5. California-based MedMen Enterprises, the U.S. marijuana retailer known for its upscale, Apple-like stores, began trading on the CSE yesterday under the symbol “MMEN“…it opened at $5.63, near its high for the day, and closed at $4.95…it’s off 29 cents at $4.66 through the first 30 minutes of trading this morning…with more than 800 employees and 18 licensed facilities in California, Nevada and New York, MedMen is one of the fastest-growing companies in the quickly evolving U.S. cannabis industry…the 3 states where Medmen currently operates account for about half of the addressable cannabis market in the United States..state-sanctioned cannabis sales in the country are estimated at about $7 billion (U.S.) annually and expected to reach $75 billion (U.S.) by 2030, according to the Cowen Group. “MedMen’s vision is simple but revolutionary: Cannabis as a consumer product,” stated co-founder and CEO Adam Bierman. “For the better part of a decade we have been singularly focused on that vision – creating the systems and infrastructure that raise the bar on product quality and safety and providing a retail shopping experience that is second to none. By going public, MedMen gives investors a ground-floor opportunity to participate in the enormous and untapped potential of the fastest-growing industry in the United States”…MedMen’s listing follows the successful completion of a reverse takeover…in connection with RTO and MedMen’s listing on the CSE, the company raised approximately $143 million, or $110 million (U.S.), through a private placement at an implied enterprise valuation of $2.14 billion CDN…
May 31, 2018
7 @ 7:00
Visit the BMR comments section throughout the day for updates and helpful information.
1. Gold has traded between $1,298 and $1,307 so far today…as of 7:00 am Pacific, bullion is up $2 an ounce at $1,303…Silver has added a couple of pennies to $16.51…Nickel, continuing its hot run, climbed as high as $6.95 this morning and is currently up 3 cents at $6.90 after bullish Chinese economic data…Copper is unchanged at $3.10 while Zinc has slipped 2 pennies to $1.40…Cobalt is steady at $41.28…Crude Oil (WTI) has retreated 95 cents to $67.26 while the U.S. Dollar Index is up slightly at 94.12…inflation remained at the Federal Reserve’s target in April for a 2nd straight month, a sign of firming prices in the U.S. economy that underscores policy makers’ plans to gradually raise interest rates…the personal-consumption expenditures price index, a broad measure that serves as the Fed’s preferred inflation yardstick, rose a seasonally adjusted 0.2% in April from March, the Commerce Department said this morning…from April 2017, the index was up 2%, matching the Fed’s annual goal for inflation…
2. Crude Oil is rebounding from its morning lows after a just-released report that U.S. commercial Crude inventories fell by 4.2 million barrels in the week to May 25, compared with analysts’ expectations for a decrease of 525,000 barrels…an earlier industry report had suggested stockpiles rose by 1 million barrels last week…the premium of Brent to WTI ballooned beyond $11 a barrel this morning, the largest since March 2015…that spread has doubled in less than a month as a lack of pipeline capacity in the United States has trapped a lot of output inland…Americans’ pipeline capacity problems pale in comparison to those in Canada, however…meanwhile, Reuters has reported that OPEC and its allies aim to continue their agreement to cut Oil output through the end of the year, but they are ready to make adjustments to offset any supply shortfall…OPEC meets June 22 in Vienna…technically, WTI has superb support in the mid-to-upper-$60’s…
3. China reported today that factory activity grew more than expected in May, with the official manufacturing Purchasing Managers’ Index (PMI) coming in at 51.9 – the highest level since October 2017…the Chinese manufacturing PMI was forecast to dip to 51.3 in May from 51.4 in April, according to a poll of economists by Reuters…a reading above 50 indicates expansion, while a reading below that signals contraction…strong supply-demand factors and gains in global commodity prices contributed to the improvement in May’s manufacturing PMI reading…meanwhile, China reported services PMI at 54.9 in May from 54.8 in April as the manufacturing giant transitions to a services and consumption-driven economy…
4. The pace of economic growth in Canada slowed in the 1st quarter of this year to its lowest rate in nearly 2 years…should that come as any surprise?…Statistics Canada said today that the economy grew at an annualized pace of just 1.3% for the first 3 months of the year, well below economists’ expectations and far short of the growth rate south of the border…that compared with an annual pace of 1.7% in the final 3 months of 2017…household spending increased 0.3%, the slowest pace since the 1st quarter of 2015…
