Canada Loses Track of 30,000 People Ordered Deported
Government documents reveal 29,731 people ordered deported from Canada have vanished from authorities’ radar, with Ontario recording more than two-thirds of the disappearances. The Canada Border Services Agency (CBSA) lists these individuals as “wanted” after they failed to appear for removal proceedings. They form part of a larger group of 457,646 people facing deportation. Ontario […]
Newmont Axes Leadership Jobs in Cost-Cutting Frenzy
Newmont Corporation (TSX: NGT) has announced significant management layoffs and a reorganization of its business units as it grapples with operational challenges and investor dissatisfaction. This major corporate restructuring comes in the wake of disappointing financial results and the ambitious $15 billion acquisition of Newcrest Mining in 2023. Nearly a dozen managers, including a high-ranking […]
Postal Strike Drags On as Union, Canada Post Remain Deadlocked
A nationwide postal strike entering its 27th day has begun disrupting commercial courier services, forcing major carriers to restrict shipments as Canada Post and its union remain locked in a dispute over wages and working conditions. The Canadian Union of Postal Workers issued a bulletin Tuesday evening defending its position and outlining new proposals, including […]
Microsoft Votes No on Bitcoin Despite Saylor’s Plea
Microsoft Corporation (NASDAQ: MSFT) has officially decided to steer clear of Bitcoin as part of its financial strategy, after shareholders voted against a controversial proposal to diversify the company’s balance sheet with the cryptocurrency. The proposal, brought forward by the National Center for Public Policy Research, had aimed to allocate 1-5% of Microsoft’s profits into […]
For $1 Billion, Trump Promises To Expedite Permits Including Environmental
U.S. President-elect Donald Trump has once again ignited debates with a bold promise aimed at incentivizing large-scale investments in the United States. In a recent social media post, Trump declared that any individual or company investing $1 billion or more in the country would receive “fully expedited approvals and permits,” including environmental clearances. The statement, […]
Courts Stop $24.6B Kroger-Albertsons Deal, Citing Consumer and Worker Harm
Two significant court rulings have halted the proposed $24.6 billion merger between grocery giants Kroger Co. (NYSE: KR) and Albertsons (NYSE: ACI), marking a decisive victory for antitrust advocates, labor unions, and consumers. The United States’ Federal Trade Commission and a coalition of states argued that the merger would stifle competition, raise prices, and harm […]
Freeland Dodges $40.1 Billion Deficit Target, Shifts Focus to Debt Ratio
Finance Minister Chrystia Freeland signaled a shift in Canada’s fiscal priorities on Tuesday, emphasizing the debt-to-GDP ratio while sidestepping questions about meeting a key deficit target ahead of next week’s economic update. At a press conference in Ottawa, Freeland repeatedly highlighted the government’s commitment to maintaining its debt-to-GDP ratio at 42.1%, while avoiding direct responses […]
Bank of Canada Cuts Interest Rate By 50 Basis Points Again To 3.25%
The Bank of Canada delivered another significant rate cut on Wednesday, lowering its benchmark interest rate by 50 basis points to 3.25%. This marks the fifth consecutive rate reduction and matches the magnitude of October’s cut, signaling the central bank’s continued efforts to stimulate economic growth amid persistent economic headwinds. The decision comes as Canada’s […]
GameStop’s Q3 2024 Profit Masks a Deeper Crisis as Sales Plunge 20%
GameStop Corp. (NYSE: GME) has released its financial results for the third quarter of fiscal 2024, showing a net income of $17.4 million, marking a significant turnaround from a net loss of $3.1 million in the same period last year. However, net sales for the quarter were $860.3 million, representing a 20.2% decline from the […]
Endeavour Outlines $1.5 Billion After Tax NPV For Assafou Project In PFS
Endeavour Mining (TSX: EDV) has released a pre feasibility study for its Assafou-Dibibango Project in Cote D’Ivoire, which outlines the potential for the project to become a tier 1 asset for the company. The study outlines a net present value (5% discount) of $1,526 million on an after-tax basis for the open pit project along […]