Liberal Party Withholds $21,000 in Donations to Leadership Candidate
The Liberal Party of Canada is withholding $21,000 in campaign contributions to leadership candidate Ruby Dhalla while it investigates whether 12 donors surpassed maximum contribution limits. The party is probing donations made on shared credit cards, with Elections Canada data showing 12 contributors each donated the maximum allowable amount of $1,750. Three pairs of donors […]
US Defense Budget Faces 8% Annual Cuts Under New Directive
US Defense Secretary Pete Hegseth has ordered Pentagon officials to plan for annual 8% budget reductions over five years, representing the largest defense spending cuts since 2013, according to an internal memo obtained by The Washington Post. The directive targets the Pentagon’s $850 billion 2025 budget while protecting 17 categories, including border operations, nuclear modernization, […]
First Majestic Posts Record Free Cash Flow Of $68.4 Million In Fourth Quarter
First Majestic Silver (TSX: AG) (NYSE: AG) saw record free cash flow in the fourth quarter of 2024, thanks in part to a higher realized silver price per silver equivalent ounce amid a precious metals bull market.
US Orders Diplomats to Cancel News Subscriptions Worldwide
The US State Department has ordered its diplomatic missions to cancel subscriptions to major news outlets, prompting warnings from officials about risks to overseas operations. A February 11 directive told embassies and consulates to “immediately place Stop Work Orders on all non-mission critical contracts/purchase orders for media subscriptions,” according to an internal memo seen by […]
Canadian Trucker TFI Plans To Leave Canada For The US
TFI International Inc. (TSE: TFII) announced plans to relocate its headquarters from Montreal to the United States, as the transport giant seeks to align its corporate base with its predominantly US operations. The Montreal-based freight carrier disclosed the planned move in its earnings report on Wednesday, where it posted net income of US$423 million on […]
Delta Offers $30,000 to Each Passenger on Toronto Crash Flight
Delta Air Lines (NYSE: DAL) has offered $30,000 to each passenger aboard Flight 4819 that crashed and flipped during landing at Toronto Pearson International Airport on Monday. The airline confirmed Wednesday that all 80 people (76 passengers and four crew members) on board survived when the Minneapolis-originating flight rolled over and landed upside down, losing […]
B2Gold Swings For Annual Net Loss In 2024, Sees Decline In Revenue And Output
B2Gold (TSX: BTO) has released its final quarter and full-year 2024 financials, with annual revenue of US$1.90 billion, down from US$1.93 billion in 2023, due to lower gold sales volumes—801,524 ounces this year versus 994,060 ounces in the prior year. The decline in volume, however, is partly offset by a stronger average realized gold price […]
Alamos Gold 2024: “Record” Free Cash Flow, 86% Jump In Q4 Earnings
Alamos Gold (TSX: AGI) has released its financial and operating results for Q4 and the year ended December 31, 2024, highlighting a new high in annual free cash flow of US$272 million, underpinned by the second consecutive year of record gold production. Fourth-quarter revenue soared to US$375.8 million, up from US$254.6 million in the same […]
Are We Going To See A Push For Universal Basic Income… Again?
Days before the anticipated leadership contest, the decades-long conversation about a universal basic income appears ready to surge back into the national spotlight. The PBO’s latest report, released on February 19, 2025, updates its distributional analysis of a Guaranteed Basic Income and projects how such a program would affect federal spending, household income, and poverty […]
Cameco 2024 Revenue Surges But Earnings Still Down Following Westinghouse Acquisition
Cameco (TSX: CCO) has released its financial and operating results for Q4 and year ended December 31, 2024, reporting a notable revenue rise to $3.14 billion—up 21% from $2.59 billion in 2023. During Q4, revenue surged to $1.18 billion, versus $844 million in the comparable period of 2023. The company attributed the rise to higher […]