Justin Trudeau Urges Commercial Landlords To Apply For Rent Relief Program
As many Canadians are going to struggle to make next month’s rent, the Prime Minister is urging – and warning – commercial landlords to participate in a federal loan program to help alleviate some of that financial pressure. Next week, the federal government is introducing a forgivable loan program which would give commercial landlords enough […]
Canadian Federal Government Unveils Lending Program For Large Companies
It appears that the Canadian federal government has finally caved, and will be providing financial support to large, publicly traded companies struggling through the coronavirus pandemic. The Large Employers Emergency Financing Facility will be available to Canadian companies that generate in excess of $300 million in annual revenue, and those companies will have to take […]
Chinese Companies May Soon Be Delisted From Exchanges If They Fail To Meet US Audit Regulations
It appears that Donald Trump’s request to cease Chinese equity investing has not completely fallen on deaf ears: on Wednesday, the Senate voted in favour of new legislation which would prevent certain Chinese companies from listing on the stock exchanges in the US. As tensions between the US and China continue to rise, several US […]
Generous Unemployment Benefits May Keep Some From Returning to Work Once Economy Reopens
Since the beginning of the coronavirus pandemic in the US, more than 36.5 million Americans have found themselves unemployed, and at the mercy of employment benefit providers as well as the federal government. Many of those newly unemployed workers previously held jobs in non-essential sectors such as hospitality and restaurant services, and were taking home […]
Canada’s Inflation Rate Enters Negative Territory Amid Economic Downturn
According to recent Statistics Canada data, the inflation rate has hit negative territory for the first time since the 2009 recession. As the coronavirus pandemic caused Canada’s economy to enter into lockdown mode, the demand for consumerism decreased, and fossil fuel prices plummeted. As a result, prices have dropped by 0.2% in April compared to […]
US Loses Another 2.4M Jobs; Over 38M Claims in Just 9 Weeks
This morning the Department of Labor released initial jobless claims for the week ended May 16, the advance figure came in at 2.4M, a decrease of 249k from the previous week’s revised level. It’s interesting to note the previous week’s level was revised down by 294k from 3.0M to 2.7M representing the largest relative adjustment […]
Xander Resources Acquires Property In Fenelon Gold Camp
Xander Resources (TSXV: XND) has entered into a definitive agreement to acquire what is referred to as the Blue Ribbon Property, located 11 kilometres southwest of the Wallbridge Mining’s (TSX: WM) Fenelon Mine project. The property itself consists of 34 claims over an area of 1,885.25 hectares, and is contiguous with Probe Metals (TSXV: PRB), […]
Datametrex Partners With Lab For COVID-19 Testing
Datametrex AI (TSXV: DM) announced this morning that it has entered into a strategic partnership and development agreement with Transpharm Canada, a full serivce clinical development operation and North America’s premier pharmaceutical training institute. Under the partnership agreement, Transpharm is to work with Datametrex to provide support and testing services for COVID-19 testing kits that […]
Market Movers: The Green Organic Dutchman
Following an announcement that it had inked a deal to supply Loblaws (TSX: L) owned drug store chain Shoppers Drug Mart with weed high-quality certified organic medical cannabis products, The Green Organic Dutchman (TSX: TGOD) traded 53.8 million shares Tuesday and another 30 million shares Wednesday to close at $0.46, a gain of +67% over […]
Max Resource Releases Bulk Sample Assay Results For Cesar Project
Further assay results have been released this morning by that of Max Resource Corp (TSXV: MXR), as well as QEMSCAN results for the firms Cesar project in northeast Colombia. The assay results come from two bulk samples that were extracted from AM North at the Cesar property. Referred to as #756 and #766, the samples […]