5. With the federal government’s decision to buy Kinder Morgan’s (KML, TSX) Trans Mountain pipeline dominating the political agenda in Ottawa, and creating plenty of controversy across the country, federal legislation that would overhaul Canada’s environmental assessment process is back in the House of Commons, with Conservatives and industry groups warning that it could be a “death knell” for natural resource projects…investors have many reasons to be concerned, especially since this legislation comes from a government obsessed with climate change and gender issues that shaped Justin Trudeau’s disastrous National Energy Program (NEP 2.0 may even inflict more damage on Canada than his father’s National Energy Program in the early 1980’s)…a new bill, C-69, would replace sweeping environmental assessment reforms passed by the former Conservative government in 2012…it aims to “broaden the scope” of environmental assessments while falsely claiming to shorten timelines…it would create a new “Impact Assessment Agency of Canada”, to replace the Canadian Environmental Assessment Agency, which would lead all major assessments…Bill C-69 is another federal government boondoggle and if passed in its current form will further Canadian competitiveness in the resource sector…
6. The Bank of Canada indicated very clearly yesterday that interest rates are going up in July, and there will be more rate hikes to come, even though it held its key rate steady at 1.25% as expected…the BOC sees higher rates as necessary now and not “over time”…as well, it no longer feels the need to be “cautious” about its belief that it needs to take rates higher…on Tuesday evening, before the rate announcement, bond-market pricing indicated the market was giving only a 17% chance of a rate hike yesterday and a modest 53% chance of a hike in July…the market’s implied expectation for rate hikes had fallen considerably over the previous 2 weeks…
7. The Dow is off 138 points as of 7:00 am Pacific with trade tensions erupting again…U.S. Commerce Secretary Wilbur Ross says the U.S. will slap tariffs on Canadian, Mexican and European Union steel and aluminum as of midnight tonight…Canada, Mexico and Europe were exempted from import duties of 25% on steel and 10 % on aluminum when they were first imposed in March, but those exemptions will expire tomorrow…in Toronto, the TSX is off just 19 points while the Venture has added 2 points to 769…
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May 30, 2018
Daniel’s Den
7 @ 7:00
Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information.
1. Gold has traded between $1,295 and $1,303 so far today…as of 7:00 am Pacific, bullion is up $2 an ounce at $1,300…Silver has retreated 7 cents to $16.36…Nickel, continuing its hot run, has jumped 11 cents to $6.84…Copper is off 2 pennies at $3.08…Zinc is a penny higher at $1.41 while Cobalt is steady at $41.28…Crude Oil has recovered 54 cents to $66.91 while the U.S. Dollar Index has eased off nearly half a point to 94.39…U.S. economic growth slowed slightly more than initially thought in the 1st quarter amid downward revisions to inventory investment and consumer spending, but income tax cuts and regulatory rollbacks are likely to boost activity this year…GDP increased at a 2.2% annual rate, the Commerce Department said in its second estimate of Q1 GDP released this morning, instead of the previously reported 2.3% pace…the economy grew at a 2.9% clip in Q4…
2. The most recent data on Swiss Gold exports confirm muted Gold demand in Asia lately, according to Commerzbank…analysts cited data from customs authorities showing that Switzerland exported only 43.7 tonnes of Gold to China and Hong Kong in April, the least since September…Switzerland likewise exported only a small amount of Gold – 26.2 tonnes – to India…yesterday, Commerzbank cited data from the Census and Statistics Department of the Hong Kong government that also suggested soft Chinese demand for Gold…in particular, Commerzbank pointed out that net Chinese Gold imports from Hong Kong fell to 38.4 tonnes in April, which was a decline of 35% month-on-month and 48% year-on-year…
3. On a positive note with Gold, bullion is approaching a “sweet spot” as macro and micro fundamentals align, according to BMO Capital Markets…the firm adds that now is the ideal time for investors to be paying attention to the yellow metal and quality Gold stocks….“Macroeconomic, company fundamentals and valuation all point toward an opportunity for investors to benefit from increased exposure to precious metal equities,” analysts at BMO said in a report published yesterday…“A return to higher Gold and Silver prices may just be the catalyst needed to reinvigorate investor interest”…BMO has upwardly revised this year’s Gold price outlook by 4% to $1,327 an ounce, highlighting inflation and the yellow metal’s resiliency to a rising U.S. dollar…“Gold has found support from rising geopolitical risk along with increasing concerns that the current U.S. expansion is soon nearing an end. Gold typically does well at the early stages of an inflation cycle, which does tend to come just after the peak rate of expansion,” analysts added..
