Metro Vancouver Home Sales Fall by 44% Despite Prices Remaining High
As a result of physical distancing measures and stay-at-home orders being imposed across Canada as a means of mitigating the spread of the coronavirus pandemic, the real estate market became the subject of significant volatility. The Greater Vancouver area, which is known to skew a variety of national variables pertaining to real estate, is currently […]
Wells Fargo Will No Longer Provide Loans to Independent Car Dealerships
Although coronavirus restrictions are slowly being lifted across the US, much of the corresponding financial destruction is far from over. According to CNBC, San Franciso-based Wells Fargo has decided to reduce a potential default headache by terminating its relationship with independent auto dealerships regarding auto loans. Wells Fargo has a significant portion of its business […]
Choom To Acquire Phivida Holdings In All Stock Transaction
It appears that Choom Holdings (CSE: CHOO) and Phivida Holdings (CSE: VIDA) are joining forces via a merger in a transaction that is claimed to “strengthen Choom’s leadership position in Canadian cannabis retail.” The transaction is valued at $7.3 million and will be taking the form of an all-share transaction. The transaction will see Choom […]
Increase in Rail Shipments Suggests Canadian Economy Beginning to Rebound
Much of Canada’s economy came to a stand-still as the coronavirus pandemic brought about lockdowns, mandatory social distancing measures, and temporary shutdowns of non-essential production. As a result, the Canadian National Railway Co. saw a significant reduction in rail volume during the pandemic’s peak. In response to the demand decrease, CN had no choice but […]
Ex-Enron CEO Jeffrey Skilling Looks To Launch Digital Oil Marketplace
It seems that the year 2020 can’t get bizarre enough. Today, it was revealed that former Enron CEO Jeffrey Skilling, whom was released last year from a 14 year prison term related to the collapse of the energy firm, is currently in the process of raising funds for that of a digital marketplace for oil […]
California Introduces Bill That Would Allow Businesses to Terminate Commercial Lease Agreements
As lockdowns across the US are beginning to subside, it appears that many small and medium businesses have been significantly crumbling under the weight of the coronavirus pandemic. Particularly in California, where many of those businesses are reliant on a thriving tourist and hospitality, the situation is even worse. Many commercial businesses such as restaurants, […]
New York Gold Vaults Are Getting Stockpiled Due to Market Dislocations
The coronavirus pandemic triggered extensive economic volatility across the US, resulting in the mis-pricing of assets. Traders were quick to notice the arbitrage in the market, and jumped on the opportunity to make substantial profits. Now as a result of frenzy, the US is about to be flooded with physical gold. Since the end of […]
Revive Files Clinical Trial Application With Health Canada, Releases Phase 3 FDA Study Design For Potential Treatment Of COVID-19
Revive Therapeutics (CSE: RVV) continues to advance its clinical trial efforts. The company announced this morning that it has filed a clinical trial application (Pre-CTA) with Health Canada, as well as updated the market with the news that the company will be filing investigational new drug packaging to the US FDA later this month for […]
Kingman Minerals Plans Drill Campaign For Mohave Gold Property
Kingman Minerals (TSXV: KGS) this morning announced that it is currently preparing a drill campaign for its Mohave Project in Arizona, with the campaign having a focus on the historic mine area on the property. The drill campaign, of an as of yet undisclosed size, will see the company twin the prior conducted 1984 drill […]
GoldMining Releases Resource Estimate For Idaho Project
GoldMining Inc (TSX: GOLD) this morning released resource estimate data for its 100% owned Almaden Gold Project, located 140 kilometres north of Boise, Idaho. The resource estimated conducted by the firm gave results of 910,000 ounces of gold indicated at 0.65 grams per tonne, while there were 160,000 ounces of gold at 0.56 grams per […]