DOJ Charges 40, Arrests 2 Chinese Nationals Conducting Secret Police Operations
The FBI has arrested two accused Chinese operatives, and federal prosecutors have charged dozens more with attempting to suppress and harass dissidents in the United States, with some even running a “undeclared police station” in New York City. Lu Jianwang and Chen Jinping allegedly ran the Chinatown police station in New York City. Both men […]
Galen Weston to Step Down From Loblaw
Galen G. Weston will be stepping down from his position as the President of Loblaw (TSX: L) at the end of the year. The company made the announcement of Weston’s departure on Tuesday morning. Weston became president in 2021 after Sarah Davis left the role. Following his resignation, Weston will still remain as chair of […]
Apple Launches Savings Account That Yields “10 Times The National Average”
Apple Inc (Nasdaq: AAPL) has unveiled a new way for Apple Card customers to enhance their Daily Cash rewards by using a Goldman Sachs savings account. The accounts will offer a 4.15% APY with no fees, minimum deposits, or minimum balance requirements, according to the firm. The rate is said to be “more than 10 times […]
US Sanction Threats Loom Over Hungary’s Orban
The US-Hungary relations is characterized to be strenuous at best. However, the tenacity of that thin line is nearing its stress test as Washington sanction threats get uncomfortably closer to the European country’s comfort zone. Recently, the United States has imposed sanctions on more than 120 targets in response to Moscow’s invasion of Ukraine, including […]
Carlyle Intercepts 613.9 Meters of 0.55 g/t AuEq at Newton Project, BC
This morning Carlyle Commodities Corp. (CSE: CCC) announced they have received assay results from their third and final drill hole in their Phase 1 drill program at their 100% owned Newton Gold-Silver Project in British Columbia. The drill hole intercepted 613.9 meters of consistent, well-mineralized bulk tonnage mineralization grading 0.53 g/t Au, 1.93 g/t Ag. […]
Canadian Inflation Slows To 19-Month Low At 4.3%
The rate of increase in Canadian consumer prices has slowed down further, with the Consumer Price Index (CPI) 4.3% year over year in March, the slowest hike since August 2021. The headline print followed a 5.2% increase in February and is higher than forecasts calling for a reading of 4.1%. Core CPI, which strips out […]
CBC Halts Twitter Feed After Elon Musk Slaps Account With ‘Government Funded Media’ Label
CBC/Radio Canada is halting all social media activity across its Twitter accounts, after the platform slapped the broadcaster with a “government-funded media” label over the weekend. “Twitter can be a powerful tool for our journalists to communicate with Canadians, but it undermines the accuracy and professionalism of the work they do to allow our independence […]
Canadian ETF Slapped With Trading Ban After Failing to Submit Financial Statements
Investors are facing an extended trading ban on 11 ETFs managed by Emerge Canada, after the sponsor failed to meet the deadline for filing financial statements. The Ontario Securities Commission (OSC) issued a cease trade order on shares managed by Emerge Canada, after the fund failed to file audited financial statements before the March 31 […]
The Fall Of Canada’s Pension Funds
The Investment Management Corporation of Ontario (IMCO) recorded an average loss of 8.1% on its assets in 2022, as the pension fund investor’s exposure to falling values in the public stock and bond markets slashed its annual returns. Returns ranged from a loss of 9.1% to a gain of 1.6% among IMCO’s clients, which included […]
Ernst & Young to Slash 5% of its US Workforce in Effort to Reduce Redundant Roles
Business consulting service Ernst & Young (EY) is preparing to cut about 3,000 jobs, citing “overcapacity” and deteriorating macroeconomic conditions. Shortly after spending $600 million on a failed deal to breakup its global advisory and audit divisions, EY’s senior partners are looking to slash all inefficiencies across the consulting firm, starting with the elimination of […]