Canada

Early money moves by the royal couple look troubling.

U.S. marijuana retail chain MedMen Enterprises Inc. has been offering vendors shares in its company as payment for cannabis products amid a cash crunch in the industry.

Canadian cannabis company Aphria Inc. said Friday it has entered an agreement to receive a C$100 million (76.2 million) investment from an unnamed institutional investor. The investor purchased 14 million units of the company priced at C$7.12 per unit, the company said in a statement. Each unit is comprised on one common share and one-half of one common share warrant, entitling the holder to purchase a share at a price of $9.26 for 24 months after the closing date. Proceeds of the deal will be used to finance international expansion, working capital and for general corporate purposes. U.S.-listed hares rose 3.8% premarket on the news, but are down 17% in the last 12 months, while the S&P 500 has gained 26%.

It possesses a certain delicate, entertaining personality. It’s arguably the best new driver’s car for under $20k

Air Canada said Wednesday it has removed its Boeing 737 Max fleet from its operating schedule through June 30, following the news from Boeing that it does not expect to get regulatory approval for the fleet to resume flying until mid-year. Air Canada grounded its 737 Max fleet in March in line with international regulations after the aircraft was involved in two fatal crashes.

Oil futures end sharply lower Friday, dragged down as worries about the spread of the coronavirus added to concerns about potential oversupply in the market.

Gold prices on Friday finish higher for the day and week as traders a viral outbreak originating out of China continues to grow, sparking fears of a rapid spread of the deadly upper respiratory disease.

Investors are overlooking all the positives about Apple right now, says Wedbush analyst Dan Ives who has lifted his price target to $400.

Oil futures tumbled for a third session in a row on Thursday, with U.S. prices logging their lowest finish since late November, on fears that economic growth and oil demand may be hit by the spread of the coronavirus outbreak in China.

Gold futures post their first gain in three sessions to settle their highest in over two weeks Thursday, as the spread of the coronavirus in Asia feeds risk-off sentiment among traders, pressuring global stock markets and boosting haven demand for the precious metal.