UK’s Stubborn Inflation Fuels Expectations for More BoE Rate Hikes
UK’s inflation rate, which was expected to fall more significantly, dropped marginally to 8.7% in April from 10.1% in March, keeping it at par with Italy for the highest inflation rate among the G7 countries. Economists had projected a fall to 8.2%, distancing it from the October’s 41-year high of 11.1%. The BoE’s main inflation […]
“Violation Of The First Amendment”: TikTok Vs. State Of Montana, Explained
TikTok Inc filed a lawsuit challenging the state of Montana’s new restriction on the usage of the Chinese-owned app, the first state to do so. TikTok claims the prohibition, which goes into force on January 1, violates the company’s and users’ First Amendment rights. The lawsuit, filed in Montana District Court, also claims that the […]
Poilievre, Singh Demand Public Inquiry On Chinese Interference After Johnston Report Suggests Public Hearings Instead
The leaders of the Conservative Party and the New Democratic Party are both calling for public inquiry on Chinese interference in Canadian elections after Prime Minister Justin Trudeau’s appointed special rapporteur released a supposedly independent report saying there’s no need for such. The Independent Special Rapporteur, David Johnston, released his first report on the alleged […]
Verses Files Patent For Technical Breakthrough In AI
A technical breakthrough in the field of artificial intelligence is being reported to have occurred by Verses AI (NEO: VERS), who this morning indicated it has filed a patent application covering what it refers to as a milestone invention.
CMHC Report: High Levels of Household Debt Could Lead to a Financial Crisis
The risks to Canada’s economy remain high as household debt levels continue to grow. In the latest analysis from the Canada Mortgage and Housing Corporation (CMHC), Deputy Chief Economist Aled ab Iorwerth warns that “household debt is a major risk to the Canadian economy.” The report found that household debt levels in Canada have reached […]
First Lithium Set To Drill Test Salar In Second Half Of 2023
The next phase of exploration is set to begin for First Lithium Minerals (CSE: FLM) at their OCA project in northern Chile.
Bank Of Montreal Sees Q2 2023 Profit Drop As $1.02 Billion Credit Loss Provision Bites
Bank of Montreal (TSX: BMO) reported an unexpected decline in fiscal second-quarter profit due to a greater provision for loan losses than predicted by analysts and a drop in trading revenue. The bank said in a statement Wednesday that its provision for credit losses of $1.02 billion, including an initial $517 million on its performing […]
HydroGraph Sees Study Indicate Its Graphene Provides Superior Performance In Li-O2 Batteries
HydroGraph Clean Power (CSE: HG) has seen an positive development in that a study has indicated that its graphene has surpassed the performance of the previously leading cathode carbon materials within a lithium-oxygen battery test.
Canada Nickel Hits 0.28% Nickel Over 343 Metres At Midlothian
Canada Nickel (TSXV: CNC) this morning published drill results from three separate properties it operates in the Timmins, Ontario region. Despite full assays being available for results from its Midlothian and Sothman properties, the firm instead elected to highlight preliminary data from the Mann Northwest property. Drilling at Mann Northwest has seen four holes completed […]
Scotiabank Q2 2023 Financials: Falling Revenue And Income Fail To Beat Estimates
The Bank of Nova Scotia (TSX: BNS), operating as Scotiabank, released its fiscal Q2 2023 financials, top billed by revenue of $7.93 billion. This is a decline from Q1 2023’s $7.98 billion and Q2 2022’s $7.94 billion, while analysts had expected an increase to $8.02 billion. “I am pleased with the Bank’s stable operational performance […]