Hexo Shareholders Approve Tilray Buyout, Company Loses $117 Million In Fiscal Q3
Hexo Corp (TSX: HEXO) shareholders have formally approved the proposed acquisition by Tilray Brands (TSX: TLRY). The approval was granted yesterday at the firms special meeting of shareholders. The transaction brings to an end the story of yet another cannabis company in the Canadian landscape as consolidation continues in an effort to achieve profitability. The […]
Power Nickel Intercepts 32 Metres of 0.60% Nickel
The final drill results are in for the most recent exploration program conducted at the Nisk nickel-copper project operated by Power Nickel (TSXV: PNPN). Results from a total of eight holes were released this morning.
CIBC Begins Increasing Interest Rates for Unsecured Lines of Credit
CIBC has started sending notices to its customers that it will be increasing its interest rates for personal lines of credit (PLC). The increases vary depending on the account, but some have seen a hike of up to four percentage points on top of the bank’s prime rate. CIBC’s current prime rate was raised from […]
What’s New? Higher-Volume Tesla Semi Production Pushed Back To End Of 2024
Tesla (Nasdaq: TSLA) CEO Elon Musk announced that the company’s new electric semi truck will not enter high-volume production until the end of next year due to constraints in battery supply. Despite announcing the start of deliveries of the trucks at the end of last year, the production volume has been limited. Pepsi received the […]
US Rent Growth Slows, Providing Relief for Millions of Renters
Apartment rental price growth is experiencing a significant decline, leading to a shift in the rental market in favor of tenants. The average of six national rental-price measures, which includes data from rental-listing and property data companies, indicates that new-lease asking rents have risen by just under 2% over the 12 months ending in May. This […]
OSFI Urges Action On Canadian Mortgage Extensions Before It Becomes “Unmanageable”
Canada’s financial regulator has sounded the alarm on the mounting risks associated with mortgage extensions, urging lenders to take immediate action. Following a surprise rate hike by the Bank of Canada, many borrowers are grappling with increased mortgage costs, necessitating swift measures from financial institutions. The Office of the Superintendent of Financial Institutions (OSFI) emphasized […]
Twitter Uses DM Restrictions to Push People to Pay For Twitter Blue
Twitter is implementing new restrictions in a fresh attempt to force people into paying for verification through a Twitter Blue subscription. The new restriction targets direct messages (DMs), reportedly lowering the limit of the total number of DMs an unverified account can send from the current limit of 500. According to some unconfirmed reports, the […]
Screen to Table: Netflix to Open A Restaurant in LA
Netflix (Nasdaq: NFLX) is set to launch its first-ever culinary space, Netflix Bites, offering fans of food shows a unique dining experience. The limited-time pop-up restaurant aims to bring dishes featured in popular Netflix shows to life. Opening its doors for two weeks beginning on June 30 in Los Angeles, Netflix Bites’ lineup includes culinary […]
Jerome Powell Pauses Rate Hike Cycle
As was widely forecast by markets, Fed Chair Jerome Powell finally paused the central bank’s aggressive rate hiking cycle, leaving the Feds fund target rate unchanged at 5.25%. The move comes after Tuesday’s CPI print showed consumer prices rose by an annualized 4% in May, substantially below the 4.9% forecast by economists. The Fed acknowledged […]
Cognetivity: Utilizing AI for Early Alzheimer’s Intervention
Sina Habibi, Co-founder & CEO of Cognetivity Neurosciences (CSE: CGN) sits down with us today to discuss recent advancements in Alzheimer’s drugs, treatments and screening processes. We then transition into a discussion on Cognetitivty, including their main production offering, its involvement in the delivery of Alzheimer’s drugs, recent collaborations and agreements as well as what […]