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Early Signs Murky, Home Capital Rejects Buffett -- Canadian Commentary

Early signs were mixed for Canadian stocks Wednesday morning as traders were in a cautious mood following Apple's product launch and a rare rejection of billionaire Warren Buffett.

The TSX Composite has rallied this week, with the index jumping more than 100 points in the previous session.

Shareholders in Home Capital Group (HCG.TO) overwhelmingly rejected Warren Buffett's bid to boost his stake in the beleagured mortgage lender, as investors felt the deal was too sweet for the Oracle of Omaha.

Greece is set to grant permits for Eldorado Gold's (ELD.TO) Olympias project this week, Reuters reports.

Canopy Growth Corp. (WEED.TO) has signed an agreement with AusCann Group Holdings Ltd. to be its exclusive supplier of medical cannabis in Australia.

Crude oil prices rose further Wednesday morning after the world's energy watchdog said that global oil supplies fell in August for the first time in four months.

Gold was also higher.

In economic news, the median total income of Canadian households rose from $63,457 in 2005 to $70,336 in 2015, a 10.8% increase, according to Statistics Canada.

by RTT Staff Writer

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