Canada’s Economy Recovers Nearly Half of Lost Output Since Pandemic, GDP Rises by 4.5% in May
As much of Canada has been making efforts to recover from the devastation brought on by the coronavirus pandemic, it appears that there is a light at the end of the tunnel after all. According to latest figures released by Statistics Canada, nearly half of the country’s losses stemming from March and April have been […]
Datametrex Renews Contract With US Air Force For A.I. Tech
Datametrex AI (TSXV: DM) has seen its contract extended with the US Air Force for a second term. The contract, via Wright State Applied Research Corp, is for the firms artificial intelligence technology, which it has been using for a period of one year, demonstrating the effectiveness of the tech in defense applications. The Wright […]
Second Quarter Revenues Plunge for Canadian Oil Companies Amid Pandemic
As second quarter financial results come pouring in and giving insight into the true economic toll of the coronavirus pandemic, it appears that oil companies have been hit significantly hard – not only by the pandemic, but by falling oil prices, global oil market fallout, and a general shift in sentiment regarding crude oil policies. […]
Revive Therapeutics Granted FDA Approval For Phase 3 Clinical Trial For Bucillamine In COVID-19 Treatment
It’s a big day for Revive Therapeutics (CSE: RVV) (OTC: RVVTF). The company announced this morning that the US Food and Drug Administration has approved the company’s application for a Phase 3 Clinical Trial for the study of utilizing Bucillamine in the treatment of patients with mild-moderate COVID-19. The Phase 3 clinical trial will see […]
Emerald Health Sells Quebec Subsidiaries For $21.0 Million In Cash
Emerald Health Therapeutics (TSXV: EMH) is leaving Quebec. The company announced this morning that it is selling its Quebec-based subsidiaries Verdelite Sciences, Inc, as well as Verdelite Property Holdings, Inc in an all cash transaction to that of Quinto Resources (TSXV: QIT). Under the terms of the transaction, Quinto will purchase the Quebec cannabis assets […]
Karora Resources Begins Trading Post-Consolidation Today
Karora Resources (TSX: KRR) announced yesterday evening that the equity will begin trading on a post consolidation basis as of this morning. Under the terms of the consolidation, shareholders will receive one post consolidation share fore every 4.5 pre-consolidation shares held as of market close yesterday. While the company had previously announced that it would […]
Alberta’s Oil Sands Suffer Further Blow as French Firm Total S.A. Writes Off $9.3 Billion in Assets
It appears that Canada’s oil sands have been dealt an even further flow amid the current economic turmoil in global oil markets. French energy company Total has recently announced it will write down a total of $9.3 billion worth of energy assets in Alberta’s oil sands, as well as effectively cancel its membership with the […]
Rent Crisis Imminent as Eviction Moratoriums Expire, Employment Benefits Run Out
As many of the extensive measures such as eviction moratoriums and employment benefits introduced by the US government four months ago came to an end, it appears the US economy is still in shambles – with the worst yet to come. Last Friday was a dark day for millions of Americans: not only did the […]
Pandemic Cash Hoarding Causes Shortage of $50 Bills: Bank of Canada
The Bank of Canada recently revealed it is experiencing a shortage of $50 bills, as an increasing number of Canadians began to hoard cash during the coronavirus pandemic. The Bank of Canada’s stock replenishment is regularly scheduled for the end of summer, but with the heightened demand for $50 and $20 bills during the pandemic, […]
Lining Up, Part 2: The Many Ways To Invest In Silver
As the silver price continues its strength, The Deep Dive is bringing you a broad look at various types of asset classes that investors use to invest in silver, with examples. However, here’s your reminder that the following is not investment advice. The most direct way to gain exposure to the silver price is to […]