MEG Energy Delays Vote On Cenovus Transaction After Failing To Secure Shareholder Approval
MEG Energy (TSX: MEG) has been forced to delay a shareholder vote related to seeking approval for a combination with Cenovus Energy (TSX: CVE). The company disclosed this morning that it has so far failed to secure the approval required to proceed. The company indicated this morning that so far of the votes received, 63% […]
Colombia Pulls US Ambassador Following Military Strikes And Aid Cuts
Colombia recalled its ambassador to the US after President Donald Trump said he would raise tariffs and stop US payments, sending the peso down 1.4% to 3,889 per dollar. The Foreign Ministry said “Daniel Garcia-Pena, Ambassador of Colombia in the United States of America, has been recalled for consultations by President Gustavo Petro and is […]
Trump Reposts Video Of Himself Dumping Sh*t On Americans
President Donald Trump reposted an AI-generated video of a fighter jet labeled “King Trump” dumping brown sludge on No Kings protesters as the nationwide demonstrations framed his second term as monarchy in American life. The clip shows a gold-crowned, sharply orange depiction of Trump piloting a plane marked “King Trump” and releasing bursts of brown […]
Trump Cuts Aid to Colombia, Escalates Caribbean Military Operations
President Donald Trump declared Sunday he will cut off American aid to “Columbia” and levy new tariffs on the country, branding its leader an “illegal drug leader” in a sharp escalation that coincides with a major military buildup targeting Venezuela’s government. In a post on Truth Social, Trump claimed Petro has failed to curb the […]
China Expels 9 Senior Military Officers in Historic Purge
China’s Defense Ministry announced Friday the expulsion of nine senior military officers from the Communist Party and armed forces, including one of two vice chairmen of the powerful Central Military Commission, in the most dramatic purge of military leadership since the Cultural Revolution. The nine officers, including He Weidong, the second of two CMC vice […]
Canada Grants Tariff Exemptions for Chinese, US Steel and Aluminum Imports
The Canadian government has exempted dozens of companies from paying retaliatory tariffs on certain Chinese and US steel and aluminum imports, drawing sharp criticism from domestic steel producers. The exemptions, outlined in a new order-in-council, cover certain products that companies claim they cannot source domestically, or require to fulfill existing contracts. The relief allows Canadian […]
Ontario, Ottawa Announce $29M Rescue for Newsprint Mill as Industry Shrinks
The federal and Ontario governments will pump $78.8 million into a century-old paper mill facing closure, buying time for a facility struggling against the long-term decline of North American newsprint markets. The federal government announced on October 17 that it would provide a $12 million loan to Kap Paper, with Ontario adding $16.8 million on […]
Canada Opens $700M Loan Program for Lumber Industry Hit by US Tariffs
The Canadian government has opened applications for a $700 million loan guarantee program that helps lumber companies weather mounting US tariffs that have pushed some firms into bankruptcy. The Business Development Bank of Canada announced the program’s launch Wednesday, allowing softwood lumber businesses to access up to $20 million per ownership group in financing and […]
Ottawa Pivots To Crowd In Private Capital As Federal Deficit Balloons
Canada seems to be taking a page from the US playbook as it plans to pivot to a crowd-in strategy that uses higher federal project spending and lighter regulation to attract private capital for its priorities. “Our upcoming budget will ‘crowd in’ private investment. We will build Canada Strong,” Industry Minister François-Philippe Champagne said. In […]
Trump Administration Rolls Back Tariffs on Products US Can’t Produce
The Trump administration is rolling back tariffs on products that cannot be domestically produced, a reversal that comes as legal challenges mount and trade negotiations accelerate. The exemptions cover goods that “cannot be grown, mined, or naturally produced in the United States” or cannot be produced in sufficient quantities to meet domestic demand, according to […]