Tim Hortons Incorrectly Tells ‘Roll Up To Win’ Participants They Won $10,000
Imagine receiving a notification that you’ve won $10,000 from Tim Horton’s – only to be told later that it was a glitch. The Canadian coffee chain said on Wednesday that there had been an issue with winner notifications for this year’s edition of the popular Roll Up To Win contest which started on Monday. The […]
Silvergate Capital Shuts Down Silvergate Bank, Shares Crash Nearly 50%
In what seems to have been an inevitable event, Silvergate Capital (NYSE: SI) announced on Wednesday that it is liquidating Silvergate Bank “in an orderly manner and in accordance with applicable regulatory processes.” “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation […]
Hundreds of Thousands of Twitter Bots Are Working to Manipulate Republican Sentiment for 2024 Election
A research group has uncovered networks of Twitter bots designed to praise former President Donald Trump, attack his critics, and convince people that Governor Ron DeSantis — Trump’s biggest potential rival for the Republican nomination — would be better off as his running mate. “Our understanding of what is mainstream Republican sentiment for 2024 is […]
Rivian Reveals US$1.5 Billion Convertible Note Sale; More Offerings to Come?
On March 6, Rivian Automotive (NASDAQ: RIVN) became the first of the cash-burning start-up electric vehicle manufacturers to raise new capital in 2023. The company announced plans to sell up to US$1.5 billion in convertible notes with a 2029 maturity date. The offering, which is open only to qualified institutional buyers, will be marketed as green notes, […]
Elon Musk Humiliates Himself After Attempting to Embarrass A Former Twitter Employee
It’s been a strange few months at Twitter, to the point that the head of the HR department evidently can’t even confirm to employees whether they’ve been laid off or not. This was the case for designer Haraldur Þorleifsson, or Halli as he is more commonly known, until things took an incredible turn when Twitter […]
Pressure Builds On Biden After Cartel-Related Deaths As Congress Wants US Troops In Mexico
The kidnapping of four US nationals in Mexico this week, which resulted in the deaths of two of them, has refocused attention on the politically delicate topic of southern border security, prompting calls from certain congressmen for the Biden administration to take cartels more seriously. US and Mexican authorities have been seeking four Americans who […]
Toronto Deputy Mayor Asks Provincial, Federal Governments to Dig City Out of Budget Hole
As Ottawa and Ontario prepare to release their 2023 budgets in the coming weeks, Toronto Deputy Mayor Jennifer McKelvie is calling for the federal and provincial governments to honor 2021 campaign commitments and help fill the city’s nearly CA$1 billion budget gap. McKelvie has served as the head of the city council since former Toronto […]
PI Financial and Echelon Unite In “Merger of Equals”
Vancouver-based investment dealer PI Financial and Toronto-based wealth management firm Echelon Wealth Partners have announced a “merger-of-equals” that will bring the two firms’ operations together in a single Canadian entity. The resulting company will become, “the second largest amongst Canadian non-bank capital markets firms,” according to a press release issued about the merger Tuesday. The […]
Tiff Macklem Delivers on Rate Hike Pause, Canadian Dollar Plummets
It appears that Bank of Canada Governor Tiff Macklem delivered on his promise, and paused rate hikes during the central bank’s latest decision day. Central bank policy makers decided to keep the overnight rate at 4.50%, keeping in line with Macklem’s conditional promise to pause borrowing cost increases following a 25 basis-point hike on January […]
US Regulator Directs TC Energy To Reduce Keystone Pipeline Operating Pressure After Kansas Oil Spill
The US Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Tuesday that it would require TC Energy (TSX: TRP) to reduce operating pressure on more than 1,000 additional miles (1,609 kilometers) of its Keystone pipeline, which spilled approximately 13,000 barrels of oil in rural Kansas in December. On December 29, last year, the Canadian […]