Subversive Capital Advisor launched its sixth exchange-traded fund – Subversive Cannabis ETF - on Tuesday, just as recent U.S. moves to ease curbs sparked a rally in pot stocks. 'We do not believe a Congress this politically divided will meaningfully act on cannabis at the federal level,' said Christian H. Cooper, the fund's portfolio manager, in a note. 'The gains for these thematic ETFs could persist,' said Todd Rosenbluth, head of research at VettaFi.
Billionaire super-investor Warren Buffett has shared plenty of financial wisdom over his almost 70-year career. On the subject of retirement, he famously said, "If you don't find a way to make money...Stella-Jones has delivered outsized gains to investors in the past decade. But the TSX stock continues to trade at a massive discount. The post 1 Undervalued TSX Gem That Can Surge 25% According to Bay Street appeared first on The Motley Fool Canada.
MONTREAL — BMO Financial Group plans to close its indirect retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes. The decision will also trigger an unspecified number of layoffs in Canada and the U.S., the Bank of Montreal said. It comes after the company's bad debt provisions more than tripled to $492 million in the quarter ended July 31 compared to a year earlier.
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