BMO, CME, And Google Cloud Launch Tokenized Cash Platform
Bank of Montreal is moving deeper into tokenized money infrastructure with plans to introduce 24/7 tokenized cash capabilities for institutional clients through CME Group’s permissioned network on Google Cloud Universal Ledger. BMO will provide the bank-anchored tokenized instrument, CME Group will provide the institutional network and clearing-linked use case, and Google Cloud will provide the […]
Iran Now Charges Up to $2 Million for Hormuz Passage
Iran is seeking transit payments of as much as $2.0 million from some commercial vessels moving through the Strait of Hormuz, creating an informal toll on one of the world’s most important shipping lanes and adding a new cost layer to already disrupted energy flows in the fourth week of the Middle East war. The […]
Road to SpaceX IPO: Musk Unveils ‘Terafab’ Chip Factory in Austin With No Timeline
Elon Musk announced plans on March 21 for what he calls the largest chip manufacturing facility ever built, unveiling “Terafab” — a joint venture between Tesla, SpaceX, and xAI — at a light-drenched event at the Seaholm Historic Power Plant in downtown Austin. Texas Governor Greg Abbott sat in the audience. Musk gave no construction […]
Enbridge Not Ruling Out New Alberta Pipeline Amid Talks
Enbridge (TSX: ENB), a leading pipeline operator, has signaled it could play a role in building a new oil pipeline from Alberta to the British Columbia coast, provided regulatory barriers are addressed. CEO Greg Ebel, speaking at CERAWeek in Houston, emphasized that while the company isn’t fully committed, it’s not a firm no, marking a […]
Is The US Government Broke? Treasury 2025 Filing Shows $41.7T Negative Net Position
The US Treasury Department’s fiscal year 2025 consolidated financial statements show a federal government with $6.06 trillion in total assets, $47.78 trillion in total liabilities, and a negative net position of $41.72 trillion, giving fresh ammunition to arguments that the US government is functionally insolvent. Consolidated balance sheet position worsened by nearly $2.07 trillion from […]
National Bank CEO Calls for Keystone XL Revival and Eastern Energy Corridor to Boost Canada’s Energy Superpower Status
Laurent Ferreira, CEO of National Bank of Canada, urged the immediate revival of the Keystone XL pipeline during the bank’s annual financial services conference in Montreal, highlighting the partly built infrastructure as a critical asset. The project, intended to transport oil from Alberta to Nebraska, was halted in 2021 after U.S. President Joe Biden revoked […]
Short of Admitting Defeat, Trump Pins Iran War on Hegseth
He is, after all, Secretary of War.
New Brunswick Emerges as Hub for Defense Manufacturing with $1 Billion Explosives Plant in Talks
New Brunswick is positioning itself as a key player in Canada’s defense industry, with Premier Susan Holt engaging in talks with Nalagx Corp, a Canadian firm partnered with France’s Eurenco, to build what could be the country’s largest explosives factory since World War II. The proposed US$1-billion project promises 500 direct jobs and aims to […]
Russia, Vietnam Sign Deal to Build Hanoi’s First Nuclear Plant
Russia and Vietnam signed an intergovernmental agreement Monday to build Vietnam’s first nuclear power plant, formalizing a partnership that Hanoi is pursuing as soaring energy costs weigh on its export-dependent economy. Rosatom Director General Alexey Likhachev and Tran Van Son, Minister and Head of the Office of the Government of Vietnam, signed the agreement in […]
Dollarama Takes Margin Hit In Q4 2025 From Australia Unit
Dollarama Inc. (TSX: DOL) reported a strong fiscal 2026 finish, with full-year sales up to $7.26 billion from $6.41 billion last year. The year was shaped by Canadian same-store sales growth, 75 net new Canadian stores, Dollarcity earnings growth, and the addition of Australia, though fourth-quarter margins compressed as Australia diluted profitability and calendar shifts […]