Poilievre Unveils Strategy to Counter Trump Tariffs
Conservative Party leader Pierre Poilievre has outlined his plan to deal with US President Donald Trump’s trade threats and help Canada navigate economic tensions with its largest trading partner. Speaking at a campaign event in Toronto on Wednesday, Poilievre emphasized that his election campaign won’t focus solely on the US tariff threat, despite growing concerns […]
Mercedes-Benz Denies Exit Rumors as Auto Industry Braces for US Tariffs
Mercedes-Benz Group AG officially denied a Bloomberg report that it was considering withdrawing its cheapest models from the US market due to the tariffs. “This is without any merit. Mercedes-Benz continues to seek sales growth for its highly desirable vehicles,” a Mercedes-Benz spokesperson said in an emailed statement on Tuesday. However, the company has been […]
Mass Layoffs Hit FDA, CDC and Other Health Agencies
The Trump administration has initiated sweeping layoffs at key US health agencies, with approximately 10,000 federal health workers receiving dismissal notices on Tuesday. Security guards turned away employees at building entrances after they received termination emails, creating chaotic scenes outside health department offices. The cuts have targeted the Food and Drug Administration, Centers for Disease […]
Atlanta Fed’s GDPNow Projects 3.7% GDP Contraction in First Quarter
The Federal Reserve Bank of Atlanta’s GDPNow model is now projecting a 3.7% contraction in US economic activity for the first quarter of 2025, according to data released on April 1. The estimate represents a significant deterioration from the -2.9% reading reported just days earlier on March 28, suggesting rapidly worsening economic conditions as the […]
Carney Won’t Repeal Pipeline Legislation Despite Tariff Pressures
Canadian Prime Minister Mark Carney rejected calls to repeal controversial legislation that critics say blocks new pipeline development, even as his government positions itself to counter US tariff threats by developing domestic resources. “We do not plan to repeal Bill C-69,” Carney said Tuesday at a press conference in Winnipeg, referring to legislation that requires […]
Liberal, Conservative Candidates Exit Canadian Election After Inflammatory Comments
Two candidates in Canada’s federal election campaign have been dropped after controversial remarks emerged, with Liberal incumbent Paul Chiang stepping aside and Conservative hopeful Mark McKenzie being removed by his party. Chiang announced late Monday he would not seek re-election in the Markham-Unionville constituency after suggesting in a Chinese-language media interview that people should claim […]
GPU Constraints Force OpenAI to Delay Upcoming Products, Altman Confirms
OpenAI is grappling with severe GPU capacity constraints as user traffic to ChatGPT reaches unprecedented levels, according to CEO Sam Altman. The company, which recently reported 500 million weekly users, is experiencing a massive surge in demand following the release of a new image generation feature that creates Studio Ghibli-inspired artwork. “We are getting things […]
Will The US Impose a Blanket 20% Tariff?
Is the US about to implement a flat 20% tariff on imports, or will the White House opt for a narrower set of levies targeting specific sectors? While some analysts warn of sweeping measures that could send shockwaves through global trade, others see signs that the US may moderate its approach. “It’s starting to feel […]
First Majestic Silver Increases Mineral Reserves 45% Year Over Year, Releases Inaugural Resource On Navidad Discovery
First Majestic Silver (TSX: AG) has hit a record high in its reserves and resources following a successful 2024 in terms of both exploration and M&A activity. The report, released this morning, has seen the company substantially improve all categories across both reserves and resources.
Aero, Kraken Energy To Combine Amid Weakened Uranium Markets
Declining uranium prices have led to the start of consolidation within the junior uranium space. Uranium explorer Aero Energy (TSXV: AERO) this morning indicated that it would be acquiring its peer Kraken Energy (CSE: UUSA) in an all stock transaction valued at just $1.64 million. The transaction will see Kraken acquired for $0.02754 per share, […]