Justin Trudeau Clings to Power: Liberals and NDP Form Alliance to Keep Trudeau Government in Office Until 2025
Prime Minister Justin Trudeau formed an unconventional alliance with the opposition NDP, In yet another instance of what is perhaps gradual political overreach that will keep the Liberal party in office until 2025. Despite growing discontent for Justin Trudeau’s Liberal party both at home and abroad, the prime minister on Tuesday surprisingly announced he has […]
Anson Funds Reportedly Subpoenaed By DOJ In Relation To Short Selling Probe
It’s being reported this morning that Anson Funds has been subpoenaed by the Department of Justice. The subpoena is said to be in relation to an ongoing short selling probe being conducted against a swath of short sellers in the space. The investigation against short sellers has been ongoing for ell over a year, with […]
NIO Eyes First Annual Profit In 2024 Following 2021 Earnings Release
NIO Inc. (NYSE: NIO) reported on Thursday post-closing its financial results for Q4 and full-year 2021. The financials highlighted a quarterly revenue of US$1.55 billion, an increase from Q3 2021’s revenue of US$1.54 billion and Q4 2020’s revenue of US$1.04 Billion. Down the line, the company incurred a quarterly net loss of US$336.4 million compared […]
Eve & Co Files For Creditor Protection
And another one bites the dust. The Canadian cannabis industry continues to see public firms burn out amid a time when capital has all but stopped flowing to the sector. Eve & Co (TSXV: EVE) is the latest such firm to burn out, announcing this morning it has filed for creditor protection in Canada. The […]
Emerita Resources Sees Criminal Case Related To Aznalcollar Proceed
Emerita Resources (TSXV: EMO) continues to see the court case related to its potential Aznalcollar property proceed in its favour. The firm this morning announced that the final phase of the criminal trial related to the property is to be heard shortly. The final phase of the criminal trial is said to consist of sentencing […]
Wildpack Replaces Financing Terms Again, Now Looks To Raise $5.0 Million
Wildpack Beverage (TSXV: CANS) is evidently in need of further funds. The company last night revealed it will be conducting an overnight marketed public offering of convertible debenture units, in what has become an absolute debacle of a financing. The company intends to raise gross proceeds of up to $5.0 million under the offering. Debentures […]
NG Energy Reports Best Estimate Prospective Resources Of 201.1 Million Barrels Of Light Crude Oil At Sinu-9
NG Energy International (TSXV: GASX) investors received a surprise news release last night, with the company revealing that there is a prospective resource on the Sinu 9 Block – and not for natural gas. As it turns out, in addition to gas, light crude oil is present on the property. Found within the Sinu San […]
Dollarama: Canaccord Lifts Price Target To $65, Expects Strong Q4 Results
Dollarama Inc (TSX: DOL) is scheduled to report its fourth-quarter financial results on March 30th before the market opens. The consensus estimate for revenue for the fourth quarter is C$1.23 billion, which would put their full-year revenues at C$4.34 billion. Analysts expect the company to see its gross margins slip a bit to 43.78%, while […]
Stephen Wilhite, Creator Of The GIF, Has Died
Stephen Wilhite, creator of the Graphic Interchange Format or GIF, passed away on March 14 following complications from COVID. He was 74. Wilhite invented the GIF in 1987 while he was working for CompuServe, the US’ first major online service. It was created as a way to share “high-quality, high-resolution graphics” in color back when […]
US To Impose Sanctions On Russia’s Lower House, Block Gold-Related Transactions With Central Bank
The US is pushing up the ante on its sanctions against Russia related to the latter’s invasion of Ukraine. In a communique released today by the US Treasury, the department said its Office of Foreign Assets Control (OFAC) is designating Moscow’s lower house, a key financial sector CEO, and 48 firms as “key enablers of the […]