Canada's main stock index erased early gains to trade lower on Friday, mirroring the mood on Wall Street, as losses in pot producers eclipsed firmer energy stocks and gains in Bank of Montreal after it reported upbeat earnings.
Canada's main stock index rose on Monday, aided by a more than 1% jump in energy and healthcare stocks, with sentiment also buoyed by upbeat October domestic manufacturing activity data.
Canada's main stock index was little changed on Friday, as weakness in technology and healthcare stocks offset commodity-linked gains, however the benchmark index was on course for its third straight week of gains.
Canada's main stock index rose for a seventh day on Thursday, reaching a level just short of its record high, boosted by stronger-than-expected corporate earnings and firm economic data as well as higher oil prices.
By Reuters Staff
2 Min Read
May 13 (Reuters) - Canadian medical cannabis producer Materia won European Union certification for its Malta facility to produce and export cannabis flower across the continent, allowing product supply in Germany, one of the largest cannabis markets in the world.
Several countries across the globe have been legalizing or relaxing laws on recreational use of cannabis, but Europe has remained a difficult market due to strict regulatory requirements, slowing growth.
Most European countries require the ‘European Union Good Manufacturing Practices’ (EU GMP) certification for companies to import and export cannabis goods.
Despite Malta being a hub due to its government’s progressive view on the sector, Materia’s facility is only the third in the country to get the coveted certificate.