Poilievre Accuses Liberals of Lying About Carbon Tax After Guilbeault Admits Households Will Pay More
Canada’s Environment Minister Steven Guilbeault admitted on CTV’s Question Period in an interview that aired on Sunday that on average, households may end up paying more for the carbon price, even more what it receives in quarterly rebates — contrary to what the Liberals last year asserted. “If you do the average, yeah, it’s true, […]
McDonald’s Closes US Offices, Tells Staff To Work From Home As Layoffs Loom
McDonald’s (NYSE: MCD) is closing its US headquarters and instructing US and some international employees to work remotely between Monday and Wednesday as the fast food corporation prepares for layoffs. According to the report by The Wall Street Journal, McDonald’s advised employees to postpone all meetings with suppliers and other events scheduled at the company’s […]
Russian Cargo Airline to Refurbish Old Planes Amid International Sanctions
Russia’s AirBridgeCargo, which was hit with international sanctions last year after Russia began its invasion of Ukraine, is refurbishing old planes to resume flights. According to sources close to the Volga-Dnepr group and the United Aircraft Corporation (UAC) as reported by the Russian Business Daily (RBC), the airline is planning to restart its operations using an […]
Teck Rejects Glencore’s Acquisition Bid: “Opportunistically Timed”
Teck Resources Limited (NYSE: TECK) announced on Monday that its board rejected “an unsolicited and opportunistic acquisition proposal” from Glencore. The proposal would see Glencore acquire Teck and then split into two companies, exposing Teck stockholders to thermal coal and oil trading, according to the corporation. “The Glencore proposal would expose Teck shareholders to a […]
WonderFi To Acquire Coinsquare, CoinSmart To Create Largest Crypto Platform In Canada
Consolidation is coming to the Canadian crypto industry. It was jointly announced this morning that WonderFi Tech (TSX: WNDR), Coinsquare, and CoinSmart Financial (NEO: SMRT) will be combining to create one of the largest crypto asset trading platforms globally. The operation on a combined basis is set to offer retail and institutional trading, staking products, […]
Emergent Metals Sees Drilling Commence At New York Canyon Property
Exploration for the 2023 season has begun on Emergent Metals’ (TSXV: EMR) New York Canyon property, found east of Hawthorne, Nevada. A drill program is now said to be underway, will rigs already having been mobilized. Drilling is currently focused on the South Block of the property, which is said to be prospective for copper […]
WWE Slumps After Announcing $21-Billion Merger Deal With UFC Parent Endeavor
Vince McMahon’s World Wrestling Entertainment (NYSE: WWE) and Ari Emanuel’s Endeavor Group (NYSE: EDR), the parent company of UFC, announced a partnership to form a new global sports and entertainment organization that will combine the UFC and wrestling. The company dipped more than 10% in pre-market trading following the news. When the merger is completed, […]
Tesla Production Continues To Outpace Demand In First Quarter Of 2023
Tesla (NASDAQ: TSLA) yesterday reported record vehicle and production data for 1Q 2023. Production reached 440,808 units in the first quarter of 2023, up 44.3% year-over-year and 0.3% from 4Q 2022. Deliveries in 1Q 2023 were 422,875 units, up 36.4% from 1Q 2022 and 4.3% sequentially. Tesla’s results seem to show no marked ill effects of reduced […]
OPEC+ Announces Surprise Oil Production Cut Exceeding 1 Million Barrels a Day
OPEC+ has made a surprising announcement of an oil production cut exceeding 1 million barrels a day, reversing its previous commitment to maintain supply stability. This significant reduction comes at a time when the market was already anticipating tight supply for the latter part of the year. The inevitable price reaction could intensify global inflationary […]
Justin Trudeau Goes Pro-Union
Keeping in line with the Liberals’ ‘go green or go home’ clean energy mantra, the budget also encompasses a union-based approach to the labour market, particularly for Canadian workers employed across sectors that will make Prime Minister Justin Trudeau’s green future come true. It wouldn’t be a good budget without a Catch 22! In order […]