Brazil’s Lula: ‘We Can Survive Without the US’ After Trump Tariff Threat
Brazilian President Luiz Inácio Lula da Silva responded forcefully Thursday to US President Donald Trump’s threat of 50% tariffs on Brazilian goods, vowing reciprocal measures and declaring that Brazil “can survive without trade with the United States.” The escalating trade dispute marks the first major pushback Trump has faced from a large economy since resuming […]
Mortgage Delinquencies in Toronto Hit 12-Year High as Rate Triples to 0.22%
Mortgage delinquencies in the Greater Toronto Area have tripled to their highest level in over a decade, reaching approximately 0.22% in early 2025 as homeowners struggle with rising interest rates and soaring living costs. The delinquency rate has tripled from pandemic-era lows and now exceeds levels last seen in 2014, according to Equifax Canada data […]
Could Coinbase-Perplexity Tie-Up Redefine Real-Time Crypto Insight?
Coinbase Global (NASDAQ: COIN) has signed a two-phase agreement with Perplexity AI to stream the exchange’s real-time market feed into the startup’s conversational search engine. The move aims to compress the gap between raw pricing data and an intelligible trading narrative, putting explainable crypto intelligence a single query away. “The partnership is designed to help […]
Carney Orders Biggest Federal Budget Cut Yet, Aiming For $25B In Savings
Prime Minister Mark Carney’s government has ordered the biggest fiscal retrenchment since the 1990s, telling every department—except Defence, the RCMP, and Border Services—to carve out long-term savings that will rise to 15% of operating budgets by fiscal year 2028-29. Cabinet letters set interim targets of 7.5% in 2026-27 and 10% in 2027-28, with the aim […]
Liberia Signs $1.8 Billion Railway Deal with US Mining Company
Liberia signed a $1.8 billion railway access agreement with US-based Ivanhoe Atlantic Inc. on July 4 that opens the country’s rail infrastructure to the American mining company for transporting iron ore from neighboring Guinea, officials said. The 25-year deal breaks ArcelorMittal’s two-decade exclusive control over the strategic Yekepa-to-Buchanan railway corridor and constitutes a major private […]
Enrollment Free-Fall Forces Historic Mass Layoffs Across Ontario’s Public Colleges
Twenty-four of Ontario’s public colleges have quietly executed one of the largest mass layoffs in provincial history, shedding well over 10,000 faculty and staff positions and mothballing or cancelling more than 600 academic programs during the past academic year. “These are huge numbers; the human toll of this is massive,” OPSEU/SEFPO president JP Hornick said, […]
Scam Surge Shadows Ottawa’s Plan to Admit Thousands Of French-Speaking Africans
Ottawa’s plan to recruit almost 80,000 French-speaking immigrants from Africa by 2027 has spawned a parallel market for visa fraud that is expanding faster than the program itself. Fraud rings now advertise “guaranteed” permanent residency across Facebook and WhatsApp, luring victims from Abidjan to Accra with fake job offers and forged IRCC letterhead.   […]
House GOP To Push US As The “Crypto Capital Of The World” In Crypto Week
House Republicans return Monday with a single mission—show that Congress will direct the race to make the US “the crypto capital of the world.” The Senate already passed the bipartisan GENIUS Act, a narrow bill that writes rules for US-dollar stablecoins. President Donald Trump indicated that he wants that text “clean” and on his desk […]
OPEC+ Mulls It May Tap the Brakes After September’s Barrel Hike
OPEC and its allies are weighing a pause to their fast-tracked production revival once the final 550,000-barrel-per-day tranche of their current plan lands in September, delegates familiar with the private talks said this week. The discussion—still “at an early stage,” according to one delegate—would halt any further unwinding of the alliance’s remaining 1.66 million bpd […]
Canada Launches Sweeping Review to Cut Federal Red Tape
Canada’s government launched a comprehensive review of federal regulations Tuesday, aiming to eliminate outdated rules and reduce bureaucratic burden on businesses as Prime Minister Mark Carney seeks to deliver on promises to streamline government and boost economic growth. Treasury Board President Shafqat Ali announced the initiative, requiring all federal ministers to examine regulations within their […]