Canadian Food Prices Significantly Higher Than Official Figures as Shrinkflation Becomes More Widespread
Food costs across Canada have risen substantially since the beginning of the pandemic, but a recent study found that prices are actually significantly higher than what official figures estimate. According to latest data from Statistics Canada, annual food inflation sat at 2.7% in August, up from July’s 1.7%. However, a recent study from the Agri-Food […]
Nuvei: Canaccord Lifts Price Target To US$140
On September 23, Nuvei Corporation (TSX: NVEI) announced that they have partnered with U.S internet gaming operators to provide their customers with verified withdrawals. Nuvei says, “Verified, instant withdrawals offer an enhanced user experience and are available to operators through Nuvei’s Instant Bank Transfer technology.” Nuvei currently has 12 analysts covering the stock with an […]
The US Will NOT Default on Its $29 Trillion Debt Pile Despite Janet Yellen’s Theatrics
Treasury Secretary Janet Yellen reiterated her warning that the US will run out of money by October 18, urging Congress to raise the debt ceiling before the Treasury’s “extraordinary measures” are completely exhausted. In yet another letter addressed to House Speaker Nancy Pelosi and seen by Bloomberg, Yellen said that America will default on its […]
Inca One: Growth Continues For This Gold Processor – The Daily Dive
Joining us again on The Daily Dive is Edward Kelly, CEO of Inca One Gold Corp (TSXV: INCA). Ed joins us to discuss gold from a producer’s standpoint as he talks about his take on inflation and its correlation to gold. He also shares the outlook of the market following the Evergrande and energy crises, […]
Hut 8: Canaccord Initiates Coverage With US$12 Price Target
On September 23, Canaccord initiated coverage on Hut 8 Mining (TSX: HUT) with a US$12 price target and buy rating, saying with power costs coming down and hash rates increasing, the then-current BTC spot rate would be driving solid EBITDA margins. Canaccord becomes the third sell-side bank to initiate coverage on the stock, it also […]
Evergrande Fails to Make a $45.2M Interest Payment on Second Offshore Bond
Heavily-indebted Evergrande has once again failed to make an interest payment on an offshore bond, this time to the tune of US$45.2 million. The property developer did, however, come to an agreement with a Chinese bank to sell its 20% stake, which sent Evergrande’s otherwise worthless stock up from last week’s catastrophic lows. As of […]
Tilray: Haywood Expects Canadian Market Share To Drop In First Quarter
Tilray Inc (TSX: TLRY) (NASDAQ: TLRY) announced that they would be reporting their Fiscal first-quarter results of 2021 on October 7th, this will be for the period ending August 31st. Ahead of this date, Haywood released a note outlining their estimates and gave a general preview. Tilray currently has 20 analysts covering the stock with […]
Natural Gas Futures Recede From Highs Amid Seasonally Warm Temperature Forecasts
Natural gas futures in the US slumped from their soaring highs on Wednesday, after weather forecasts predicted above-seasonal warm temperatures for the next two weeks. Natural gas futures for November delivery fell to $5.45 per million Btu at the time of writing, marking a modest decline from Monday’s high of nearly $6 per million Btu. […]
Xebec Sells Two Hydrogen Units, Financial Details Not Provided
Xebec Adsorption (TSX: XBC) this morning had a brief news release, wherein they identified they have sold two more of its hydrogen production devices. The devices were sold to a flat steel producer based in Turkey, whom will use the hydrogen in their manufacturing processes. The two units sold to the producer reportedly have a […]
Prime Meridian Announces Initial Work Program At Kelly Project
As a follow-on to the news announced earlier this week, Prime Meridian Resources (TSXV: PMR) this morning revealed a development at its Kelly PGM-Copper-Nickel property. The firm has already begun exploration of the recently expanded property, beginning with an airborne geophysical survey. Located just twenty kilometres to the east of the crowded Sudbury Basin in […]