UN Report Slams Canada’s Temporary Foreign Worker Program as ‘Breeding Ground for Slavery’
A recent UN report strongly criticized Canada’s Temporary Foreign Worker Program, describing it as “a breeding ground for contemporary forms of slavery.” The report, authored by Tomoya Obokata, the UN Special Rapporteur on contemporary forms of slavery, was presented to the UN Human Rights Council following his visit to Canada in late 2023. Obokata, who […]
Soaring Cybersecurity Valuation: eSentire Weighs Sale at Nearly 7x Annual Revenue — Sources
eSentire, a leading cybersecurity company based in Waterloo, Ontario, is reportedly exploring a potential sale that could value the firm at approximately $1 billion, including debt. This valuation is over seven times the company’s annual recurring revenue, which stands at around $150 million.
Ultra-High Pressure Breakthrough Could Revolutionize Global Oil Production
In a significant technological advance that could reshape the landscape of global oil production, Chevron (NYSE: CVX) has successfully initiated oil extraction from a field with pressures that reach 20,000 pounds per square inch — a level never before managed in the industry. This breakthrough is expected to unlock access to up to 5 billion […]
Canada’s Real Estate Insolvencies On Track to Surpass 2009 Levels
Canada’s residential property development sector is experiencing a surge in insolvencies, with experts warning that this trend is likely to continue as developers grapple with higher borrowing and construction costs. According to data from the federal Office of the Superintendent of Bankruptcy, the number of insolvent real estate companies and projects is on track to […]
enCore Energy Widens Losses In Q2 2024
enCore Energy Corp. (TSXV: EU) released its financial results for the three months ending June 30, 2024. The report highlights the company’s continued operational expansion and revenue growth, balanced against significant cost increases that led to a wider gross and operating loss compared to the same period last year. In the second quarter of 2024, […]
U.S. Hikes Duties On Canadian Softwood Lumber To 14.54%
The United States has significantly increased duties on Canadian softwood lumber imports, escalating a long-standing trade dispute between the two nations. The U.S. Department of Commerce announced on Tuesday that it would raise the duty rate to 14.54% from the previous 8.05%, a move that has drawn sharp criticism from Canadian officials and industry representatives. […]
Tables Turn on Shaw Family as Rogers Deal Threatens Their Media Holdings
The Shaw family, once a powerhouse in Canadian telecommunications, now finds itself on the receiving end of the very market consolidation they helped create. Corus Entertainment Inc (TSE: CJR.B), controlled by the Shaw family, has filed a complaint with the Canadian Radio-television and Telecommunications Commission (CRTC) against Rogers Communications Inc. (TSE: RCI.B), alleging abuse of […]
Gold Royalty Reports 300% Revenue Jump, Narrower Net Loss In Q2 2024
Gold Royalty Corp. (NYSE: GROY) has filed its operating and financial results for the second quarter ending June 30, 2024. The company’s performance during this period has been described as “transformational” by David Garofalo, Chairman and CEO, underscoring significant milestones that position the company for sustained growth in the latter half of the year. The […]
Franco-Nevada Reports Lower Q2 2024 Earnings, 21% Revenue Decline
Franco-Nevada (TSX: FNV) reported its second-quarter results for 2024, revealing a notable decline in revenue and earnings compared to the same period in 2023. The company’s performance was significantly impacted by the absence of contributions from its Cobre Panama asset, lower production from key mines, and the imposition of new global tax measures. The firm’s […]
Yukon Government Seeks To Appoint Receiver Over Victoria Gold
Victoria Gold (TSX: VGCX) appears to have lost control of the situation at its Eagle Mine following the heap leach incident that occurred at the mine in late June. The company has now reportedly been served by the Yukon government in relation to the matter. While details are thin at this time, Victoria Gold has […]