4. Pure Gold Mining (PGM, TSX-V) reported this morning that with the close of its recent financing, and approximately $24 million now in the treasury, the company is fully funded to complete the definitive feasibility study, finalize remaining mining and processing permits, extract a 7,200 tonne bulk sample, and undertake an additional 21,000 m of exploration drilling focused on increasing the scale of its Madsen Project in the Red Lake district beyond what was contemplated in its initial feasibility study…“Our feasibility team is making great progress and the study is on track for completion in Q4 2018,” stated Darin Labrenz, Pure Gold President and CEO. “Importantly, our work program is fully funded through to mid-2019 when we anticipate having all required updated permits in place to support our goal of advancing Madsen to production. As outlined in our 2018 Preliminary Economic Assessment, Madsen has the potential to be a low capital intensity project leveraging key existing infrastructure to provide high margins, setting it apart from other near-term producers in our space. Our current development program is designed to further de-risk the project, demonstrate the upside growth potential and scalability, and put the Madsen Gold Project firmly on the path to becoming Ontario’s next Gold mine.”
6. After yesterday’s nearly 500-point drop, the Dow has rebounded 112 points through the first 30 minutes of trading…in Toronto, the TSX is up 60 points as it tries to snap a 6-session losing skid after 11 straight winning sessions…Aurora Cannabis (ACB, TSX) says it has launched a new product line called Aurora Frost…this new dried cannabis product line represents the highest potency offering of any Aurora product launched to date at over 35% THC…the Venture is flat at 771…Canada Cobalt (CCW, TSX-V) has jumped 4 cents to 37 cents in early trading as crews prepare for imminent underground drilling at the Castle mine in the Northern Ontario Cobalt Camp…GT Gold (GTT, TSX-V) continues to firm and appears ready to break out to new 2018 highs given increasing technical momentum and mobilization of crews starting Friday at the company’s Saddle South high-grade Gold discovery in northwest British Columbia…White Gold (WGO, TSX-V) has commenced its 2018 drill program on its extensive land package representing approximately 40% of the White Gold district in the Yukon…the company reported this morning that it has initiated drilling on two of its highest priority properties, White Gold and Betty…drilling is scheduled to commence on 2 additional targets in the coming weeks as part of the company’s 3-year regional exploration plan…a total of 5 drill rigs will be operational this season to drill 20,000 m across 6 properties…it appears WGO may have bottomed in the 60’s in April after a 1-year decline from a high of $2.30…
7. Thanks to climate change extremism, excessive taxation and over-regulation, all neatly wrapped into Justin Trudeau’s disastrous National Energy Program (worse than his father’s in the early 1980’s, if that’s possible), Canada is so closed for business when it comes to the energy sector now that the “buyer of last resort” – the federal government – has stepped in and nationalized the Kinder Morgan Pipeline…yesterday’s decision by the feds to use $4.5 billion in taxpayers’ money to buy this pipeline project from Kinder Morgan was a sham and a disgrace, an admission of failure on part of the government in terms of its energy “strategy”, though it seems its only strategy is to transition Canada out of Oil to a utopian ‘green’ and ‘clean’ economy…just as bizarre yesterday was seeing Alberta’s socialist Premier exchanging high-fives with her colleagues on the news of the Feds’ buyout of the pipeline, a seen reminiscent of George Bush’s ridiculous “Mission Accomplished” moment during the last Iraq War…Rachel Notley said her 3 conditions have been met – 1) immediate resumption of construction; 2) concrete guarantees of project completion; and 3) Albertans getting value for their investment…“This has been accomplished,” Notley insisted…oh, really?…not a chance…there is still NO plan to deal with the obstructionist and Oil-hating B.C. government (the “Green Monster”) which yesterday reiterated its steadfast opposition to the already approved project and even doubled down on its encouragement of citizens to protest (“peacefully”, of course) the pipeline expansion…are the feds and Notley’s socialists ready to fight the War in the Woods that B.C. activists, backed by the Green Monster, will wage?…there are 840,000 kilometers of pipeline operating in Canada today…almost all of that hugely impressive network has been constructed using private capital that was efficiently deployed by investors who saw in Canada an intelligently designed and applied regulatory framework…that reputation has now been destroyed by left-wing politicians, federally and provincially, who worship their false Green gods…the Trudeau National Energy Program, like its predecessor in the 80’s, is not friendly to the Oil industry, has thrown Canada’s regulatory framework into a tangled mess, and is hurting this nation immensely in terms of lost jobs, investment and economic growth…Canadians, apologizing for being blessed with the world’s 3rd-largest Oil reserves, will wake up one morning in the not-too-distant future and ask themselves, “What the hell have we done?“…
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May 29, 2018
7 @ 7:00
Visit the BMR comments section throughout the day for updates and helpful information.
