Stifel: “A Lot Continues To Go Right For Eguana”
On March 1st, Eguana Tech (TSXV: EGT) reported its first fiscal quarter of 2022. The company announced revenues of $1.3 million, down from $2.3 million a year ago. They note that this decline is due to a global resin shortage that is impacting their ability to complete production. Additionally, the company saw its gross margins […]
US Unemployment Rate Falls to 3.8%, Wage Growth Stagnates
The US labour market continued to show signs of strengthening, as nonfarm payrolls substantially surpassed expectations in February. However, stagnating wage growth against a backdrop of surging inflation provides even stronger incentive for the Federal Reserve to begin raising interest rates this month. According to latest data from the Bureau of Labour Statistics, nonfarm payrolls […]
BMO: Kinross Gold’s Russian Operations Expected To Be Closed Until At Least September
On March 2nd, Kinross Gold Corporation (TSX: K) announced the suspension of its Russian operations. The company said that it will be suspending all its activities at its Udinsk development project as well as its operations at its Kupol mine. They say that the company “is deeply concerned about the loss of life and destruction […]
Elon Musk Calls For Increasing Domestic Oil And Gas Output Immediately
The oil and gas sector has found an unlikely ally as of last night. In a surprise turn of events, Elon Musk, whom is known for being one of the driving forces behind renewable energy and the electrification of vehicles, has voiced support for the further development of the oil and gas sector. In a […]
The Canada Pension Plan’s Russian Assets Are Top Secret
The carnage in Russian equities continued Wednesday, as the market felt its way through the emerging economic warfare between Russia and the West. Sanctions by the G7 nations have so far focused on the foreign-held assets of Russian nationals, and on the ability of Russian institutions to do business with the rest of the world. […]
RT America Ceases Production, Lays off Staff
RT News is halting all production in America and laying off the majority of its staff, due to unexpected business disruptions. T&R Productions, the production company behind the Kremlin-funded network told staff on Thursday that it will be ceasing production of RT America, and laying off nearly all staff due to “unforeseen business interruption events.” […]
Russian NHL Star Alex Ovechkin Dropped by Multiple Sponsors
Washington Capitals forward Alexander Ovechkin, who’s a known supporter of Russian President Vladimir Putin, has been dropped by hockey equipment giant CCM Hockey as MassMutual halts the airing of a commercial featuring the athlete. According to a statement to TSN, CCM chief executive Marrouane Nabih said that while Ovechkin is “not responsible” for the Russian […]
Russia Bans Major Media Sites Including Facebook, Twitter
Russia’s media regulator Roskomnadzor cut access to various independent media sites on Thursday, in a broader effort to limit the stream of Western information amid the ongoing Ukraine invasion. According to web monitor group GlobalCheck, Roskomnadzor, or Federal Service for Supervision, has allegedly blocked the country’s access to various Western social media and news sites […]
Janet Yellen Monitoring Whether Russians are Evading Sanctions Via Cryptocurrencies
US Treasury Secretary Janet Yellen said the government is actively monitoring whether or not Russian officials and institutions are reverting to cryptocurrency markets to evade recently imposed Western and European sanctions. “We will continue to look at how the sanctions work and evaluate whether or not there are leakages, and we have the possibility to […]
CPC Savanna Capital Inks Definitive Merger Agreement With San Luis ON
Capital pool company Savanna Capital Corp. (TSXV: SAC.P) announced today the definitive agreement of the proposed business combination with 1000090242 Ontario Inc., dba as San Luis ON. The latter holds 100% ownership of the silver-copper San Luis property in Mexico The mostly share-based transaction will see San Luis’s outstanding common shares be exchanged for the […]