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Probe $300 Million PrescribeIT Federal Spending, MPs Demand

Conservative MPs are demanding an audit on PrescribeIT, the e-prescription program that is currently being wound down. Dan Mazier, Conservative Shadow Minister for Health, leads the clarion call in investigating the $300 million federal project and should projects of such nature remain partly or largely in private hands. Non-profit Canada Health Infoway launched the program […]

Microsoft Ends OpenAI Revenue Payments In AI Reset

Microsoft is loosening its grip on OpenAI in a revised partnership that ends Microsoft’s revenue-share payments to the ChatGPT maker, removes exclusivity from the relationship, and gives OpenAI more freedom to sell its technology across rival cloud platforms. The tech giant said Monday that “the rapid pace of innovation requires us to continue to evolve […]

Shell To Acquire ARC Resources In $22B Cash-And-Share Deal

Shell agreed to acquire ARC Resources in a cash-and-share transaction that values the Canadian producer at about US$13.6 billion in equity and US$16.4 billion including net debt and leases, giving the British oil major a larger foothold in Canada’s Montney formation as it tries to rebuild long-term oil and gas production. Under the agreement, ARC […]

Canada Unveils $25 Billion Sovereign Wealth Fund to Secure Future Prosperity

Canada is set to establish its first-ever national sovereign wealth fund, the Canada Strong Fund, with an initial endowment of $25 billion, Prime Minister Mark Carney announced on Monday at the Canada Science and Technology Museum in Ottawa. The fund, designed as a national savings and investment vehicle, aims to grow wealth for future generations […]

Buffalo Potash Outlines $1.1 Billion NPV For Flagship Project, Construction Set To Start In July

Buffalo Potash (TSXV: BUFF) has outlined a billion-dollar future for its flagship Disley Project, releasing a preliminary economic assessment that values the asset at more than $1 billion. The assessment, conducted by Micon International, gives the project an after-tax net present value of US$1.1 billion and an internal rate of return of 30%. The estimate, […]

China Blocks Meta’s $2 Billion Acquisition of AI Agent Manus, Orders Deal Unwound

China has formally ordered Meta Platforms (Nasdaq: META) to unwind its $2 billion acquisition of agentic AI startup Manus, in a landmark regulatory intervention that establishes new state control over the international exit of Chinese-founded AI companies — regardless of where they incorporate. China’s National Development and Reform Commission issued a cancellation order Monday through […]

Seabridge Gold Details Terms of Massive Courageous Lake Spin-Out

Seabridge Gold (TSX: SEA) has detailed the final mechanics of its plan to spin out the Courageous Lake project into a new standalone entity, Valor Gold Corp. The move is designed to separate the massive Northwest Territories gold asset from Seabridge’s primary focus on its flagship KSM project, a strategy management believes will finally allow […]

Pakistan Is Shipping LNG From Louisiana Because the Strait of Hormuz Is Closed

Pakistan has purchased its first spot LNG cargo in over two years from the United States, as two months without imports have knocked out most of the country’s gas-fired power generation and triggered daily load shedding ahead of peak summer demand. Pakistan LNG Limited bought the cargo from TotalEnergies on April 25 at $18.4 per […]

Carney Set To Unveil Canadian Sovereign Wealth Fund in Economic Push

Prime Minister Mark Carney will announce the creation of a Canadian sovereign wealth fund on Monday, a move aimed at channeling public and private capital into major infrastructure projects, a senior government official revealed. The fund, to be detailed at an event in Ottawa, marks a cornerstone of the Liberals’ economic strategy as they approach […]

Gallup: Nearly Half of Americans Now Rate the Economy as Poor

Goldman Sachs and Gallup data show financial stress has no income floor — and the Iran war is accelerating the squeeze