Canadian CPI Shoots to 6.7% in March
Canadians continued to pay significantly more for goods and services last month, as inflationary pressure broadened with various metrics soaring to new record-highs. Following a gain of 5.7% in February, consumer prices jumped 6.7% last month, marking the biggest gain since January 1991. On a seasonally adjusted basis the monthly gain stood at 0.9%, which […]
Filo Mining Intersects 0.91% Copper Equivalent Over 1,251.5 Metres At Filo del Sol
Filo Mining Corp. (TSX: FIL) announced on Tuesday highlight drill results from its Filo del Sol project. The drill hole assayed a wide intersection of 0.91% copper equivalent over 1,251.5 metres. “Hole 58 continues our success in defining continuity of strong mineralization within the Aurora zone of the deposit, and we are confident that there […]
Flowr Corp Sells Portugal Assets To Akanda For $35 Million
The Flowr Corporation (TSXV: FLWR) has begun selling off assets to remain afloat. The firm this morning indicated it will be selling off its Portugal-based operations this morning as a means of reducing its current debt. The transaction will see the company sell Holiden Holdings to that of Akanda Corp (NASDAQ: AKAN) in a cash […]
Canadian Government Issues US Dollar Bond to Help Stabilize Foreign Reserves
Fearing that investor demand for Canadian dollars may slump amid heightened volatility, the federal government announced it will issue a US dollar-denominated bond beginning this week. The Department of Finance on Tuesday announced plans to issue a US dollar global bond, that will be available to investors as early as April 20. In line with […]
Netflix Is Looking Into Lower-Priced Ad-Based Subscription Plans
Netflix (Nasdaq: NFLX) is looking at maximizing the value of its subscriber base. Its opportunity area: lower-priced plan with ads. In the company’s earnings call, the streaming giant floated the idea of phasing its pricing model to include a tier that would offer the subscription at a lower rate but would include advertisements. “One way […]
Facedrive To Rebrand Itself As Steer Technologies
Facedrive Inc (TSXV: FD) is apparently looking to start fresh with investors and consumers alike following a disastrous 2021. The firm this morning indicated that it will be changing its name to Steer Technologies. The rebrand is meant to focus on the ESG aspect of the company within its planned styling, as well as its […]
Fire & Flower Indicates Couche-Tard To Increase Ownership Stake To 35%
Fire & Flower (TSX: FAF) is set to see Alimentation Couche-Tard increase its stake in the company. It was indicated this morning that the convenience retailer would be increasing its ownership to slightly over one-third of the firms equity. The expansion in the ownership of Fire & Flower by Couche-Tard is set to occur via […]
Uranium Energy Corp Acquires Additional U3O8, Crosses 5.0 Million Pound Mark For Warehoused Uranium
Uranium Energy Corp (NYSE: UEC) continues to be bullish on the price of uranium. The company this morning announced that it would again be adding to its physical uranium stockpile, this time with a purchase of 400,000 pounds of U3O8. The latest purchase has delivery dates all the way out to December 2025, although the […]
Medipharm Labs Appoints Former Purdue Pharma Exec As CEO
Medipharm Labs (TSX: LABS) continues to suffer from management turnover. The company today announced that its CEO, Bryan Howcroft, will be stepping down for personal reasons effective immediately. Howcroft was in the role for just six months. Taking Howcroft’s place within the company is that of David Piddick, whom Medipharm lists as previously serving as […]
BMO: IAMGOLD’s Review Of Cote Operations Expected To Be Negative
On April 18, BMO Capital Markets lowered their 12-month price target and downgraded IAMGOLD Corporation (TSX: IMG). BMO now has a $2.75 12-month price target, down from $4.00, and has a market perform rating, which was lowered from outperform. BMO says that this downgrade comes after doing a review of their estimates as well as […]