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An artist’s rendering of the proposed GTA Centre in Markham, Ont.
An artist’s rendering of the proposed GTA Centre in Markham, Ont.
(BBB ARCHITECTS)

Canaccord to invest in Markham arena? #Notachance

Take one ambiguously worded press release, add a dash of Twitter and suddenly Canaccord Financial Inc. is investing in a $325-million arena project north of Toronto.

However, the truth is a little different.

The speculation started when Renaud Lavoie @LavoieRenaud of TVA in Quebec sent out a tweet to his almost 80,000 followers that “Canaccord and Jeffries LLC are ready to invest in the GTA Center in Markham. That way the city won’t have to borrow $325M.”