The Daily Chase: Canaccord management push for $1.13B takeover; Three Amigos Summit to begin
BNN Bloomberg
A management-led group is looking to take independent financial services firm Canaccord Genuity private for $1.127 billion.
MARKETS LOOK TO EXTEND RALLY
North American equity markets appear poised to build on the first major rally of the new year. Futures south of the border are all up modestly as we approach the opening bells, with the three major indices all gaining something of a third of a per cent after Friday's relief rally. At play, we've got the gradual re-opening of the Chinese economy and the prospects that slowing U.S. wage growth will help keep the Federal Reserve from getting more aggressive when it comes to its rate-hiking cycle, though as we've seen many a time even this year, all lines are subject to change. Of note from Friday's trade here in Canada, it was all about those classic reopening stocks – both Canadian National Railway (CN) and Canadian Pacific Railway (CP) were among the top three points contributors to the S&P/TSX Composite Index as bellwethers of shipping volumes and thus overall demand.
THREE AMIGOS MEET IN MEXICO CITY
