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Buffett’s Suncor bet to revive investor interest in Canadian energy

“Some investors are betting that a change in government in Alberta after a spring election could benefit the oil industry” reports businessinsider.com. FILE PHOTO: A Suncor refinery is seen in Sherwood Park Thomson Reuters By John Tilak and Fergal Smith TORONTO (Reuters) – Berkshire Hathaway Inc’s re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.While a bet on Suncor is not seen as a play on the entire industry, major Berkshire…

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Major Canadian Exchange Coinsquare Acquires Zero-Fee Payment Network StellarX

“Major Canadian crypto exchange Coinsquare has acquired StellarX, a Stellar (XLM)-based zero-fee decentralized payment network, according to a press release published on Feb. 14” writes Helen Partz for cointelegraph.com. The new acquisition has followed Coinsquare’s recent purchase of private Stellar wallet BlockEQ in December 2018, the press release notes. Source: cointelegraph.com

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Crypto News 

Canadian Judge Delays Decision on Legal Representation for QuadrigaCX Clients

“A Canadian judge has delayed a decision on legal representation for customers of major Canadian cryptocurrency exchange QuadrigaCX. The news was tweeted by Canadian Broadcasting Corporation reporter Jack Julian on” writes Ana Alexandre for cointelegraph.com. Justice Michael Wood reportedly said that he would issue a written decision in the case within a week. Source: cointelegraph.com

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Beer giant Molson Coors slides after missing on sales and saying it made accounting errors

“Molson Coors, one of the world’s largest beer makers, dropped 4.98% to $67.80 apiece on Tuesday after the company posted lower-than-expected sales in the fourth quarter and said it made accounting errors in its financial statements for fiscal 2016 and 2017” writes Ethel Jiang for businessinsider.com. The company reported $0.84 in adjusted earnings per share, topping the Wall Street consensus of $0.80, according to Bloomberg data.Meanwhile, Molson Coors said it would restate its previous two annual financial reports after its audit committee identified some accounting errors related to the deferred…

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News Stocks 

Aurora exports first cannabis to U.K., gears up to release earnings after the bell

“Ahead of its quarterly earnings, Aurora Cannabis Inc. said Monday that it had exported its first batch of cannabis oil to the United Kingdom” writes Tech Reporter for marketwatch.com. Read now: Cannabis earnings: Pot stocks’ downturn may drown Aurora and others in red ink Related: How marijuana companies can profit without selling pot Pot stocks were largely lower Monday. Source: marketwatch.com

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Loonie may not love Canadian wages – jobs report preview

“Annual Canadian wage growth accelerated early in the year and hit a high of 3.93% in May” writes Yohay’s Google Profile for forexcrunch.com. Canada’s jobs report has the full stage to itself.Canada releases the jobs report for January on Friday, February 8th, at 13:30 GMT. Back in December, the nation reported an increase of 9.3K positions.However, markets and policymakers would like to see an acceleration in wage growth. Source: forexcrunch.com

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Crypto News 

CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death

“Gerald Cotten, the recently deceased CEO of major Canadian crypto exchange QuadrigaCX, had filed a will 12 days before his death, Bloomberg writes Tuesday, Feb. 5” writes Ana Berman for cointelegraph.com. Canadian crypto exchange QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018.Cotten’s death sparked controversy in the crypto community, with some customers claiming he faked his death to steal their assets.As Cointelegraph reported earlier, a court-ordered lawyer will receive the encrypted laptop — which allegedly contains the crypto…

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Canadian regulator approves change of control of Omega Securities

“Omega Securities Inc. (OSI), operates two lit marketplaces: Omega ATS and Lynx ATS. These two marketplaces offer a venue for the facilitation of trading in Canadian listed securities, such as equities and listed fixed income” reports financefeeds.com. Omega’s marketplaces account for more than five percent of Canadian equities trading and provide a cost-effective and efficient method for the Canadian broker/dealer community to execute transactions on behalf of their clients. Source: financefeeds.com

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