Seven Years of Losses: Canada Post Reports $315 Million Loss In Q3 2024
Canada Post’s financial performance in the third quarter of 2024 reflects deep-seated challenges as the company struggles to navigate an increasingly competitive and evolving postal and logistics landscape. The corporation reported a pre-tax loss of $315 million for the quarter, a notable deterioration from the $290 million loss recorded in the same period last year. […]
Barrick Reports 7.8 Million Ounce Gold Resource At Fourmile Project
Barrick Gold (TSX: ABX) this morning indicated it has updated its mineral resource estimate for the Fourmile project in Nevada. The update follows the completion of 25 additional drill holes on site, focusing on southern portion of the orebody. Recent drilling is said to have been focused on an area immediately adjacent to the Nevada […]
Filo Hits 0.92% Copper Equivalent Over 1,270 Metres
Filo Corp (TSX: FIL) has released the latest assay results from ongoing exploration at the Filo del Sol project. Drilling on site began in September, with nine drill rigs currently active at the project. Highlights from the results include: The latest assays have resulted in the expansion of the Aurora zone by 300 metres to […]
Trudeau Unveils GST Holiday: Economic Relief or Political Stunt?
Prime Minister Justin Trudeau unveiled a temporary two-month GST holiday and direct cash payments as part of a new effort to ease financial pressures on Canadians. The measures, announced on Thursday, are designed to provide immediate relief for families struggling with rising costs during the holiday season and beyond. The GST holiday, which will begin […]
Northvolt’s Bankruptcy Filing Threatens Europe’s EV Revolution
Northvolt AB, the Swedish battery manufacturer once seen as Europe’s strongest contender in the global race for electric vehicle battery supremacy, filed for Chapter 11 bankruptcy protection in the United States on Thursday. This decision follows months of financial turmoil and failed attempts to secure critical funding to keep the company afloat. The filing represents […]
Canada Sees Record-High Surge of Asylum Claims Filed by International Students
Nearly 14,000 international students in Canada filed asylum claims in the first nine months of 2024, a record high that comes despite a drop in new study permits, according to federal immigration data. Immigration Minister Marc Miller suggested many claims may be fraudulent, citing advice from consultants rather than changes in students’ home countries as […]
Matt Gaetz Withdraws From Nomination For Attorney General
Matt Gaetz has withdrawn his name from nomination for the role of Attorney General under President-Elect Donald Trump’s administration. The decision to withdraw from the nomination was announced by Gaetz on Twitter moments ago, with Gaetz stating that “it is clear that my confirmation was unfairly becoming a distraction to the critical work of the […]
Trump Wants Keystone XL Back—But Can He Do It In A Changed Oil Market?
In a bold and controversial move, U.S. President-elect Donald Trump reportedly aims to revive the Keystone XL oil pipeline on his first day in office, according to sources close to his transition team. The 1,200-mile pipeline, once designed to transport crude oil from Alberta, Canada, to refineries in Nebraska, became a flashpoint in the U.S. […]
US Court Indicts Gautam Adani for Largest Corporate Scandal in India’s History
Billionaire Gautam Adani, chairman of the Adani Group and one of Asia’s richest individuals, faces a landmark indictment in a New York federal court on charges of orchestrating a multibillion-dollar fraud and bribery scheme. The case, announced Wednesday, implicates the tycoon and seven other defendants in a wide-ranging scandal that could have significant global repercussions. […]
Rogers Layoffs Add to Growing Wave of Cuts in Canada’s Radio Sector
Rogers Sports & Media, a division of Rogers Communications (TSX: RCI.B), has announced layoffs affecting several dozen employees in its audio division. The move reflects ongoing challenges in the advertising market, a problem that has plagued the media industry at large throughout 2024. In an email statement, Charmaine Khan, a spokesperson for Rogers Sports & […]