Macklem Is Now Realizing That Immigration Adds To Inflation
As expected, the Bank of Canada (BOC) raised its overnight rate by another 25 basis points, bringing the cost of borrowing to 5%. But the central bank governor has outlined a series of economic factors, including immigration, that may have disrupted the agency’s expectations into how long the heating inflation will last. In a press […]
MyPillow Reshuffles Operations and Auctions Equipment Following Retailer Backlash
In response to widespread backlash from major retailers, MyPillow has made significant changes to its operations, including the auctioning of surplus equipment and the subleasing of manufacturing space. Founder and CEO Mike Lindell recently listed over 850 surplus equipment items on the popular online auction site K-Bid. Among the items up for auction are sewing […]
US Airfare Prices Are Down as Jet Fuel Prices Drop
Airfare prices in the United States experienced a significant decline in June, marking the third consecutive monthly drop and the largest decrease since July of the previous year, as reported by the US Bureau of Labor Statistics. The decrease, which reached 8.1%, was the second-largest monthly decline since April 2020 when the airline industry suffered […]
BC Dock Workers’ Strike Ends, Canada’s Pacific Ports Resume Operations
A 13-day strike that disrupted trade operations at Canada’s busiest ports and raised concerns of worsening inflation has ended after dock workers and their employers accepted a wage deal. The British Columbia Maritime Employers Association (BCMEA) and the International Longshore and Warehouse Union (ILWU) Canada reached a tentative agreement on a four-year contract on Tuesday, […]
BC Port Workers Strike Expected To Affect Supply Chain For Months, Claims Canfor Pulp As First Victim
Canfor Pulp Products Inc. (TSX: CFX) has announced the temporary closure of its Northwood Pulp Mill in Prince George, effective July 13, 2023, a result of limited storage capacity for pulp products, which cannot be shipped overseas due to the labor dispute at B.C. ports. The shutdown is expected to remain in place until the […]
Surprised? Twitter Blocks Links to Threads While Reports Say Traffic Is Down
Twitter, under the leadership of new CEO Linda Yaccarino, is facing accusations of selectively blocking links to the website of its competitor, Meta’s Threads. Reports have surfaced claiming that Twitter is intentionally blocking access to Threads.net’s website in Twitter searches. Users on Twitter have seen the change particularly when using the search operator “url:threads.net,” which […]
Copper Road: High-Grade Near-Surface Copper Deposits In Batchewana Bay
FULL DISCLOSURE: This is sponsored content for Copper Road Resources. John Timmons, President and CEO of Copper Road Resources (TSXV: CRD), joins us this afternoon to share his take on President Biden’s plan to invest in electric vehicles and what it means for the copper market and to discuss China’s role in the copper market. […]
Glencore and Stellantis Back $1B SPAC Deal for Nickel and Copper Mines in Brazil
Global mining company Glencore, automaker Stellantis, and Volkswagen’s battery unit PowerCo are supporting a $1 billion acquisition by SPAC fund ACG Acquisition Company (LON: ACG) to purchase two Brazilian mines. ACG will acquire the Santa Rita nickel sulfide and Serrote copper mines from private equity funds with the help of Appian Capital. After the purchase, […]
Look: List Of Companies Where Saudi Arabia’s Sovereign Fund Is Invested
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has emerged as a significant player in both public and private markets in the United States. Unlike many U.S. funds, the PIF is not obligated to disclose its specific holdings in these markets. However, new information recently came to light during the PGA-LIV merger hearings, […]
Matt Gaetz Thinks NATO Would Do Better Having Russia As A Member
Republican Representative Matt Gaetz is back stirring controversy by suggesting that NATO should consider Russia as a member instead of Ukraine. The remarks, which Gaetz delivered on the show “Eric Bolling The Balance” on Newsmax, were made as the NATO summit was happening in Vilnius, Lithuania, where members of the alliance decided to not give […]