The Daily Chase: Awaiting jobs data; Biden looks to reform cannabis regulation

Economists suspect Canada’s three-month streak of job losses was snapped last month, with a median estimate for 20,000 net new jobs in September.

HOPE SPRINGS ETERNAL IN POT SECTOR

It’s a great day for us to have Tilray Brands Chief Executive Officer Irwin Simon lined up, considering how pot stocks caught fire yesterday after U.S. President Joe Biden made it clear he wants to see a lighter touch on cannabis in that country. It was enough to send Tilray's shares up 32.6 per cent, putting that company at the top of the S&P/TSX Composite Index’s leaders board (which may be fleeting after fiscal first-quarter net revenue lagged the average estimate this morning). We’ll get a better sense of what’s happening behind the scenes when Simon joins us at 10:30 a.m. EDT; and no doubt Dave will do plenty of reporting today on how the big Canadian LPs are positioned to dive into the U.S. market once there’s a green light.

DANIELLE SMITH'S UCP