Is The Interest Rate NOT High Enough? – With Jim McFadden, CFA
Joining SmallCapSteve today is Deep Dive contributor Jim McFadden, CFA. Jim takes us through the Taylor Rule to break down the case for the rate to be much higher than the current rate to tame inflation. Jim also gives us his analysis of the EV sector, and we close the interview with a discussion of […]
BMO: Bank of Canada Could Hike Rates as High as 6% to Tame Inflation
The Bank of Canada’s surprise colossal 100 basis-point rate hike signalled that inflation has become entrenched and that policy makers are still behind the curve when it comes to taming runaway prices. However, it appears that the central bank is far from finished when it comes to tightening: according to BMO, the overnight rate could […]
Doomsday Averted… For Now: Russia Signals Restarting Nord Stream 1 On Schedule But Putin Warns Tighter Flow
Key European state clients dependent on their natural gas consumption from the Nord Stream 1 pipeline have seemingly averted the feared doomsday temporarily. Russia is reportedly ready to restart the gas pipeline on July 21 after its 10-day scheduled shutdown for maintenance. According to information intimated by sources familiar with the export plans to Reuters, […]
Rockland Resources Expands Lithium Butte Property To 10,670 Acres
Rockland Resources (CSE: RKL) this morning indicated that it has already expanded upon a recently acquired property in Utah. The property, referred to as the Lithium Butte property, is now close to nine times bigger than what was originally staked. In total, Rockland has acquired an additional 464 lode claims for the property, which is […]
Consumer Prices Continue to Rise in Canada as Inflation Becomes Entrenched
Canadians continue to pay more for goods and services with each passing month, even as the Bank of Canada embarks on one of the most hawkish tightening cycles since the 1990s. Latest data from Statistics Canada shows that prices rose 8.1% year-over-year in June, following an increase of 7.7% in the prior month. The jump […]
Canada Nickel Suggests Its Flagship Mine Could Produce 710,000 Tonnes Of CO2 Carbon Credits Annually
Canada Nickel (TSXV: CNC) believes it has found a way to produce carbon-free nickel, cobalt and iron at its flagship Crawford project in Timmins, Ontario. Referred to as In Process Tailings Carbonation, or IPT Carbonation for short, the tech is said to be a “new method of accelerated carbon capture.” The company is claiming that […]
MustGrow Enters Exclusive Marketing And Distribution Agreement With NexusBioAg
MustGrow Biologics (CSE: MGRO) has seen further validation of its tech this morning, with the announcement of an expansion of an arrangement with NexusBioAg, a subsidiary of Univar Solutions. The two firms have reached a marketing and distribution arrangement within Canada for MustGrow’s TerraMG product. The arrangement follows field trials conducted last year for MustGrow’s […]
Valens: Canaccord Cuts Price Target To $4.00 Due To Tapered Growth
On July 13, The Valens Company Inc. (TSX: VLNS) reported its second quarter financial results for the period ending May 31. The company said it grew revenue 3.5% sequentially to $24 million. For the segments, the company saw its Canadian recreational sales drop by 15% to $9.8 million, while their Green Roads acquisition saw its […]
Jim Cramer Loses It Over Meme Traders After One Questions His Legitimacy
Is it entertainment or is it real advice? A retail trader might have pushed Jim Cramer a little too close to an existential crisis earlier today. The trader, who goes by TDog AMC, pointed out that the host of CNBC’s Mad Money does not have any financial license, and is only talking about stocks on […]
Coinbase: Trading Volume Estimates Point To Weak Q2 Earnings
Last week, analysts at Mizuho estimated that the trading volume on Coinbase Global, Inc.’s (NASDAQ: COIN) platform have fallen to about US$1.2 billion a day from a peak of nearly US$7 billion in November. Furthermore, the brokerage firm believes that Coinbase transactions represent only 2.9% of global cryptocurrency trading volume in July, down from 5.3% in 1Q 2022 […]