BMO Tightens Lending Criteria for Tariff-Impacted Borrowers
The Bank of Montreal (TSX: BMO) has announced significant restrictions to its lending policies for borrowers in tariff-impacted industries following recent Canada-US trade tensions. The banking giant has expanded its “Limited Appetite” category to include the steel and aluminum industry, joining sectors already under heightened scrutiny such as construction, transportation, retail, and manufacturing. BMO’s decision […]
Detention of Erdogan’s Challenger Ignited Mass Protests In Turkey
Tens of thousands of people have taken to the streets across Turkey, venting their anger over the high-profile arrest of Istanbul Mayor Ekrem Imamoglu. The local executive, a member of the Republican People’s Party (CHP), was formally charged with corruption-related offenses and remanded in custody. Authorities allege he established and managed a criminal organization, took […]
Turkey Moves to Stabilize Markets After Opposition Leader’s Arrest
Turkish financial authorities enacted emergency measures Sunday to shore up markets following last week’s arrest of Istanbul Mayor Ekrem Imamoglu, which sent stocks tumbling and sparked nationwide protests. The Capital Markets Board expanded restrictions on short-selling to cover all listed stocks, not just the top 50 companies as previously limited. Companies can now buy back […]
Canadian PM Carney Signals Shift on Oil and Gas Emissions Caps
Canadian Prime Minister Mark Carney signaled on Thursday he may work with industry rather than impose emissions caps on oil and gas producers, marking a potential shift from his predecessor’s climate policies during his first official visit to Alberta since becoming Liberal leader. Following talks with Alberta Premier Danielle Smith in Edmonton, Carney emphasized collaboration […]
Danielle Smith Under Fire for Appeal to US as Canadian Election Looms
Alberta Premier Danielle Smith has found herself facing intense scrutiny after audio emerged suggesting she asked officials in the US to delay trade actions that could benefit Conservative Party leader Pierre Poilievre’s electoral prospects in Canada. The recorded comments, posted by journalist Courtney Theriault, featured Smith expressing her hope that the US would “put things […]
US Weighs Military Buffer Zone Plan for Southern Border
The Trump administration is evaluating a plan that would empower US military forces to temporarily hold migrants crossing the southern border illegally, according to a report from The Washington Post which cited US officials familiar with the deliberations. The proposal would establish a military-controlled buffer zone measuring 60 feet deep along sections of the US-Mexico […]
Bayer Hit with $2.1 Billion Verdict in Latest Roundup Cancer Case
A Georgia jury has ordered Bayer AG (ETR: BAYN) to pay nearly $2.1 billion in damages to a man who claimed the company’s Roundup weedkiller caused his cancer, one of the largest awards to date in years of litigation over the product. The Friday verdict includes $65 million in compensatory damages and $2 billion in […]
Carney Calls For Snap Election, Hoping To Win Mandate To Counter Trump
Prime Minister Mark Carney has officially launched Canada into a federal election, with voters set to cast their ballots on April 28. This call to the polls comes just nine days into Carney’s tenure as leader of the Liberal Party and prime minister. “There is so much more to do to secure Canada, to invest […]
Odd Burger Cancels Expansion Plans To US Amid Tariff War
The ongoing tariff war has forced yet another company to reconsider its operations. Odd Burger (TSXV: ODD) this morning indicated that it is halting its expansion plans to the United States given the ongoing political tension within North America. The expansion into US markets has been a multi-year effort for the Vegan fast food chain, […]
NexGen Energy Makes New High Grade Discovery At Rook I Project
NexGen Energy (TSX: NXE) has made a new discovery at its Rook I property in the Athabasca Basin of Saskatchewan. The discovery follows drill testing, which has led to its best hole to date drilled within the discovery-phase of exploration across its portfolio. Highlights from the results include: The major intercept is said to have […]