CIBC: Strengthening Canadian Dollar Poses Serious Implications for Canada’s Exporting Sector
As the US dollar continues to weaken amid unprecedented fiscal and monetary measures taken by the US government and the Federal Reserve, Canada’s dollar has concurrently been on a strengthening trend since the onset of the pandemic. However, CIBC Deputy Chief Economist Benjamin Tal raises alarm over some of the implications that could arise if […]
Is Bitcoin A Ponzi Scheme?
It’s been suggested, both by intelligent observers and by Barstool Sports’ Dave Portnoy that Bitcoin, the cryptocurrency that just won’t leave the headlines and has spawned no small amount of love and hate in both its owners and detractors, is a Ponzi scheme. We expect this claim to continue for as long as the trade […]
Canada’s Labor Market Suffers First Decline Since April
As a number of public health restrictions were tightened across Canada heading into the winter months, the country’s labour market fared poorer than expected. According to the latest data released by Statistics Canada, Canada’s employment level dropped by 0.3%, as 62,600 jobs were lost in December — 25,1000 more than economists surveyed by Bloomberg anticipated. […]
Getting An Edge In The Plant-Based Sector – The Daily Dive feat Sean Dollinger of PlantX Life
For the final episode of The Daily Dive this week, we see the brief return of Sean Dollinger, founder of PlantX Life (CSE: VEGA). Sean sits down with our host, Cassandra Leah, to discuss the plant based sector of a whole, and what is required to obtain an edge when operating within the space. PlantX […]
Canaccord Raises Greenlane Renewables Price Target To $2.75
Canaccord upgraded Greenlane Renewables (TSXV: GRN) from C$1.60 to C$2.75 and reiterated their speculative buy rating on the company earlier this week. This price target raise comes after positive sector tailwinds, with Canaccord’s analyst Yuri Lynk commenting, “We are increasing our target price to reflect the recent valuation expansion of companies in the broader sustainability […]
Boeing Agrees to $2.5 Billion Settlement Over 737 Max Fraud Charge
After a turbulent several years for Boeing, which has been riddled with scandals following two fatal 737 Max crashes, and then faced with added pressure after air travel became decimated from the pandemic, the plane manufacturer has agreed to pay $2.5 billion to settle its fraud charges. According to a Justice Department press release reviewed […]
Subversive Capital Expands Financing To US$63 Million
Subversive Capital Acquisition Corp (NEO: SVC.A.U) this morning announced the upsizing of its previously announced private placement of subscription receipts. The financing has been upsized dramatically, growing from US$36.5 million to US$63.0 million, an increase of nearly 70%. The financing will see subscription receipts of the company sold at a price of $10.00 per subscription […]
Aleafia Enters New International Supply Agreement, Initial 1,000 KG Dried Cannabis Order Placed
Aleafia Health (TSX: AH) has entered into a new three year cannabis supply agreement as of this morning. Under the agreement, the company is to provide Europe-based Apipharm Veletrgovina with dried cannabis flower grown at its Niagara greenhouse facility. As has seemingly become standard with such cannabis supply agreements, little details were provided of the […]
Xander Resources Expects To Commence Drilling At Senneville In February
Xander Resources (TSXV: XND) this morning provided an update to the market in relation to its currently planned drill program at its Val-d’Or property. The company currently anticipates getting drills first into the ground in February 2021, following COVID-19 restrictions recently put into place by the Quebec government. Drilling is to take place at the […]
Supreme Cannabis Expands International Shipments To Australia, Minimal Details Provided
Supreme Cannabis (TSX: FIRE) this morning proudly announced that it has completed its first shipment of medical cannabis to Australia, as well as its fourth shipment of medical cannabis to Israel. The problem however, is that the company still has yet to provide any sufficient details in terms of shipment sizes. The shipment of product […]