NDP’s Jagmeet Singh Criticizes Bank Of Canada: “There’s No Merit To Their Approach”
NDP leader Jagmeet Singh is questioning the current set of anti-inflation solutions the Bank of Canada and the federal government have implemented so far. Toronto Star reports that Singh makes the case in his letter to Prime Minister Justin Trudeau for the Bank of Canada to temper its aggressive rate hikes and emphasizes that the […]
Cronos Pays OSC $1.3 Million As Penalty For Accounting Fraud, Settles SEC Charges
A Capital Markets Tribunal panel yesterday accepted a settlement agreement between the Ontario Securities Commission and Cronos Group Inc (TSX: CRON) over accounting errors that resulted in two restatements of its interim financial statements. The Canadian cannabis company paid a $1.3 million administrative penalty and an additional $40,000 towards the cost of the OSC’s investigation. […]
Economists Say Fed To Hike Rates By 75 Basis Points On November 2
Economists believe that the United States Federal Reserve will proceed with a fourth consecutive 75 basis point interest rate hike on November 2, according to a poll by Reuters. They agree that the Fed should not slow hikes until inflation falls to half of today’s 8.2%. 86 of the 90 economists surveyed from October 17 […]
Canopy Growth Creates Canopy USA To Consolidate US-Based Cannabis Assets
Canopy Growth (TSX: WEED) evidently thinks its the smartest cannabis company on the street, announcing this morning that it has found a means of accelerating its entry into the US cannabis market, despite federal legalities. The firm has established a new US-based holding company, Canopy USA, through which it will hold all of it’s US […]
Aztec Minerals Hits 0.44 g/t Gold Over 46.5 Metres At Cervantes
Aztec Minerals (TSXV: AZT) has completed its phase three drill program at the Cervantes Project, found in Sonora, Mexico. The program consisted of a total of eleven holes, drilled 2,515 metres in aggregate. In addition to completing the program, the firm this morning also released assay results on the first three holes conducted under the […]
SEC Charges Cronos Group With Accounting Fraud
Canadian cannabis company Cronos Group Inc (TSX: CRON) and its former senior executive were charged with accounting fraud for improperly reporting revenue during various quarters. The SEC on Monday announced charges against Cronos Group for violating antifraud, reporting, books and records, and internal controls security law provisions by submitting inaccurate revenue levels and goodwill impairment […]
Canada Soccer Told To Stop Selling Alphonso Davies’ Jersey
The Canadian soccer federation has been told to halt selling Alphonso Davies’ national team jersey as the governing body and the player’s agent have not come to an agreement on the right to market the player’s likeness and image. Nick Huoseh, the agent representing Davies, in late September informed Fanatics, the largest online seller of […]
Hedley Is The Government’s Fault
The five year prison sentence for sexual assault handed down by a Canadian court this past Thursday is the first legal consequences Jacob Hoggard, front man of Canadian pop-rock band Hedley, is known to have faced for various acts of sexual assault and sexual misconduct detailed in allegations that date back as far as 2005. […]
Elon Musk’s Neuralink ‘Show & Tell’ Event Moved to November 30
Billionaire Elon Musk announced on Sunday — on Twitter, of course — that Neuralink’s ‘show and tell’ event will be moved down a month to November 30. Musk did not give further details on why the event will be delayed. The event was originally scheduled to occur on October 31. Neuralink is one of Musk’s […]
Severed Submarine Fiber Cables In France Caused Global Connectivity Issues
At least three underwater fiber optic cables were severed in the south of France on Wednesday evening causing widespread Internet connectivity problems. The severed cables in the Atlantic Ocean affected Internet access in Europe, Asia, and the United States resulting from packet loss and increased latency for websites and applications crossing the impacted pathways. According […]