Hamas Praises Canada’s Gaza Ultimatum Call on Israel
Canada’s joint statement with the UK and France on Israel has drawn praise from Hamas and scathing rebukes from Israeli and Jewish organizations, with the group describing the move as “a significant step in the right direction.” Hamas lauded the call on Israel to “halt military action in Gaza and resume humanitarian aid” and urging […]
Elemental Altus Royalties Reports 179% Revenue Jump, 259% EBITDA Spike In Q1 2025
Elemental Altus Royalties (TSXV: ELE) posted a turnaround in Q1 2025 fueled by a 179% increase in adjusted revenue and a 259% spike in adjusted EBITDA, with CEO Frederick Bell referring to it as “a standout first quarter.” Total revenue jumped to $11.64 million, more than tripling the $3.33 million posted in Q1 2024. Adjusted […]
The Fall of Builder.ai: Microsoft-backed Unicorn Files for Bankruptcy
Microsoft-backed AI startup Builder.ai is entering insolvency proceedings after a major creditor seized most of its cash, the company announced Tuesday. The London-based firm, once valued at over $1 billion, marketed itself with the tagline of making software development “as easy as ordering pizza” but now faces bankruptcy in all five countries where it operates. […]
Canadian Battery Recycler Li-Cycle Files for Bankruptcy Protection
Li-Cycle Holdings Corp., a Toronto-based lithium-ion battery recycler once valued at over $2 billion, filed for bankruptcy protection last week after months of mounting financial difficulties. The company sought protection under Canada’s Companies’ Creditors Arrangement Act on May 14 and simultaneously filed for Chapter 15 bankruptcy in US court, according to documents from the Ontario […]
Toronto’s 2027 Condo Time Bomb: Financial Ruin for Pre-Construction Buyers | Mark Morris
Mark Morris from Legal Closing sits with SmallCapSteve to provide an insider’s perspective on the current state of Canadian real estate, focusing on Toronto’s dynamic condo market. Morris offers a unique, ground-level view of market trends, going beyond the typical narratives presented by mortgage brokers and real estate agents. The interview delves into the power […]
Does Canada Want In On Trump’s Golden Dome?
President Donald Trump says Canada has requested to join his $175 billion “Golden Dome” missile defense shield, but Canadian officials describe more measured discussions around continental defense cooperation. “Canada has called us and they want to be a part of it,” Trump said Tuesday during his Oval Office announcement of the ambitious missile defense system. […]
Australia Passes Unrealised Gains Tax, But Politicians Stay Exempt
Australia will impose a 15% tax on unrealised gains in superannuation accounts above a $3 million threshold from July 1, 2025. Framed as the Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023, the change doubles the tax on earnings in excess of $3 million—raising it from 15% to 30%—and is projected to raise A$2.3 […]
In Rare Show of Unity, Senate Unanimously Approves ‘No Tax on Tips Act’
The Senate unanimously approved legislation Tuesday that would exempt tips from federal income tax, advancing a key campaign promise of President Donald Trump in a rare display of bipartisan cooperation. The “No Tax on Tips Act” would create a tax deduction of up to $25,000 annually for workers in traditionally tipped occupations. The bill now […]
Japan Stands Firm on US Tariff Removal as Economy Feels Pinch
Japan is holding firm in demanding the complete removal of US tariffs as the two economic giants face a July deadline for negotiations, with early signs of economic damage already appearing. “There’s no change to our stance of seeking a review, which is to say an elimination, of them,” Japan’s Economic Revitalization Minister Ryosei Akazawa […]
BREAKING: Bell Faces Massive Internet Outage Across Ontario And Quebec
A massive Bell (TSX: BCE) internet outage is currently occurring across all of Ontario right now, with thousands of reports flowing in to Down Detector reporting the event. The issue appears to be widespread, with the company even experiencing their support line being offline as a result of the outage. Bell has only made a […]