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 […]
Canada Post Strike: Holiday Shopping Hit as Carriers Suspend Canada Service
The Canada Post strike has triggered a cascade of shipping disruptions, with major international carriers suspending service to Canada as the walkout enters its third week, severely impacting holiday season commerce. The US Postal Service announced it will suspend deliveries to Canada effective November 29, while Britain’s Royal Mail and ParcelForce have also halted Canadian […]
Crack Down or Crackdown? Airbnb Hosts in Trudeau’s Crosshairs with New $50M Enforcement Plan
Prime Minister Justin Trudeau has announced a federal initiative targeting short-term rental platforms like Airbnb (NASDAQ: ABNB) and Vrbo. The $50-million Short-Term Rental Enforcement Fund, unveiled this week, aims to provide municipalities with resources to regulate and reintegrate short-term rental units into the long-term housing market. “There are more than 200,000 short-term rentals across the country—like […]
Canada Sees Unemployment Rate Rise To 6.8%
Canada’s labor market displayed a complex picture in November, with employment rising but unemployment also increasing as more people entered the workforce. Statistics Canada reported a net gain of 51,000 jobs (+0.2%) last month, primarily driven by full-time positions, while the unemployment rate climbed to 6.8%, its highest level since January 2017, excluding pandemic years. […]
Romania Scraps Presidential Vote Over Foreign Influence Campaign
A foreign influence campaign targeting Romania’s presidential election has forced an extraordinary intervention by the country’s highest court, which on Friday invalidated the entire electoral process and mandated fresh polls. The ruling upends Romania’s political landscape just two days before voters were set to choose between surprise frontrunner Calin Georgescu, representing the far-right, and centrist […]
Priorities Questioned As Trudeau Doubles Down on Gun Control
In a sweeping move to tighten gun control, the Government of Canada has expanded its list of prohibited assault-style firearms while advancing regulatory reforms aimed at curbing gun violence. The announcement, made on December 5, 2024, reflects a continuation of the Liberal government’s prioritization of public safety, even as critics question the government’s focus on […]
Mali Targets To Arrest Barrick Gold CEO – Reports
Mali has issued an arrest warrant for Mark Bristow, CEO of Barrick Gold Corporation (TSX: ABX), accusing him of money laundering and financial violations. The allegations mark the latest escalation in tensions between the West African nation and foreign mining operators as the government pursues an aggressive campaign to extract greater revenue from its mineral […]
Newmont Sells Cripple Creek Mine To SSR Mining For $275 Million
Newmont Corp (TSX: NGT) has entered into an agreement to sell of yet another of its assets. The latest asset to leave the company is the Cripple Creek & Victor operation, which is found in Colorado. The asset has been sold to SSR Mining (TSX: SSRM), for total consideration of up to $275 million in […]
Allied Gold Secures US$175 Million Streaming Package From Wheaton For Kurmuk project
Allied Gold (TSX: AAUC) has secured $175 million for the development of its Kurmuk project in Ethiopia. The funding comes via a subsidiary of Wheaton Precious Metals (TSX: WPM). The arrangement will see four equal payments made to Allied for total consideration of US$175 million, to assist in funding the construction of the project. In […]