2023 Looks Grim, Says Food Bank CEO
In September, about 8,800 new families registered to use the Daily Bread Food Bank for the first time in Toronto. And while the food bank caters to clients on social assistance, or working minimum wage or part-time jobs, they are seeing more of those with higher salaries but have most of it go to rent […]
After Meta, Is TikTok Going After Amazon Next?
TikTok, the short-form video-sharing giant, is looking to expand its e-commerce arm in the United States, some interesting new LinkedIn job postings reveal. If true, this would mean that the platform would now also directly compete with Amazon, and not just with Meta Platforms’ Facebook and Instagram. First reported by Axios, the job listings indicate […]
Putin Courts Europe Away From US Via Nord Stream 2 Offer
President Vladimir Putin assured the world that Russia is ready to supply gas to Europe through the surviving Nord Stream 2 pipeline. Speaking at the Russian Energy Week forum in Moscow, Putin said that Russian gas could still be sent to Europe via one of the Nord Stream 2 pipeline’s remaining intact lines, but the […]
Average Detached Home Prices In Mississauga Fall Over $523,000 Since January
September 2022 rates saw the average price of a detached home in Mississauga drop year over year for the first time since November 2019. It’s also the fifth consecutive month that prices have fallen, due mostly to the sharp rise in interest rates. Data from the Toronto Regional Real Estate Board (TRREB) show that the […]
Bank of England Saves Bond Market, Liz Truss Will Continue With Disastrous Mini-Budget
After the Bank of England was forced to make an embarrassing emergency intervention in the UK gilt market to prevent a complete collapse of the country’s financial system, Liz Truss decided to forge ahead with the government’s disastrous mini-budget after all. On Wednesday, the UK government reversed its earlier decision to scrap Kwasi Kwarteng’s tax […]
Silver: Is the Bottom In? — With David Morgan
Joining us today on The Daily Dive is David Morgan, of the Morgan Report. David returns to share his insights on the US Dollar, inflation and interest rates. The discussion then transitions to the topic of commodities, where we discuss the current environment for oil as well as silver and gold. We then close out […]
Bank of England Embarks on Second Bond-Buying Spree, Warns UK’s Financial Stability Faces ‘Material Risk’
The Bank of England was forced to intervene in UK financial markets once again, as the country’s bond market remains in chaos following Finance Minister Kwasi Kwarteng’s disastrous fiscal policy plan unveiled last month. UK’s central bank on Tuesday announced it will expand its emergency government debt-buying scheme to now include inflation-linked gilts, in an […]
China And India Distance Further From Russia
After the devastating missile attacks throughout Ukraine on Monday, India and China, two nations that have offered Russia some reprieve in the face of Western sanctions, expressed concern and reinforced demands for de-escalation and discussion. According to Mao Ning, a spokeswoman for China’s Foreign Ministry, “all countries deserve respect for their sovereignty and territorial integrity,” […]
Cameco, Brookfield Renewable To Acquire Westinghouse Electric For US$4.5 Billion
Cameco (TSX: CCO) and Brookfield Renewable (TSX: BEP.UN) announced on Tuesday a consortium to acquire nuclear services firm Westinghouse Electric Company. Brookfield Renewable and its institutional partners will control 51% of Westinghouse, while Cameco will own 49%. Westinghouse has a total enterprise value of US$7.875 billion. The firm’s existing financing structure will be retained, leaving […]
Tiger King Joe Exotic Is Pissed About Biden’s Cannabis Pardons
Joe Maldonado-Passage, who’s better known as Joe Exotic of the Tiger King fame, is not very pleased about President Joe Biden’s cannabis pardons. Over the weekend, he wrote about how Biden’s pardons will not help with the “overpopulation of federal prisons” or do anything “toward his promise for justice and prison reform,” among other things. […]