1. Gold has traded between $1,293 and $1,307 so far today…as of 7:00 am Pacific, bullion is down $3 an ounce at $1,297…Silver has retreated 7 cents to $16.36…Nickel has added 7 cents to $6.74, Zinc is up 2 pennies at $1.40 while Copper and Cobalt are unchanged at $3.11 and $41.28, respectively…Crude Oil is off 97 cents to $66.91…OPEC countries are due to meet June 22 in Vienna…the U.S. Dollar Index is flat at 94.39…political turmoil in Italy has added to investors’ worries today, sending the euro to its lowest level against the dollar this year…the euro zone’s 3rd-largest economy has been struggling to establish a government since inconclusive elections in March, with anti-establishment forces abandoning their effort to form a ruling coalition over the weekend…meanwhile, euro zone concerns have also extended to Spain where the country’s parliament is set to vote whether to oust Prime Minister Mariano Rajoy and his center-right party this Friday…
2. The latest COT data showed that hedge funds continue to shed their bullish bets on Gold, but that’s not deterring Gold bulls such as Bloomberg Intelligence commodity analyst Mike McGlone who issued a report yesterday: “Since the inception of the rate-hike cycle, the number of ounces estimated held by Gold ETFs has increased more than 2 x the price of Gold, 52% vs. 22%. The 75 million ounces in Gold ETFs equates to Gold near $1,600, if the price appreciated at the same pace. Despite the Gold price being unchanged from June 2016, ETF holdings have increased substantially. If history is a guide, the recent flush of futures-speculator net longs is a green light for higher prices.”
3. What a tangled web Canadian politicians obsessed with climate change and government-knows-best thinking have weaved: The federal government, with help from various provinces, has bungled the energy file in this country so badly, now it’s buying a pipeline in order to try and fix a problem of its own making…would this ever happen in the United States? – not a chance…Federal Finance Minister Bill Morneau announced this morning that the Liberal government (Canadian taxpayers) will pay $4.5 billion to buy Kinder Morgan’s (KML, TSX) Trans Mountain pipeline…in return, Kinder Morgan will go ahead with its original plan to twin the pipeline with construction starting this summer (really? – where is the plan to deal with the Green Monster, the B.C. government?) while the sale is finalized, which likely won’t happen until August…Morneau says once the sale is complete, Canada will continue the construction on its own, with a view to eventually selling the whole thing down the road, once market conditions would allow it to get the best price…Morneau says the federal government does not plan to be a long-term owner and is in negotiations with interested investors, including Indigenous communities, pension funds and the Alberta government…good grief…this morning’s announcement by Morneau amounts to an admission of total failure on part of the feds, an example of how Justin Trudeau’s ill-conceived National Energy Program (like his father’s in the early 1980’s) has been a huge financial disaster while also flaming regional tensions…history has repeated itself…Canadians should be outraged that governments have made such a mess out of things, the private sector isn’t interested in building pipelines in this country anymore…they’ve suffocated the private sector with enough regulatory red tape, carbon taxes, “gender-based analysis” garbage and other globalist-driven policies (not a Canada-first agenda) to circle the globe a hundred times…shameful that this has happened to a country blessed with the world’s 3rd-largest Oil reserves…
4. A new report from CIBC economists Benjamin Tal, Andrew Grantham and Katerine Judge estimates the pipeline crisis has cost the Canadian Oil patch a whopping $12 billion in forgone revenues during the past several years…CIBC’s report quantifies the level of dismay in the Oil patch thus far, where tensions are mounting ahead of Finance Minister Morneau’s sold-out speech in Calgary tomorrow. “Wider spreads and transportation uncertainty have been holding back investment in the energy sector recently, and by extension real economic activity” in Canada, the report stated…while capital expenditures related to Oil and gas in the United States began to rebound in the middle of 2016, in Canada capital expenditures have continued to languish and could continue to fall without new pipeline capacity…CIBC added that Canada’s “reputation could…be dented by further delays in major projects”…the fact is, Canada’s reputation among international investors in the Oil and gas sector has already been dented and it’s only going to get worse…
