TD Slips As Markets Sort Cowen Deal Details, Molson Revenues Lose Fizz
Canada’s TD optimistically expands in US, Sierra Wireless jumps on Semtech buyout Canadian stocks fell on Tuesday as investors digested Toronto-Dominion’s $1.3 billion deal to buy US investment bank Cowen, looking to broaden its reach in several markets, particularly inside the US. The S&P/TSX Composite Index shed one percent, and the blue-chip S&P/TSX 60 Index fell 0.9%. Meanwhile, data showed that July Canadian manufacturing slowed, and new orders notched their first drop since early in the pandemic. Q2 2022 hedge fund letters, conferences and more Online retailer Shopify (TSE:SHOP, NYSE:SHO...