Fired RBC Executives Deny Romantic Involvement, Seek C$70 Million in Damages
Former Royal Bank of Canada Chief Financial Officer Nadine Ahn has filed a lawsuit against the bank for wrongful dismissal, seeking nearly C$50 million in pay and damages. Ahn was terminated in April for allegedly violating the bank’s code of conduct due to an undisclosed personal relationship with a co-worker, which the bank claimed led […]
Zambia Shuts Key Copper Trade Route with Congo Amid Growing Crisis
Zambia, Africa’s second-largest copper producer, has taken a dramatic step by closing its borders with the Democratic Republic of Congo (DRC). This move, announced over the weekend, threatens to disrupt one of the continent’s most crucial copper trade routes and could have significant repercussions for global copper supplies. The decision to seal the border was […]
Numinus Wellness Walks From Acquisition Of MedBright AI
Numinus Wellness (TSX: NUMI) has walked away from a plan to add artificial intelligence assets to its portfolio. The firm indicated quietly this morning that it has terminated a letter of intent to acquire MedBright AI Investments (CSE: MBAI). The transaction, originally announced on June 20, was set to see Numinus acquire the AI-focused company […]
Dolly Varden Hits 1,091 g/t Silver Over 9.38 Metres
Dolly Varden Silver (TSXV: DV) has seen further success drill testing the Wolf Vein, indicating this morning it intercepted high grade silver mineralization following a 40 metre step out through directional drilling. Highlights from the results include: Hole DV24-404 is said to be the “mother hole” for directional drilling, with three additional daughter holes directed […]
Crew Energy To Be Acquired For $6.69 Per Share By Tourmaline Oil
Tourmaline Oil (TSX: TOU) this morning continued its strategy to consolidate the BC Montney region, announcing a transaction to acquire Crew Energy (TSX: CR) for $1.3 billion. The transaction, to take place in the form of shares and the assumption of $240 million in net debt, will see Crew Energy shareholders receive 0.114802 Tourmaline shares […]
Osisko Mining To Be Acquired By Gold Fields In $2.16 Billion All-Cash Transaction
Osisko Mining (TSX: OSK) is set to be bought out in a rare all-cash transaction, which values the company at $2.16 billion on a fully diluted basis, while placing its enterprise value at roughly $1.48 billion. The transaction will see Gold Fields (NYSE: GFI), whom currently is a joint venture partner in Osisko’s Quebec-based Windfall […]
Bank of Japan Unlikely to Raise Rates Again in 2024, Says Former Board Member
The Bank of Japan (BOJ) is not expected to implement further interest rate hikes this year, according to former board member Makoto Sakurai. In a recent interview, Sakurai cited market turbulence following the BOJ’s July rate increase and the slow pace of economic recovery as reasons for this cautious outlook. “It’s a toss-up whether they […]
How Adani’s Next Generation is Planning to Steer a $213 Billion Conglomerate
The upcoming leadership transition within the Adani Group, one of India’s largest and most influential conglomerates, stands poised to reshape the country’s economic landscape and reverberate across global markets. With a market capitalization of $213 billion and control over critical infrastructure sectors, the succession plan of Gautam Adani, the group’s founder, is more than a […]
Extended Amortization Now Comes at an Even Higher Cost with Revised Insurance Premiums
Earlier this year, the Canadian government unveiled a new policy allowing 30-year amortization periods for insured mortgages, aimed at first-time homebuyers. The catch, however, is that the Canada Mortgage and Housing Corporation (CMHC) will charge a 20 basis point increase in premiums for these extended mortgages – raising questions about the policy’s effectiveness in improving […]
How 500,000 Undocumented Immigrants Got Lost In Canada’s Immigration System
Recent estimates have revealed that the Canadian government has lost track of approximately 500,000 undocumented immigrants. This revelation, reported by Immigration Minister Marc Miller’s department, has ignited intense debate and concern across the nation. According to Immigration, Refugees and Citizenship Canada (IRCC), these estimates do not account for lawful immigrants or those on student or […]