BMO Snaps Up Underperforming Burgundy Asset Mngt for $625M—2.3% Of Its AUM
BMO (TSX: BMO) is buying Burgundy Asset Management for $625 million in stock, a deal that deepens the bank’s push into discretionary investment counsel just as Canada’s independent boutiques run out of room to stay solo. Under the agreement, 20% of the consideration ($125 million) will be held back for 18 months and released only […]
Trump Signals Imminent War As He Mulls Iran Strike Within Two Weeks
President Donald Trump says he will decide “within the next two weeks” whether to join Israel’s air war against Iran—an elastic deadline he has used in past crises but, this time, one announced as US forces quietly empty forward bases and load hospital pallets. Within 48 hours of that pledge, every unsheltered US aircraft left […]
Regulatory Pressure Could Give Tesla Cover for Robotaxi Delay
Democratic Texas lawmakers are urging Tesla (Nasdaq: TSLA) to delay its planned robotaxi launch until September, potentially providing CEO Elon Musk with political cover to postpone a rollout that faces mounting technical and safety questions. Seven Austin-area legislators sent a letter Wednesday asking Tesla to postpone Sunday’s scheduled launch until new state autonomous vehicle regulations […]
Microsoft to Cut Thousands More Jobs in July, Targeting Sales Teams
Microsoft (Nasdaq: MSFT) plans to eliminate thousands more jobs in early July, with sales teams bearing the brunt of the cuts, as the company continues to make major investments in artificial intelligence, according to Bloomberg, which cited people familiar with the matter. The reductions would mark Microsoft’s fourth round of layoffs in 2025 and are […]
Canada To Adjust Steel Tariffs Against US On July 21
Canada will adjust its retaliatory tariffs against US steel and aluminum imports on July 21, “to levels consistent with progress that has been made in the broader trading arrangement,” Finance Minister François-Philippe Champagne announced Thursday. The announcement comes as the two countries engage in intensive talks following President Donald Trump’s decision to double tariffs on […]
Simply Solventless Q1 2025: Revenue Quadruples, Net Income Spike Comes From Humble Buyout
Simply Solventless Concentrates (TSXV: HASH) reported its Q1 2025 results, with gross revenue hitting $12.4 million—up 298% from $3.1 million a year earlier and roughly 60% of the company’s entire 2024 haul of $20.5 million. Net revenue followed in lock-step at $9.9 million, a 330% leap year-on-year. But even with the revenue growth, gross margin […]
Euro Sun Mining Enters Term Sheet For $200 Million Copper Prepayment Facility
Euro Sun Mining (TSX: ESM) has secured a term sheet for a copper concentrate prepayment facility. The facility, entered into with Trafigura Pte, is part of an effort to secure the funding required to advance Euro Sun’s Rovina Valley copper-gold project. Terms are said to have been “agreed in principle” for Trafigura to provide a […]
Wesdome Sees Angus Gold Shareholders Approve Of Acquisition
Wesdome Gold Mines (TSX: WDO) has managed to secure shareholder approval from Angus Gold (TSXV: GUS) shareholders to proceed with the purchase of the gold explorer. Angus declared this morning that 99.8% of the votes cast at the special meeting of shareholders approved of the transaction. Under the terms of the deal, Angus Gold investors […]
Majority of Canadians Support National Energy Corridor Despite Environmental Concerns
Nearly three-quarters of Canadians support building a national energy corridor with a pipeline to transport oil and gas from Alberta to Eastern Canada, even when told there would be environmental and Indigenous land claim concerns, according to a new poll. The Nanos Research survey found 73% of respondents either support or somewhat support the project, […]
Honda Takes Flight With First Vertical Launch-And-Land Test Of Its Experimental Reusable Rocket
Honda Motor launched and soft-landed a 6.3-meter reusable rocket in Taiki Town, Hokkaido, demonstrating ascent-descent stability and pinpoint return—“within 37 cm of the target touchdown point”—after a 271.4-meter hop that lasted 56.6 seconds. “Honda has made another step forward in our research on reusable rockets,” Global CEO Toshihiro Mibe said, calling the programme “a meaningful […]