General Motors Confirms Plans to Produce All-Electric Silverado Pickup Truck
Several months after unveiling a new all-electric Hummer, General Motors this week confirmed production plans for an all-electric version of its popular Chevrolet Silverado pickup truck, which will be manufactured at the company’s new flagship assembly plant. The new electric Silverado pickup is part of a $2.2 billion investment in GM’s new 4.5 million square-foot […]
Organigram: Consensus Analyst Estimates For Q2 2021
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) will be reporting their fiscal second quarter on April 13th before the market open. Analysts have a consensus C$4.14 12-month price target on the company, via a total of 14 analysts, with two analysts having strong buy ratings. Two analysts meanwhile have buy ratings, nine have hold ratings and […]
Canada’s Surging Housing Market Continues to Push Consumer Confidence to Record-High
For the third straight week, consumer confidence among Canadians soared to a record-high, as sentiment surrounding the country’s hot housing market continues to accelerate. The latest Bloomberg Nanos Canadian Confidence Index reading for the week ending on April 2 registered at 64.13— the highest reading on record. The index has risen by nearly 8 points […]
Canada Records Second Straight Monthly Trade Surplus
For the second month in a row, Canada recorded a positive trade balance, as merchandise exports continue to outweigh imports. In February, Canada’s trade surplus slightly fell to $1 billion, following a downward revised $1.2 billion surplus in the month before. This is the first time that Canada had a positive trade balance for two […]
AbraSilver Resource: Constructive Assays on Argentina Project; Strong Balance Sheet
On April 6, AbraSilver Resource Corp. (TSXV: ABRA) reported constructive, high-grade assay results from two diamond drill holes at the Oculto deposit on its 100%-owned Diablillos property in the Salta Province of Argentina. The Oculto deposit is a high-sulfidation, epithermal gold deposit. Specifically, one of the holes intersected a 36-meter segment with a silver-equivalent (AgEq) content […]
Biden’s Corporate Tax Hike Could Eliminate Millions of US Jobs
Although Biden’s proposed ambitious corporate tax plans will increase government revenue and reduce the incentive for corporate evasion havens, they could simultaneously kill millions of American jobs and significantly reduce GDP levels. According to a recent study conducted by Rice University economists for the US National Association of Manufacturers, the US stands to lose about […]
Canada’s Unemployment Rate Fell to 7.5% in March as Economic Recovery Gains Momentum
Canada’s labour market exceeded expectations for a second month in a row as the economy added 303,100 jobs in March, fuelling further prospects of a strong economic recovery. According to the latest Labour Force Survey published by Statistics Canada, the country’s unemployment rate dropped 0.7% to 7.5% in March, after the economy added another 303,100 […]
Pure Extracts: The Michigan Expansion – The Daily Dive
For the final episode of this week of The Daily Dive, we are joined by Ben Nikolaevsky, CEO of Pure Extracts (CSE: PULL). Ben joins us this afternoon to discuss Pure’s announcement on Thursday, wherein they revealed they have entered into the US market via an LOI for a joint venture agreement in Michigan. The […]
Curaleaf: The Analyst Take On The European Expansion
On April 7th, Curaleaf Holdings (CSE: CURA) announced that they completed $312 million acquisition of related party European company EMMAC Life Sciences, and subsequently they sold 31.5% of the company off to a single institutional investor for U$130 million. This money will be used to pay the $50 million cash tender while the rest of […]
Global Air Passenger Traffic Continues to Decline Amid Tightened Travel Restrictions
The demand for air travel continues to plunge even further despite being a year into the pandemic, as numerous countries tighten Covid-19 restrictions amid surging infections. According to the International Air Transport Association (IATA), international air passenger demand fell by 88.7% in February compared to pre-pandemic levels recorded a year earlier. This marks a further […]