Canadian Consumer Prices Still Aren’t Cooling as Food, Shelter Inflation Rise
Consumer prices across Canada remained elevated in November, as core inflation fails to cool. Particularly, Canadians’ wallets continue to face unprecedented hardship when it comes to food and shelter costs. Latest data from Statistics Canada shows consumer prices rose 6.8% year-over-year last month, a slight drop from October’s 6.9% reading and above the 6.7% forecast […]
AMC Previously Held Talks To Acquire Certain Cineworld Assets
AMC Entertainment (NYSE: AMC, APE) this morning indicated within a filing that it had previously held talks to potentially acquire certain Cineworld assets. The assets were to be acquired via the Chapter 11 process that is currently being undertaken by Cineworld. The company indicated that the discussion centered around the acquisition of certain strategic theatre […]
SNDL Begins Exit Of Canadian Cannabis Retail Via Licensing Model With Nova Cannabis
SNDL (NASDAQ: SNDL) is evidently looking to gracefully exit the Canadian cannabis retail market. The firm this morning announced an arrangement with Nova Cannabis (TSX: NOVC), whom it is a majority owner of, that will see several retail-related assets transferred to the latter in exchange for a licensing deal. The transaction will see 26 cannabis […]
Will Permian Basin Quakes Lead To Higher Natural Gas Prices?
Recent heightened seismic activity in the Permian Basin gas producing region could have far-reaching implications for natural gas prices. Two recent earthquakes in regions of the Permian Basin in west Texas where hydraulic fracturing, also known as fracking, drilling methods are used to produce natural gas and oil could have far-reaching implications for North America’s […]
Democratic-Led House Committee Voted To Disclose Donald Trump’s Tax Returns
For the first time, the public gets a chance to see the tax returns of former US President Donald Trump after the Democratic-led House Ways and Means Committee approved a motion to release said documents. The committee decided 24-16 to release the returns, with Democrats voting in favor and Republicans voting against. The returns, spanning […]
Elon Musk Will Resign After He Finds “Someone Foolish Enough” To Head Twitter
Twitter chief Elon Musk declared that he would step down after losing his own poll posted two days ago. However, he will resign on one condition: as soon as he finds “someone foolish enough to take the job.” After that, he added that he will just “run the software & servers teams” which essentially is […]
Cannabis Banking Reform Fails At Last-Ditch Effort In Congress
The cannabis industry’s Secure and Fair Enforcement (SAFE) Banking Act failed to get attached to a year-end funding package in congress this week, following objections from Republicans. This failure marks what could be the end of the line for the proposed legislation when the Republicans take over the House next month. The SAFE Banking Act […]
Canadian Government Extends EI Sickness Benefits to 26 Weeks
Canadians suffering from injuries or illnesses will now receive EI sickness benefits for a lot longer. Canada’s Minister of Employment, Workforce Development and Disability Inclusion Carla Qualtrough last week announced a permanent change to EI sickness benefits, increasing them from 15 weeks to 26 weeks effective December 18. The move will give “workers the time and […]
Canada Will Seek Forfeiture Of Roman Abramovich’s Sanctioned Assets
The Canadian government has announced plans to seize US$26 million in sanctioned assets from Russian oligarch Roman Abramovich. The assets, held by Granite Capital Holdings Ltd., a company owned by Abramovich, will be forfeited through a court order. If successful, the proceeds will be used to help reconstruct Ukraine and compensate victims of the Putin […]
For The ‘Gram: Salt Bae Grabs Lionel Messi And The FIFA World Cup Trophy
Football fans are feeling salty about Turkish chef and restauranteur Nusret Gökçe aka Salt Bae who inserted himself into Argentina’s World Cup win in Qatar on Sunday for a few snaps. While Lionel Messi and his team were celebrating on the pitch after a dramatic win against France, the celebrity chef was seen grabbing Messi’s […]