Lamborghini to Spend $1.8 Billion Electrifying Its Supercars
Supercar maker Lamborghini is the latest auto company to make the switch from combustion engines to electric. Lamborghini, which is owned by Volkswagen AG, revealed on Tuesday that it will begin offering a plug-in hybrid version of its entire supercar lineup by 2024. The carmaker is also expected to launch its very first fully-electric vehicle […]
Uranium Royalty Corp: Canaccord Lifts Price Target To $4.25
Uranium Royalty Corp (TSXV: URC) recently closed their C$37 million financing, allowing Canaccord Genuity to upgrade their price target from C$3.15 to C$4.25 while reiterating their Speculative Buy rating. The company only has three analysts who cover the name, with a weighted 12-month price target of $4.20, a 9% upside. Two analysts have strong buy […]
Canadian Consumer Prices are the Highest in a Decade… But It’s Just Transitory
Did you feel that your pocketbook was a lot emptier last month after paying for gasoline, shelter, groceries and, well, pretty much everything else? That is because it was, as consumer prices skyrocketed by the most in over a decade, further fuelling concerns that inflation is no longer just transitory, but persistent. On Wednesday, Statistics […]
Canadian Consumer Confidence Jumps to Record-High Amid Strong Vaccine Rollout
Consumer confidence appears to be accelerating across Canada, amid the ongoing vaccine rollout that is seeing more and more Canadians getting inoculated against Covid-19. According to the latest Bloomberg Nanos consumer confidence survey, about 45% of Canadians polled anticipate that the economy will be stronger over the next six months, marking the highest reading since […]
Fisker Announces Partnership With Foxconn, To Produce New Low-Priced Electric Vehicle
On May 14, Fisker Inc. (NYSE: FSR) announced it has partnered with Taiwan-based Hon Hai Technology Group — better known as Foxconn, the main assembler of Apple’s iPhones — to develop and manufacture Project PEAR (Personal Electric Automotive Revolution). According to Fisker, Project PEAR will be a new “breakthrough electric vehicle.” The PEAR will be Fisker’s second […]
Justin Trudeau Tightens Mortgage Rules After BoC Warns of Housing Risks
Canada’s federal government has decided to intervene in the country’s red-hot housing market, shortly after the Bank of Canada warned of imminent household debt risks amid surging real estate prices. On Thursday afternoon, Prime Minister Justin Trudeau raised the benchmark interest rate that sets the criteria for whether or not potential homebuyers qualify for an […]
Grande Portage Upsizes Financing To $3.25 Million
Grande Portage Resources (TSXV: GPG) this evening announced that it has upsized its previously announced equity financing being lead by Crescat Capital. The financing was upsized due to strong investor demand following the initial announcement. Under the terms of the new financing, the size of funding is to increase from $2.5 million to that of […]
Xebec Adsorption Sees BMO Initiate Coverage With $5.60 Price Target
Xebex Adsorption (TSX: XBC) is up almost 9% to $4.74 in early morning trade after BMO Capital Markets initiated coverage with a C$5.60 price target and Outperform rating, calling Xebec a “show me story”. The company has had a fall from grace as its stock price dropped from its all-time high price of $11.55, a […]
Ford, SK Innovation Enter Joint Venture To Build Two Electric Vehicle Battery Factories
Ford Motor Company (NYSE: F) and South Korean battery maker SK Innovation (KRX: 096770) announced Thursday a joint venture to build two electric vehicle battery factories in North America. The announcement comes on the heels of the unveiling of Ford’s all-electric pickup F-150 Lightning. The venture, called BlueOvalSK, aims to make batteries for approximately 600,000 […]
Crypto: How Lending Against Digital Currency Works – The Daily Dive ft Waseem Shabout
For the final episode of The Daily Dive for the trading week, we sit down with Waseem Shabout, whom is Strategy at Celsius Network. Waseem joins us this afternoon to walk us through Celsius, a financial services provider for crypto currency holders. Waseem walks our host through how revenue is generated, how users can earn […]