SEC Calls Musk Twitter Case ‘Beyond Dispute,’ Seeks Summary Judgment
The Securities and Exchange Commission is pushing back against Elon Musk’s attempt to dismiss a lawsuit over his 2022 Twitter stock purchases, calling the case a “straightforward” violation that requires no trial. The SEC filed a response Friday saying there is “absolutely no dispute” that Musk missed the deadline to disclose his growing stake in […]
Federal Appeals Court Rules Trump’s Global Tariffs Illegal
A federal appeals court ruled Friday that most of President Donald Trump’s sweeping global tariffs are illegal, finding the president exceeded his authority by using emergency powers to impose the trade barriers that have reshaped the US economy and triggered international retaliation. The US Court of Appeals for the Federal Circuit upheld an earlier ruling […]
Burkina Faso Continues To Nationalize Gold Sector As It Eyes 35% Stake In West African Resources
Burkina Faso moved this past week to take an additional 35% of West African Resources’ Kiaka mine, forcing a trading halt. The company said the government requested the extra stake in Kiaka, which poured its first gold in June, “for valuable paid consideration.” The halt follows the ask and signals the next phase of the […]
Guyana-Venezuela Border Gunfire Involves Election Ballot Transport
A Guyana-Venezuela border clash erupted at 2:30 PM Sunday on the Cuyuni River when gunfire from the Venezuelan bank hit a Guyanese ballot-escort patrol. The unit returned fire and withdrew the convoy without injuries. The joint patrol of the Guyana Defence Force and Police was escorting elections staff and materials to remote polling stations in […]
Former Trans Mountain CEO Tapped to Lead Canada’s Major Projects Office
Prime Minister Mark Carney on Friday appointed Dawn Farrell, the former CEO of Trans Mountain Corp, to head Canada’s new Major Projects Office, a Calgary-based agency tasked with fast-tracking approval of major infrastructure projects. Farrell will serve as CEO of the office designed to streamline regulatory processes for what the government calls “nation-building” projects, with […]
Activist Sees Nearly 200% Upside at Cineplex With Buybacks and Divestitures
Activist shareholder Windward Management is pressing Cineplex (TSX: CGX) to accelerate share repurchases, sell non-core assets, and prepare for a potential sale, asserting the stock could nearly triple by the end of 2026. In an open letter, the hedge fund said Cineplex is “deeply undervalued” despite an improving box-office backdrop and a stronger balance sheet. […]
Prices Already Climbing As Trump Signals Higher Furniture Tariffs Within 50 Days
President Donald Trump said he has directed an investigation into furniture imports that he expects will result in higher tariffs by October. “Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” he wrote on […]
Cost-of-Living Concerns Drive Canadians Away From Liberals, Poll Finds
Conservative support has edged ahead of the governing Liberals nationwide for the first time in several months, according to a new Abacus Data poll highlighting Liberal weakness as economic anxieties intensify. The poll, conducted August 15 to 19 among 1,915 Canadian adults, found Conservative support at 41% among decided voters, up one point, while Liberal […]
CBC to Challenge Court Order on Subscriber Number Disclosure
CBC/Radio-Canada is challenging a transparency order in federal court, refusing to disclose how many people pay for its Gem streaming service. Information Commissioner Caroline Maynard ordered the disclosure in July after University of Ottawa professor Matt Malone filed an access-to-information complaint. “We will make our case in our filing with the Federal Court and let […]
Trans Mountain Q2 2025 Revenue Jumps 82% As Expanded System Logs First Full Year
Trans Mountain reported Q2 2025 revenue of $719 million, up 82% year over year from $396 million, with transportation revenue growing 85% year over year. The quarter logs results as its 890,000-barrel-per-day expanded system logged its first full comparable quarter from last year. Operating expenses rose 44% to $380 million from $264 million in Q2 […]