Former Conservative Leader Blasts Report On Chinese Election Interference: “This Makes No Sense”
Former Conservative Leader Erin O’Toole is not happy with how the report on Chinese interference with Canadian elections was conducted, calling out the special rapporteur’s apparent lack of thoroughness in interviewing members of their party for the report. O’Toole said Special Rapporteur David Johnston did not reach out to the Conservative Party, his office, or […]
US Mortgage Rates Back at 7%, Gap Between Cost To Buy Or Rent A House Hits New Record
Mortgage rates in the United States have surged back up to 7% for the 30-year fixed rate, indicating another potential collapse in homebuyer demand and urging sellers to prepare for price cuts during the summer. The recent increase in mortgage rates poses a significant challenge for prospective homebuyers, limiting their affordability and ability to qualify […]
Binance Reportedly Violated US Regulations By Mixing Customer Funds And Company Revenue
Binance, the world’s largest cryptocurrency exchange, mixed user funds with business revenue in 2020 and 2021, violating US financial rules that require customer assets to be kept separate. According to sources who told Reuters, the sums ran into billions of dollars and commingling happened almost daily in accounts the exchange held at U.S. lender Silvergate […]
First Phosphate Taps Garry Siskos For Role Of CFO, COO
The management team at First Phosphate (CSE: PHOS) is in the process of being reworked as the company continues to build out its divisions for long-term growth. Garry Siskos has been appointed as the firms chief operating officer and chief financial officer of the company in line with this process.
Just Kitchen Elects To Go Private Amid Funding Issues
Going public isn’t for everyone. And if you’re Just Kitchen Holdings (TSXV: JK), apparently its worthwhile to reverse the decision and go private instead. JustKitchen has entered an arrangement to go private, with the firm to be acquired by JF Investment Co, a Taiwan-based corporation that is jointly owned by CEO Jason Hsin-How Chen, director […]
West Red Lake Hits 10.34 g/t Gold Over 8 Metres
Initial results are in from drilling at the Rowan Property, which is operated by West Red Lake Gold Mines (TSXV: WRLG). The results come from an ongoing phase one exploration program.
Declining Ocean Shipping Rates Suggest The Economy Is Weaker Than Markets Believe
Stock market indices such as the S&P 500 (which stands at its highest level since August 2022) and the NASDAQ (currently at a 13-month high) seem to suggest an economic downturn is unlikely to occur anytime soon, but container shipping rates imply such optimism may be misplaced. Average daily freight rates of ships which carry […]
LNG: Asian Buyers Ink High-Priced Long-Term Deals While Spot Prices Fade
Predicting (or even attempting to understand) liquefied natural gas (LNG) price movements ranks among the most difficult tasks in the energy industry. On the one hand, spot prices of LNG have plummeted about 80% over the last nine months, the sharpest decline in history, as worldwide LNG demand is expected to fall off in 2024 after […]
Italy’s Meloni Was Not Happy About Trudeau’s LGBTQ+ Rights Comments at the G7 Summit
A very unflattering image of Canadian Prime Minister Justin Trudeau has made it to the front page of the right-wing newspaper Libero, signaling that the country’s far-right Prime Minister Giorgia Meloni was not happy about being ambushed about her administration’s LGBTQ+ stance on-camera. The two leaders were in Hiroshima, Japan for this year’s G7 Summit […]
Is Ozempic the New Wonder Drug?
Ozempic has been all the rage lately. It’s become synonymous with weight loss, and lately, as a possible cure-all for addictions. Ozempic is Danish multinational pharmaceutical company Novo Nordisk A/S’ (CPH: NOVO-B) brand name and is now the colloquial term for the drug semaglutide. Ozempic is the version of the drug prescribed for the treatment […]