Saturday, July 5, 2025

Canadians Need to Make $220K to Afford a Home in Toronto, Vancouver

Canadians looking to buy a home in major cities like Toronto and Vancouver will now need to make over $200,000, as rising interest rates and elevated real estate prices take an aggressive bite out of pocketbooks. According to data collected between March and June 2022 and analyzed by Ratehub.com, a potential homebuyer looking to buy […]

Internet Prices In Canada Are Rising As CRTC Ruling Reversal Favors Big Telcos

A price comparison report shows that Canadian high-speed internet prices are among the highest in the world, and that they have been going up since 2019 after the Canadian Radio-television and Telecommunications Commission (CRTC) reversed a ruling on the wholesale rates. The report, prepared by Wall Communications Inc and published by the federal government, measures […]

Ukraine’s Upcoming Debt Payments Extended to 2023 as Russian War Devastates Economy

It appears that Ukraine’s pleas for debt deferral have been answered, after a group of western creditors agreed to extend the country’s upcoming bond payments to the end of 2023. With Russia’s invasion leaving Ukraine’s economy in shambles, international creditors, including Canada, the US, Britain, France, Germany, and Japan announced they will extend Kyiv’s $20 […]

Crypto Court Cases Ramp Up The Risk For Digital Currency Trading Platforms Like Coinbase

It seems easy to dismiss the significance of a cryptocurrency insider trading case that the U.S. Attorney for the Southern District of New York brought on July 21 against a former Coinbase Global, Inc. (NASDAQ: COIN) manager and two others. After all, the action was brought against individuals, not against Coinbase. However, a parallel civil suit brought by […]

Block: Canaccord Cuts Target To $150 Amid Market Downturn

Earlier this week Canaccord Genuity Capital Markets’ slashed their 12-month price target on Block Inc (NYSE: SQ) while reiterating their buy rating. They cut their 12-month price target from $210 to $150. This comes after several other analysts cut their 12-month price targets, bringing the average down from $146.50 to $129.34. Block currently has 50 […]

ECB Unexpectedly Delivers 50 Basis-Point Rate Hike as Inflation Runs Amok

The European Central Bank yesterday delivered an unexpected rate hike of 50 basis points, marking the first time policy makers raised borrowing costs in over a decade as inflationary pressures become rampant and imbedded across the eurozone. Markets and economists alike were anticipating an increase of 25 basis points, but instead the ECB signalled that […]

Coinbase Made History With America’s First-Ever Cryptocurrency Insider Trading Scheme

A former employee of Coinbase Global (Nasdaq: COIN) has been indicted by the United States Attorney’s office for the Southern District of New York for allegedly committing insider trading in cryptocurrency assets during his stint at the firm. This marks the country’s first-ever scheme of this nature that’s headed to court. The legal action is based on […]

“Thanks, Elon Musk!” Twitter Misses Revenue Estimate, Records Net Loss In Q2 2022

Twitter (NYSE: TWTR) reported today its Q2 2022 financials, highlighting US$1.18 billion in quarterly revenue. This is a decline from Q1 2022’s US$1.20 billion and Q2 2021’s US$1.19 billion. The topline figure is also far down from the street estimate of US$1.31 billion, even lower than the lowest estimate of US$1.22 billion. The reason for […]

Snap Sees Consensus Target Slammed Down To $20 Following Q2 Results

Snap Inc. (NYSE: SNAP) this morning reported its second quarter financial results. The company announced that revenues grew only 13% on a year-over-year basis to $1.11 billion, while all other underlying results deteriorated on a year-over-year basis. The company reported an operating loss of $400.9 million, doubling the loss from last year, while net losses […]

NG Energy: Canaccord Initiates Coverage With $1.40 Price Target

Last week Canaccord Genuity Capital Markets’ initiated coverage on NG Energy (TSXV: GASX) with a speculative buy rating and a C$1.40 price target, representing an upside of 40%. Canaccord becomes the second shop to provide coverage on NG Energy, the other being Beacon Securities with a C$2.80 12-month price target. First, Canaccord says that the […]