6. Equity markets are under mild pressure to begin the new trading week in the U.S. after yesterday’s Memorial Day holiday…the Dow has slipped 147 points after 30 minutes of trading...in Toronto, the TSX is down 37 points as it tries to snap a 5-session losing skid after 11 straight winning sessions…the Venture is flat at 771…Blind Creek Resources (BCK, TSX-V) has received shareholder and court approval for the plan of arrangement with privately-held Engineer Gold Mines…Blind Creek shareholders of record as of June 1 will be entitled to receive 1 Engineer Gold Mines common share for every 2 Blind Creek common shares they hold (due to settlement period, that means you must own Blind Creek by tomorrow if you wish to receive the “dividend”)…Engineer Gold has also received conditional approval to list its common shares on the Venture, though no date has yet been set for trading…
7. Drills start turning this week at Garibaldi Resources’ (GGI, TSX-V) Nickel-Copper-rich massve sulphide discovery at Nickel Mountain…weather conditions are rapidly improving after a foot of snow fell in parts of the Eskay Camp including Nickel Mountain over the weekend…meanwhile, further north, GT Gold (GTT, TSX-V) crews mobilize Friday at Saddle South (Tatogga Project) where the first priority is to extend a promising near-surface high-grade Gold discovery made last year in first-ever drilling…south of the Eskay Camp near Stewart, Ascot Resources (AOT, TSX-V) reported initial infill drilling results this morning for the first 11 holes from the 602 zone at the company’s flagship Premier-Dilwroth Project…several holes intercepted wide intervals of high-grade Gold mineralization including 12.1 m of 11.65 g/t (P18–1605) and 9.6m of 24.6 g/t (P18–1609)…Derek White, President and CEO, stated: “This helps to build our confidence in the robustness of our geological model, the planned mining approach and associated mining methods that will be used in the 602 zone. Given the positive results, the company is considering additional drilling in this area”…Ascot is working towards recommencing underground production at the Premier site using existing facilities and infrastructure (mill, power and tailings facilities, underground development, and road access)…
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May 28, 2018
7 @ 7:00
Visit the BMR comments section throughout the day for updates and helpful information.
1. Gold has traded between $1,295 and $1,300 so far today…as of 7:00 am Pacific, bullion is down $4 an ounce at $1,297, easing off slightly on revised prospects for a U.S.-North Korea summit…holdings of SPDR Gold Trust, the world’s largest Gold-backed ETF, fell 0.42% to 848.50 tonnes Friday…meanwhile, speculative bets on higher Gold prices have fallen sharply, with funds’ net long position in COMEX Gold slipping to its lowest level in 10 months (bullish contrarian sign)…Silver has retreated 5 cents to $16.41…Copper, Nickel and Zinc are all relatively flat at $3.11, $6.68 and $1.38, respectively…Cobalt is steady at $41.28…Crude Oil is getting hit again today after experiencing its worst session Friday since July 2017…WTI is down another $1.51 a barrel to $66.37 while the U.S. Dollar Index is up slightly at 94.34…
2. Crude Oil prices remain under pressure today but will likely find strong support near current levels due to bullish overall technical and fundamental factors…to address potential supply shortfalls, Saudi Arabia, de-facto leader of the OPEC cartel, as well as top producer Russia, said on Friday they were discussing raising Oil production by some 1 million bpd to make up for losses elsewhere under the production cut agreement…meanwhile, surging U.S. Crude production is showing no signs of abating as drillers continue to expand their search for new Oil fields to exploit…U.S. energy companies added 15 rigs in the week ended May 25, bringing the rig count to 859, the highest level since 2015…U.S. Crude production has already surged by more than 27% in the last 2 years to 10.73 million barrels per day (bpd), bringing American output ever closer to Russia’s 11 million bpd…the Oil sector is being championed in the U.S. – why is not being championed in Canada?…
