Canaccord

Canaccord to raise a US$1-billion fund for Chinese investment in natural resources

Canadian merchant bank Canaccord Financial Inc. (TSX:CF) stocks were up almost 3 percent this morning after the company announced this morning that it will partner with the Import Export Bank of China to raise a US$1-billion fund promoting Chinese investment in natural resources around the world. The statement followed Canada’s Prime Minister Stephen Harper announcement of a series of multibillion-dollar trade and business deals, setting the table for a possible free trade agreement between Ottawa and Beijing.