that took months or even years to build. In the same way, bear markets can go down for a while but, all of a sudden, things could change. It is important to understand the cyclical nature of the commodity markets, and to be able to accumulate when no one else is buying and sell when people are willing to buy at ridiculous valuations. This is part of mastering your emotions. You have to continue looking at companies with strong fundamentals.
Jeb Handwerger is an author, speaker and founder of Gold Stock Trades. He studied engineering and mathematics at University of Buffalo and earned a master’s degree at Nova Southeastern University. After teaching technical analysis to professionals in South Florida for over seven years, Handwerger began a daily newsletter, which grew to include thousands of readers from over 40 nations.
DISCLOSURE:
1) JT Long conducted this interview for Streetwise Reports LLC, publisher of The Gold Report, The Energy Report, The Life Sciences Report and The Mining Report, and provides services to Streetwise Reports as an employee. She owns, or her family owns, shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of Streetwise Reports: Enterprise Group Inc., Uranerz Energy Corp., Royal Dutch Shell plc. Streetwise Reports does not accept stock in exchange for its services.
3) Jeb Handwerger: I own, or my family owns, shares of the following companies mentioned in this interview: Uranerz Energy Corp., Enterprise Group Inc., Ur-Energy Inc., Western Lithium USA Corp. I personally am, or my family is, paid by the following companies mentioned in this interview: None. My company has a financial relationship with the following companies mentioned in this interview: Uranerz Energy Corp., Enterprise Group Inc., Western Lithium USA Corp. I was not paid by Streetwise Reports for participating in this interview. Comments and opinions expressed are my own comments and opinions. I had the opportunity to review the interview for accuracy as of the date of the interview and am responsible for the content of the interview.
4) Interviews are edited for clarity. Streetwise Reports does not make editorial comments or change experts’ statements without their consent.
5) The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer.
6) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview until after it publishes.
- Published in Mining
Canadian stock market plunges over telecom selloff
TORONTO, July 7 (Xinhua) — Canada’s main stock market Monday tumbled over telecom shares selloff, after the federal government announced that it plans to offer more market access for new wireless entrants.
Toronto Stock Exchange’s benchmark S&P/TSX Composite Index lost 42.03 points, or 0.28 percent to 15,172.93 points, as the losses in telecom and energy sectors overpowered the gains driven by the mining sectors.
The mining sector rose 1.61 percent after First Quantum Minerals Ltd. surged 3.63 percent to 25.95 Canadian dollars (about 24.30 U.S. dollars) and the Info-tech sector gained 0.80 percent with Canada’s smartphone BlackBerry jumping 5.63 percent to 12.01 Canadian dollars. However, the market was weighed when telecom closed down 0.99 percent, leading the losers after Canada’s Industry Minister James Moore announced on Monday that the government is to release more valuable spectrum to strengthen competition in Canada’s wireless industry, and the government will again tailor the next auction of the AWS-3 wireless spectrum, which is ideal for delivering fast, reliable service to Canadians on the latest smartphones, tablets and mobile devices.
The shares of major communication giants lost ground over the announcement. Rogers Communications Inc. declined 1.53 percent to 42.36 Canadian dollars, Telus dived 1.63 percent to 39.28 Canadian dollars, and Manitoba Telecom Services Inc. was also down 0.32 percent to 30.80 Canadian dollars.
The energy sector decreased 0.92 percent as the global crude oil price went down. Encana Corp. vapored 2.5 percent to 23.8 Canadian dollars and Surge Energy Inc. dived 2.92 percent to 7.64 Canadian dollars per share.
Another loser, Industrials, fell 0.76 percent with Air Canada down 1.99 percent to 9.85 Canadian dollars.
The real estate stock Canadian Apartment Properties increased 1. 06 percent to 22.90 Canadian dollars apiece as Statistics Canada Monday released the data showing that Canada’s municipalities issued building permits worth 6.9 billion Canadian dollars in May, up 13.8 percent from April.
On the currency front, the Canadian dollar Monday closed lower to 0.9366 U.S. dollar from 0.9384 U.S. dollar on last Friday.
- Published in Blog