Mali Court to Rule on Barrick Gold Mine Takeover May 22
A Mali court postponed until May 22 a hearing on whether to place Barrick Mining’s (TSX: ABX) Loulo-Gounkoto complex under provisional administration, escalating a months-long standoff between the Canadian mining giant and Mali’s military government. The dispute centers on Mali’s 2023 mining code that raises taxes and increases the government’s share in gold operations. Mali […]
Strathcona Pushes Hostile $5.9B Bid As MEG Energy Board Urges To Take No Action
Strathcona Resources (TSX: SCR) is in pursuit of MEG Energy (TSX: MEG), offering $23.27 per share—a 9.3% premium to MEG’s May 15 closing price—in a bid valued at approximately $5.9 billion. MEG’s board has advised shareholders to await its formal recommendation, but Strathcona—already MEG’s second-largest holder with 9.98%—argues the bid’s merits warrant direct investor scrutiny. “Strathcona respects […]
Lion Electric Assets Salvaged By Group Of Quebec-Based Investors
A group of Quebec-based investors have come together to salvage what remains of Lion Electric, the electric school bus manufacturer that late last year filed for creditor protection under Canada’s CCAA process. The company announced last night that the consortium of investors was the successful bidder under the sale and investment solicitation process. While details […]
CBC Scraps Bonus System After Controversy … But Will Raise Base Salaries Instead
The Canadian Broadcasting Corporation announced Wednesday it will eliminate its controversial bonus system and instead increase base salaries for affected employees after months of public criticism. The decision follows backlash over the public broadcaster paying $18.4 million in bonuses during the 2023-24 fiscal year while simultaneously cutting hundreds of jobs. Read: CBC Approves Staff Bonuses […]
Inside Qatar’s Record $1.2T Commitments to the US
Qatar’s multi‐billion‐dollar pledges to the US represent more than a show of economic muscle—they reveal a strategic bid to cement influence in Washington even as questions swirl over foreign interference and security risks. President Donald Trump’s whirlwind Doha visit yielded headline-grabbing deals: a record 160-aircraft order from Qatar Airways for Boeing jets worth over $200 […]
Erskine-Smith Is Salty About Not Being Part of Carney’s New Cabinet
Liberal MP Nate Erskine-Smith says he feels “disrespected” after being dropped from Prime Minister Mark Carney’s newly formed cabinet Tuesday. The Beaches-East York representative, who previously served as housing minister under former Prime Minister Justin Trudeau, was among 10 ministers who didn’t retain their positions in the cabinet shuffle. “It’s impossible not to feel disrespected,” […]
Canada Creates First-Ever AI Ministry, Names Former Journalist to Lead It
Former journalist Evan Solomon has been appointed as Canada’s first Minister of Artificial Intelligence and Digital Innovation. Prime Minister Mark Carney shuffled his cabinet Tuesday, creating the new ministerial position to signal AI as a national priority. His appointment, like many in Carney’s new cabinet was met with criticism, primarily due to a lack of […]
Carney’s New Cabinet Leaves Veteran Minister Wilkinson on Sidelines
Prime Minister Mark Carney’s newly formed government will move forward without Jonathan Wilkinson, ending the North Vancouver MP’s seven-year stretch in Canada’s federal cabinet. Wilkinson, who previously managed three key portfolios including Energy and Natural Resources, was not among the 28 officials sworn in during Tuesday’s ceremony at Rideau Hall. “I deeply love this country,” […]
Coinbase Refuses To Pay $20M Ransom For Leaked Data
Coinbase’s (NASDAQ: COIN) refusal to pay a $20 million bitcoin ransom has laid bare systemic vulnerabilities in its reliance on overseas contractors and a years-long pattern of social engineering scams draining millions from users. CEO Brian Armstrong revealed that cybercriminals bribed customer support agents to steal sensitive data from 6,000 users—including government IDs, Social Security numbers, […]
‘We’re Going to Have a Real Problem’: Critics Warn About New Housing Minister
Gregor Robertson, Canada’s newly appointed housing minister, brings a decade of municipal experience and controversy to his federal role as the nation grapples with an escalating housing crisis. Prime Minister Mark Carney named Robertson to his cabinet Tuesday following the April federal election. The former Vancouver mayor, who served from 2008-2018 and recently won the […]