Aztec Minerals Intersects 0.68 g/t Gold Over 120.0 Metres In Latest Drill Results
Assay results from a recently completed phase three drill program continue to come in for Aztec Minerals (TSXV: AZT). The results of five additional holes were released by the firm, which were conducted at its Cervantes Project in Sonora, Mexico. The latest results are all centered on the California Zone at the Cervantes project, with […]
BAT Takes 19.9% Stake In Charlotte’s Web For US$56.8 Million
While most investors are losing interest in the cannabis space, British American Tobacco, or BAT (NYSE: BTI) as it is now known, appears to be taking a deeper look now that valuations aren’t so lofty. The company this morning revealed that it has taken a stake in Charlotte’s Web Holdings (TSX: CWEB). The stake comes […]
RCMP Charge Chinese Researcher With Espionage
Merely a week after Canadians learned that Prime Minister Justin Trudeau was aware of potential Chinese interference in the 2019 federal election, the RCMP laid charges against a Hydro-Québec employee whom was allegedly sending trade secrets to China. According to a RCMP news release, 35 year-old Yuesheng Wang was arrested at his Quebec residence on […]
Canadian Housing: CMHC’s Secret Borrowers
The Canada Mortgage and Housing Corporation (CMHC), the Crown corporation responsible for administering Canada’s National Housing Act, like any good promoter, knows that the best way to get attention is with a discount. This column recently reminded its readers that the Act is explicitly built to develop and maintain the station of the mortgage financing […]
Liquidity Crunch: FTX & Romspen Investments Get Chomped
It isn’t known which financial poet came up with the beautifully impossible term “liquidity crunch,” or if they were acting with intent, but the most perfect metaphor in finance is certainly having its day in the sun. This desk anticipates that it will be thrown around a lot more very soon, and that’s a fine […]
SoftBank Shares Plunge As Vision Fund Reports More Losses Including $100 Million In FTX
SoftBank Group Corp (TYO: 9984) shares sank almost 13% on Monday after the company’s Vision Fund unit posted a hefty loss for the third consecutive quarter. Reports say that the company will also write down its investments in embattled FTX — reportedly amounting to less than $100 million — to zero. FTX is only the […]
COP27: Africa Demands For Loss And Damage Payments, Debt Help But Only From US And Europe
South African Minister of Forestry, Fisheries, and the Environment Barbara Creecy called on the United States and Europe’s richest nations for climate reparations for developing countries impacted by climate disasters. Leaders from developing countries have long agreed that the world’s wealthiest nations — those that have long benefited from the industrialization that has triggered global […]
Regulator Denies Requiring FTX To Allow Bahamas-Based Withdrawals; Bahamas Police Launches Investigation
The Securities Commission of the Bahamas (SCB) has clarified that FTX, the Bahamas-based crypto exchange, was not required to allow users in the country to withdraw their funds. The SCB’s statement, which was published on Twitter on Saturday, follows FTX’s Friday announcement that said that per “Bahamian HQ’s regulation and regulators,” the company has begun […]
US Turns To Canadian Miners As It Moves Away From China
Geopolitical tensions between the United States and China has the former reconsidering its trade relations with the latter, most especially with the security of its mining resources supply chain. The American government is instead reportedly looking at its northern neighbor to lessen its dependence from Beijing. The US military has covertly solicited bids from Canadian […]
Amazon Plans to cut 10,000 Corporate and Tech Jobs as Global Economy Sours
Amazon (NASDAQ: AMZN) is supposedly going to terminate up to 10,000 staff across its corporate and tech divisions, marking the biggest employee downsizing in the company’s history. According to the New York Times, which cited people familiar with the matter, Amazon is expected to axe about 3% of its corporate workforce and around 1% of […]