Royal Bank Earnings: Somehow Great, Despite Weak Economy
Folks, we’ve got a winner. Canada’s largest company has hit a new all time high following the release of their fourth quarter earnings. That company, unsurprisingly, is a bank. Royal Bank of Canada (TSX: RY) to be exact, who beat analyst expectations for their fourth quarter results, leading to their market capitalization pushing past the […]
China Race to Build 100 Reactors in 10 Years Sparks Concerns
China is poised to become the global leader in nuclear power generation, with plans to approve up to 100 new reactors over the next decade, according to a recent statement from the Chinese Nuclear Society. This aggressive strategy aligns with the country’s goals to decarbonize its energy grid, meet domestic electricity demands, and position itself […]
National Bank Q4 Earnings: A Breakdown
The fourth quarter has been a mixed bag for Canada’s big banks. While RBC hit all time highs following their earnings, Scotiabank managed to miss some analyst estimates and fell off the wagon this week. The latest earnings from National Bank (TSX: NA), the smallest member of the “Big Six”, meanwhile have followed Scotiabank’s footsteps, […]
Scotiabank Q4 Earnings: A Mixed Bag
Well folks we’ve got our first set of bank earnings out and the market didn’t like them. Bank of Nova Scotia (TSX: BNS), or as every normal person calls it, Scotiabank, has released their fourth quarter results, and the market responded by selling off the stock by about 3.5%. The gripe here appears to be […]
France Targets Bitcoin Wealth with New Unproductive Wealth Tax Plan
France is considering a significant shift in its taxation policy by proposing a tax on unrealized capital gains from digital assets, including cryptocurrencies like Bitcoin. This move aims to address wealth held in non-productive assets but has raised concerns among investors and financial experts. The French Senate is debating the introduction of an “unproductive wealth […]
Taiwanese Firm Shelves Trudeau-Endorsed $1B B.C. Lithium Battery Project
Plans for a $1 billion lithium-ion battery cell production facility in Maple Ridge, British Columbia, have been shelved as Taiwan Cement Corp. (TCC), the parent company of E-One Moli Energy, shifts its focus to domestic production in Taiwan. The ambitious project was initially celebrated with much fanfare in 2022, attended by Prime Minister Justin Trudeau […]
France’s Orano Loses Command of Uranium Mines to Niger Junta
French nuclear energy firm Orano confirmed Wednesday that Niger’s military junta has taken operational control of its uranium mining subsidiary, Somair. This marks the latest escalation in a series of tensions between France and its former West African colony following a coup last July that upended the country’s political and economic alliances. Orano announced in […]
Proposed Mexican Mining Royalty Tax Hikes Threaten Billions In Losses
Mexico’s government is looking to increase revenues from its mining sector, pushing forward with significant regulatory reforms and increased taxation on the sector. As part of its 2024 budget proposal, the Mexican government has recommended increasing mining royalties, citing rising metal prices as justification. The changes would raise two key royalties from 7.5% to 8.5% […]
Canada in Recession Despite Growth Numbers, Former Central Bank Chief Says
Canada is experiencing a recession masked by immigration-driven consumption, former Bank of Canada Governor Stephen Poloz said on Tuesday, as per-capita GDP continues its downward trend. Poloz, now special adviser at Osler, Hoskin & Harcourt LLP, said during a webinar that traditional recession indicators have been obscured by new arrivals. “I would say we’re in […]
Cardone Claims He Just ‘Changed Real Estate Forever’ with First-Ever Bitcoin-Real Estate Hybrid Fund
Cardone Capital has unveiled a $102.5 million hybrid fund combining traditional property holdings with cryptocurrency, marking the first such vehicle of its kind as Bitcoin reached $100,000. The fund has acquired 300 residential units valued at $87.5 million and allocated $15 million to Bitcoin purchases, according to founder Grant Cardone. The investment strategy involves channeling […]