China Purchasing Canadian Gold Miners Amid Gold Rally
As the coronavirus pandemic significantly impaired economies around the world and seeded uncertainty and volatility in global equity markets, it appears that gold prices are one of the few to come out on top. Since the beginning of the year, gold prices have increased by approximately 35%, given that the commodity’s stability as a store […]
Zenabis Amends Q1 Financials, Loss Increases To $7.7 Million From $1.5 Million
Zenabis Global (TSX: ZENA) filed amended financial statements Friday night after 10:30 PM, and issued the resulting press release this afternoon. The company had a list of approximately 12 items that were incorrectly stated within the original financials issued on May 15, with the net result being an increase of the firms quarterly net loss […]
US Shale Drilling at Lowest Output Since 2016 Amid Decline in Crude Oil Demand
When the severity of the coronavirus pandemic became evident and countries around the world began to impose infection-mitigating restrictions, the demand for crude oil collapsed. This undesirable effect ultimately impacted the US shale industry, which was already hanging on its last threads due to lack of revenue to fund growing debt loads, With demand during […]
Venezuela Down to Two Oil Rigs Amid Crippling Washington Sanctions
The deadly coronavirus pandemic has lead to the crippled many economies around the world, especially those that are reliant on the oil industry as a source of revenue. When global demand plummeted and caused oil prices to fall to record lows, the oil-rich countries found themselves at a disadvantage. Venezuela however, has an even more […]
Champignon Brands Announces Name Change, Spin Out Of CPG Division
Champignon Brands (CSE: SHRM) announced after the bell last night that it intends to change its name, as well as spin out its consumer packaged goods (CPG) division to drive further value for shareholders. Under the proposal, the company will change its name to that of Apotheosis Scientific Ltd. The justification for Champignon changing its […]
Pure Extracts: The Second Wave of Psychedelic Operators
Some years ago when the first wave of cannabis firms went public, operators were focused on building a narrative behind one common theme: capacity. Specifically, investment bankers and business executives were focused on touting the square footage of their facility, which in layman terms, could be converted into revenue. If an operator has X square […]
Hexo, Bombardier Among Issuers Dropped by S&P/TSX Composite Index
My how the might have fallen. The S&P Dow Jones Indices this evening announced the latest changes to the S&P/TSX Composite Index, and chief among the changes is the dropping of both Hexo Corp (TSX: HEXO) and Bombardier Class B Shares (TSX: BBD.b) shares. As many are aware, the S&P/TSX Composite Index is the headline […]
Canada’s Cautious Reopening Causes Economic Recovery to Fall Behind Compared to US Counterpart
As coronavirus restrictions are slowly being lifted across the country, the resulting economic damage is becoming more evident. According to real time alternative data including job postings numbers, mobility tracking, and restaurant bookings all suggest that Canada’s economy is beginning to rebound after nearly three months of strict COVID-19 lockdown. Comparatively however, the data also […]
Gold Serves as a Vital Store of Value in Coronavirus-Ravaged India
As many countries around the world are struggling to uphold their economies in face of the deadly coronavirus pandemic, India in particular is experiencing devastating financial consequences. In its attempt to mitigate the effects of the pandemic, the Indian government has left the economy in shambles. As a result, many Indians are unable to get […]
US Mortgage Rates Fall Below 3% Amid Concerns Over Second Wave of COVID-19
Just last week mortgage rates in the US appeared to show a slight increase as prospects of an economic recovery and an optimistic May employment report. However, the positivity soon subsided, as a potential second wave of COVID-19 is becoming increasingly inevitable. According to Mortgage News Daily, the 30-year fixed mortgage, fell to 2.97% on […]