Paladin Energy Completes Acquisition Of Fission Uranium, To List On TSX
ASX-listed Paladin Energy has completed its purchase of Fission Uranium Corp (TSX: FCU), which follows a drawn out process that required federal approval for the transaction to proceed. Under the terms of the transaction, Fission shareholders received 0.1076 of a share of Paladin Energy for each share of Fission held. In dollar terms, the exchange […]
Competition Bureau Sues Rogers For Falsely Advertising “Unlimited” Data Plans
The Competition Bureau of Canada has filed a legal suit against Rogers Communications Inc. (TSX: RCI.B), alleging that the company’s marketing of its “Infinite” wireless plans misleads consumers by falsely advertising unlimited data. The Bureau asserts that Rogers’ plans impose data caps and significantly reduce speeds once those caps are exceeded, contradicting the “unlimited” claim. […]
Trump Plans to Push NATO Defense Spending to 5% of GDP
European officials have been informed that President-elect Donald Trump expects NATO members to increase defense spending to 5% of gross domestic product after his January 20 inauguration, according to reports from the Financial Times and Telegraph. This demand represents a significant escalation from both the alliance’s current 2% target and Trump’s previous suggestion of 4% […]
Canada Sees GDP Shrink 0.1% In November Based On Advanced Data
Canada’s economy displayed signs of weakness towards the end of 2024, despite aggressive interest rate cuts by the central bank. Statistics Canada reported on Monday that advance data indicates a 0.1% contraction in gross domestic product for November, marking the first monthly decline this year. This follows a stronger-than-expected 0.3% expansion in October, which surpassed […]
Lithium Americas Closes On $625 Million Investment From General Motors
Lithium Americas (TSX: LAC) has closed on the previously announced joint venture arrangement with General Motors (NYSE: GM). The arrangement has seen the automaker acquire a 38% stake in the Thacker Pass project, which is found in Nevada. The joint venture sees Lithium Americas retain a 62% interest in the project, while receiving $625 million […]
Trump Pushes Back on ‘President Musk’ Speculation: ‘He Wasn’t Born In This Country’
President-elect Donald Trump confronted mounting speculation about tech billionaire Elon Musk’s influence Sunday, firmly rejecting claims that his wealthy ally could overshadow his incoming administration. “No, he’s not taking the presidency,” Trump declared at a conservative gathering in Phoenix. “And I’m safe. You know why he can’t be? He wasn’t born in this country.” The […]
Trudeau Government Faces Collapse as NDP Vows No-Confidence Vote
Canadian Prime Minister Justin Trudeau faces another potential problem after New Democratic Party leader Jagmeet Singh announced plans on Friday to introduce a no-confidence motion against his minority government, ending a power-sharing deal originally set to last until 2025. Singh, whose party has continued voting with Trudeau’s Liberals despite ending their formal agreement in September, released […]
Trump Threatens to Reclaim Panama Canal
President-elect Donald Trump threatened on Sunday to demand the return of the Panama Canal to US control, drawing immediate pushback from Panama’s president and raising diplomatic tensions over the vital waterway. “The fees being charged by Panama are ridiculous, highly unfair,” Trump told supporters at a conservative rally in Phoenix, Arizona, his first major public […]
Verses AI Extends Exclusive Contract With Karl Friston As It Focuses On Atari Benchmarks For Next-Gen AI
Verses AI (CBOE: VERS) has successfully extended an exclusive, multi-year contract with a scientist key to the development of its Genius AI platform. Professor Karl Friston, a neuroscientist, has agreed to continue his work with the company in his role as Chief Scientist.
Payfare To Be Acquired For $4.00 A Share By Fiserv
Payfare (TSX: PAY) has finally become a target for an acquisition, with the company this morning announcing it will be acquired by a subsidiary of Fiserv (NYSE: FI) in an all-cash transaction under a definitive agreement. The transaction will see the company bought out for a total figure of $201.5 million, which equates to $4.00 […]