3. No surprise here – optimism about the Canadian economy among business directors has waned over the past year, according to a new survey, as various domestic political squabbles, higher taxes, over-regulation and uncertainty surrounding the North American Free Trade Agreement talks dampen Canada’s business outlook (in the United States, under the Trump administration, business optimism is now at its highest levels in many years, so the 2 countries are clearly moving in opposite directions)…an annual survey from the Institute of Corporate Directors (ICD) released today found that 33% of respondents expected the Canadian economy to improve in the next 2 to 5 years, down significantly from 52% in 2017…in the 2018 survey, 34% of respondents now expect the Canadian economy to worsen while 26% expect it to stay the same…
4. Australian Gold producer Resolute Mining has made the first major investment by an international Gold mining company into Sudan by acquiring 32.4 million shares of Ocra Gold (ORG, TSX-V), or 15% of the company on a fully diluted basis, in a private placement at 67 cents per share ($22 million)…Richard Clark, Orca CEO, commented: “This strategic investment by Resolute demonstrates and supports a rapidly growing international mining interest in Sudan. Resolute is a well-credentialed Australian Gold producer that has been successfully developing and operating Gold mines in Africa for more than 20 years and has recognized the scale and quality of our Block 14 Gold Project. Orca is now fully funded to deliver a feasibility study on Block 14, expand our exploration endeavours on this 2,170 sq. km license and our concessions in Cote d’Ivoire.”
5. B.C.-based Torino Power Solutions (TPS, CSE) has landed an important contract and will deliver its technology to one of the largest utility companies in the northeastern United States…the utility is based in New England and controls several regulated subsidiaries offering retail electricity and natural gas service to more than 3 million customers, so that’s certainly a vote of confidence in Torino’s disruptive technology which features a patented microwave cavity sensor delivering real-time temperature measurements of overhead power lines…this allows for increased transmission capacity, improved grid resiliency, lower energy costs and bottleneck elimination…the Torino power line monitoring (PLM) sensor system will be installed at a specified location on a New England utility overhead power line on a pilot basis with terms for purchase after an evaluation period is successfully completed…Torino, trying to tap into a very large potential global market, is focused on servicing utilities that are seeking new innovative sensor technology to improve grid performance and reduce cost for their customers…TPS, with only 46 million shares outstanding, is up 2 pennies at 12 cents as of 7:00 am Pacific…
6. U.S. equity markets are closed today due to the Memorial Day holiday…in Toronto, the TSX has slipped 19 points while the Venture is off 1 point at 775…Aphria (APH, TSX) has entered into a series of agreements resulting in the company forming a joint venture, CannInvest Africa Ltd., with South Africa’s Verve Group of Companies…as part of this transaction, CannInvest will acquire an interest in Verve Dynamics, poised to become one of the lowest-cost producers of medical cannabis extracts in the world..Aphria’s international expansion now extends to more than 10 countries across 5 continents…California-based MedMen Enterprises, the U.S. marijuana retailer known for its upscale, Apple-like stores, plans to finalize its reverse takeover listing in the coming days and is set to become one of the biggest publicly-traded cannabis firms on the Canadian market, trading on the CSE…
7. Federal Finance Minister Bill Morneau plans to give a speech to a Calgary business audience Wednesday, a day ahead of a deadline set by Kinder Morgan Canada for its Trans Mountain Pipeline Project…the Calgary Chamber of Commerce, which announced the event set for May 30, says the speech will focus on “securing Canada’s economic future”…Kinder Morgan suspended all non-essential construction on the project in April, citing obstruction by the new British Columbia government, and the company set a May 31 deadline for getting assurances it can proceed without delays…the Feds, who have certainly not championed the Oil or broader resource sector in Canada since being elected in late 2014, have been all talk and no action on the Trans Mountain file for many months, so we certainly don’t expect Morneau to pull a rabbit out of the hat Wednesday…Kinder Morgan has now won 16 consecutive court challenges to its Trans Mountain Pipeline Project, yet the obstructionist B.C. government remains relentless in its attempt to block the already approved extension…the Feds have put no pressure on the Green Monster due in part to fear of losing seats in Metro Vancouver/Vancouver Island in the upcoming 2018 federal election…
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