Western Canada Oil Sands Output Outstrips Pipelines Again as 2027 Crunch Looms
Western Canada’s crude output has more than doubled over the past decade—rising from roughly 2.5 MMb/d in 2015 to an estimated 4.6 MMb/d as of April 2025—driven predominantly by Alberta oil sands expansions. RBN Energy warns that “almost nothing is going to stop Western Canada’s crude oil production growth,” with annualized liquids volumes (crude plus […]
Disney Buys Out Hulu Remainder For Over $438M
The Walt Disney Co. (NYSE: DIS) will pay NBCUniversal parent Comcast (NASDAQ: CMCSA) about $438.7 million to acquire the remaining 33% of Hulu it does not already own, ending a years-long, three-appraiser valuation dispute and giving Disney 100% control of the 18-year-old streaming platform. The price—set just below Hulu’s $27.5 billion floor valuation agreed in […]
Syria Nears End of 14-Year Banking Isolation
For the first time in more than a decade, Syria is poised to regain access to the world’s primary banking communication system, with officials announcing that reconnection to SWIFT could happen in the coming weeks. The development would end Syria’s exclusion from the Society for Worldwide Interbank Financial Telecommunications, which has prevented the country from […]
Robinhood Courts Congress With $35B Proposal To Seed Trump’s $1000 Account For Each Newborn
Robinhood Markets (NASDAQ: HOOD) is reportedly asking Congress to let “every citizen be an owner in the upside of America” starting at birth. CEO Vlad Tenev told lawmakers the trading app can open brokerage accounts for the roughly 3.5 million US newborns each year, each pre-loaded with a $1,000 federal deposit, “under budget.” The proposal […]
Second Cup Company Files for Creditor Protection — But It’s NOT the Canadian Chain You Know
An international coffee franchising company bearing a similar name to Canada’s well-known Second Cup coffee chain has filed for creditor protection, but the two businesses are completely separate entities. The Second Cup Coffee Company Inc., which operates franchises in about 20 countries but none in Canada, obtained protection under the Companies’ Creditors Arrangement Act on […]
Platinum Jumps to Four-Year High Amid Million-Ounce Supply Shortfall
Platinum prices surged to their highest level in four years Monday, climbing 7.7% to $1,200.95 per ounce as market tightness and supply deficits intensify pressure on the precious metal. The advance extended platinum’s rally for a sixth consecutive trading session, pushing the metal to its highest price since May 2021. The metal has gained more […]
‘Trump Savings Accounts’ Offer $1,000 Bonuses for Babies
The House has approved government-funded investment accounts for newborns as part of President Donald Trump’s massive tax bill, but financial experts warn families already have access to superior savings options and question whether the new accounts serve more as political bait than genuine financial benefit. The so-called “Trump savings accounts” — renamed from “MAGA Accounts” […]
Beijing To Sell Billions In Seized Bitcoin Through Hong Kong Exchanges
Beijing police announced Thursday they will sell bitcoin and other cryptocurrencies seized in criminal cases through licensed exchanges in Hong Kong, creating China’s first official framework for disposing of confiscated digital assets. The Beijing Public Security Bureau said it partnered with the China Beijing Equity Exchange to sell seized cryptocurrency via Hong Kong’s regulated markets. […]
Trump Sends 700 Marines to LA as National Guard Swells to 4,000
US Northern Command has ordered about 700 active-duty Marines to Los Angeles, a move Defense Secretary Pete Hegseth says is needed “to restore order” while the National Guard surges to the city. The first leathernecks could be on the streets as early as Tuesday, bolstering roughly 4,000 Guard troops already mobilized since the weekend. Military officials insist the Marines will […]
Carney Injects $9B In Sprint To NATO’s 2% of GDP Goal On Defence Spending
Prime Minister Mark Carney has formally committed Canada to lifting defence outlays to 2% of GDP before 31 March, injecting $9 billion in new cash for fiscal 2025-26 and pushing annual military spending to roughly $50 billion—up from $34.6 billion, or 1.4% of GDP, in the current year. This also aligns as fulfilling a long-standing […]