Canadian Home Sales Soared to New Record in January
Real estate activity across Canada does not appear to be slowing down in the new year, as national home sales increased by 2% since December, setting a new record in January. According to the Canadian Real Estate Association (CREA), non-seasonally adjusted sales activity rose by 35.2% on a year-over-year basis. For the seventh consecutive month, […]
Harborside Closes $35.1 Million Private Placement
Harborside Inc (CSE: HBOR) this morning announced the closing of its upsized private placement. The placement, originally pegged at $20.0 million, and then subsequently increased to $27.0 million, has now closed out after raising gross proceeds of $35.1 million. The financing saw units of the company sold at a price of $2.55 per subordinate voting […]
US Jobless Claims Unexpectedly Jump Higher
Despite an unprecedented level of monetary stimulus injected into the US economy, it appears that the labour market has yet to show significant improvement, with over 18 million Americans still collecting some form of employment insurance. The latest Department of Labour data shows that the number of Americans filing for first time jobless claims soared […]
Trans Canada Gold Begins Permitting Process At Flagship Ontario Gold Property
Trans Canada Gold (TSXV: TTG) continues to plug along with the development of its project located near Dryden, Ontario. The company today announced that it has appointed Rimini Exploration & Consulting as a consultant. Rimini will be tasked with initial permitting and aboriginal consultant services for Trans Canada’s flagship Dinorwic Gold property near Dryden, Ontario. […]
Small Caps: Businesses Reliant On Physical Economy To Continue To Struggle – The Daily Dive
Today on the Daily Dive, we sit down with Will Rhind, whom is currently the founder and CEO of GraniteShares. Will sits down with host Cassandra Leah to discuss his take on small cap equities, the likelihood of inflation and the resulting reaction from the Fed, the search for yield, ETF’s and more. GraniteShares is […]
DBRS Morningstar: 2020 Corporate Downgrade Ratio Worst Since 2008 Financial Crisis
Numerous corporations around the world found themselves the subject of significant credit downgrades in 2020, as the economic impact of the pandemic become more severe. According to DBRS Morningstar, the world’s fourth largest credit ratings agency, the downgrade-to-upgrade ratio soared to 4.67x in 2020, significantly outpacing the 2008 measure of 3.08x in 2008, and nearly […]
Ford Investing $1 Billion In Europe To Go Fully Electric By 2030
Ford has become the latest major automaker to make a significant transition towards EV production, and will stop selling any form of its internal combustion engines across Europe by 2030. On Wednesday, Ford announced that it will convert all of its passenger vehicle models in Europe to fully electric by 2030, and will spend $1 […]
The Wisdom Of The Crowds
“What makes a story stock, Mr. Lebowski?” “…” “Is it being able to stay in the spotlight, no matter how the news landscape shifts?” “Mmm… that and a few rocket emojis.” “Joking. But… perhaps you’re right.” I once met Karl Rove in an airport Even in terms of regional airports, the airport in Austin, Texas […]
EarthRenew Increases Proposed Acquisition Of Replenish Nutrients To 100% Stake
EarthRenew Inc (CSE: ERTH) this morning announced that it has renegotiated the acquisition of Replenish Nutrients Inc. Originally set to take a 38% stake in the company, after further discussions the firm has entered into a new non-binding letter of intent to acquire a 100% stake in the regenerative fertilize and nutrient company. Based in […]
Auxly Announces Focus On Dried Flower Products
Auxly Cannabis (TSXV: XLY) appears to be working backwards when it comes to product offerings. The company this morning announced a “strategic expansion” into the dried flower segment of the Canadian recreational cannabis landscape, also referred to as Cannabis 1.0. The company this morning released its “three pronged strategy” for entering the market, despite already […]