Else Nutrition To Move To Toronto Stock Exchange January 25
Two months after the announcement of conditional approval, it appears Else Nutrition (TSXV: BABY) is finally headed to the big board. The firm this morning announced that it will be up-listing to the Toronto Stock Exchange. The company is set to begin trading on the Canadian big board as of tomorrow, January 25. The firm […]
CloudMD To Conduct Review On VisionPros Purchase Following Receipt Of Claims
It appears that CloudMD’s (TSXV: DOC) $60 million acquisition of VisionPros last year is already causing the company some headache. The firm this morning indicated it has been forced to deal with certain claims related to the company. Evidently, the former management of the company elected to not pay certain suppliers in full. The firm […]
Swarmio Launches Branded Gamer Engagement Platform
Swarmio Media (CSE: SWRM) this morning announced it is stepping into the big league of gaming and esports. The firm this morning moved to transition from providing white-labelled solutions, to providing its own branded solution for the gaming space. The company this morning launched Ember, which is its proprietary gamer engagement platform. The platform is […]
O3 Mining Intersects 12.0 g/t Gold Over 8.3 Metres
O3 Mining (TSXV: OIII) this morning provided the latest assay results from its ongoing drill programs in the Val-d’Or region of Quebec. The latest results come from three drill holes at the Kappa Zone of its Alpha Project. Highlights from the drill program include: O3AL-21-380: 12.4 g/t gold over 1.9 metres O3AL-21-388: 12.0 g/t gold […]
Canadian Housing Prices Surge by the Most Since 1989
The cost of a new home rose another 0.2% between November and December, helping boost real estate prices by the most since the 1980s. New home prices continued their upward trend last month, amid diminishing inventories and strong demand among buyers. According to Statistics Canada, the price of a new home rose 10.3% compared to […]
BMO: Activision Purchase Is “A Face-Saving Exit For Embattled CEO”
On January 18th, Microsoft (NASDAQ: MSFT) announced that they would be buying Activision Blizzard (NASDAQ: ATVI), which “will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse.” The purchase price is $95 per share or roughly $69 billion, one of the largest all-cash […]
Scotiabank: Inflation is the Biggest Risk to Economies, BoC, Fed Will Aggressively Hike Rates in 2022
With prices running at historic highs in both Canada and the US, the Bank of Nova Scotia (TSX: BNS) is penciling multiple aggressive rate hikes this year in an effort to cool an economy riddled with stagflation. According to Bloomberg, which cited a report published by Scotiabank chief economist Jean-Francois Perrault on Wednesday, the Bank […]
Stellantis CEO Throws Cold Water On Investor Presumptions Of EV Adoption
Early during the week of January 17, 2022, Carlos Tavares, CEO of Stellantis N.V. (NYSE: STLA), the automotive conglomerate formed in 2021 by the merger of Fiat Chrysler Automobiles and France’s PSA Group, made some comments in an interview with a number of European newspapers that appear to throw some degree of cold water on the […]
Eldorado Gold: BMO Reiterates $20 Price Target
This week Eldorado Gold (TSX: ELD) provided full year 2022 production and cost guidance as well as a 5-year production outlook. By 2022, Eldorado expects total gold production to be 460,000 to 490,000 ounces, or about 7% higher than the prior guidance. Cash operating costs are expected to be between $640 and $690 per ounce, […]
Trucker Shortage Leading to Widespread Grocery Outages Across Canada
Grocery stores across Canada are beginning to showcase bare shelves, after a recently imposed vaccine mandate further exasperated what has been a growing trucker shortage. Since January 15, unvaccinated truck drivers from the US have been refused entry into Canada, and grocery stores across the country are beginning to feel the pressure of fruit and […]