Freeland’s and Trudeau’s Offices Clash Over GST Holiday Plan
Internal discord has emerged at the highest levels of Canada’s government, with Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau’s office at odds over major spending decisions, according to government insiders and senior Liberal Party officials interviewed by The Globe and Mail. At the heart of the disagreement lies a $6.28 billion holiday on […]
O’Leary Plans $70 Billion AI Data Center in Alberta
Canadian investor Kevin O’Leary has announced plans to build what he calls the world’s largest artificial intelligence data center in northwest Alberta, with a projected investment of $70 billion over multiple phases. The Wonder Valley project, to be constructed in the Municipal District of Greenview’s heavy eco-industrial district south and east of Grande Prairie, will […]
Quebec Court Orders Indigenous Consultation for Mining Claims
A landmark Quebec Superior Court decision is challenging Canada’s established mining claim registration system, requiring prior Indigenous consultation based on potential impacts to cultural practices and non-renewable resources. The October ruling in Mitchikanibikok Inik First Nation vs. Procureur general du Quebec determined that accepting map designation notices for mining claims requires prior consultation with First […]
Google Says New Quantum Chip Slashes Computing Time from Eons to Minutes
Google (Nasdaq: GOOGL) has unveiled Willow, a quantum processor that slashes computing time for certain tasks from billions of lifetimes to mere minutes, marking what experts call a turning point in the field’s decades-long quest for practical quantum computing. The 105-qubit chip tackles quantum computing’s greatest hurdle – the tendency for calculations to become increasingly […]
Meta Joins Tech Giants in Nuclear Power Race
Meta (Nasdaq: META) announced on Tuesday its plans to explore nuclear power options, joining other tech giants in the pursuit of sustainable energy solutions for growing data center demands. The company is soliciting proposals from nuclear power developers to add between 1 and 4 gigawatts of new nuclear generation capacity in the United States, with […]
New Bank of England Policy Shields Identities of Bailed Out Financial Giants
The Bank of England will conceal the identities of any pension funds, insurers, or hedge funds that access its new financial stability tool. This measure, announced by Deputy Governor Dave Ramsden, is designed to prevent a wider economic crisis by avoiding the stigma that could deter institutions from seeking needed support. The tool, named the […]
Ivy League Tech Grad Arrested For UnitedHealthcare CEO Murder
In a high-profile case that has gripped the healthcare industry, 26-year-old Luigi Mangione has been arrested in connection with the killing of UnitedHealthcare CEO Brian Thompson. Thompson was fatally shot in what authorities have described as a “targeted attack” outside a Manhattan hotel last week. Mangione, a former Ivy League graduate, was taken into custody […]
Stellantis and CATL Commit €4.1 Billion to Spanish Lithium Battery Plant
Stellantis (NYSE: STLA) and Contemporary Amperex Technology Co., Limited (CATL) have announced a €4.1 billion joint investment to establish a large-scale lithium iron phosphate battery production facility in Zaragoza, Spain. The plant, located at Stellantis’ existing manufacturing site, is projected to start operations by late 2026, ultimately achieving an annual production capacity of up to […]
El Salvador Weighs Bitcoin Law Change to Access $3.3 Billion in Loans
El Salvador’s mandatory Bitcoin requirements for businesses could soon end as the country negotiates access to major international financing, including $1.3 billion from the International Monetary Fund (IMF). The proposed amendment would end a key provision of the country’s groundbreaking 2021 cryptocurrency legislation, making Bitcoin acceptance optional for merchants rather than compulsory. The change could […]
Lundin Gold Guides To Slight Production Uptick In 2025
Lundin Gold (TSX: LUG) is anticipating slight growth in its production profile in 2025, as revealed through the release of its 2025 guidance and three year outlook released this morning. The gold miner is expecting to produce between 475,000 and 525,000 ounces of gold in 2023, which represents a 5% increase on a midpoint basis […]