Government-Led Sales and Sleeping Whales Shake Up Crypto Market, BTC Drops Below $57K
Activity from long-dormant Bitcoin wallets and government-led sales has been making it difficult for Bitcoin bulls the past few days, pushing down the BTC to its lowest level since May. Just on Friday alone, at least three notable Bitcoin wallet awakenings have occurred. A wallet inactive since 2013 transferred over 1,000 bitcoins. This was followed […]
New Report Predicts More “ArriveCan-Type” Scandals
A new report has highlighted critical shortcomings in the Canadian federal government’s IT procurement practices, predicting that without significant reforms, more scandals like the controversial ArriveCan application are inevitable. This comes following the Royal Canadian Mounted Police (RCMP) recently raiding the home of a top contractor for the ArriveCan app, GC Strategies, which was paid […]
Soma Gold Halts Operations at El Bagre Mine Due to Community Blockade
Soma Gold Corp. (TSXV: SOMA) has announced a temporary halt in mining and processing activities at its El Bagre mine and mill in Antioquia, Colombia due to a community blockade. The blockade, which began on July 3, has restricted access for employees and supplies, resulting in the site entering care and maintenance status. The blockade […]
Boeing Pleads Guilty to Criminal Fraud Charge Over Fatal 737 Max Crashes
Boeing (NYSE: BA) will plead guilty to a criminal fraud charge related to the tragic crashes of its 737 Max jetliners that killed 346 people, the Justice Department announced. The government determined that the aerospace giant violated an agreement which had shielded it from prosecution for over three years. Federal prosecutors gave Boeing the option […]
Canada’s Population Is Up 1.27 Million in 12 Months, and People Still Can’t Afford to Buy a House
Recent data reveals that Canada has seen a staggering increase of 2.87 million people over the past three years. This influx, equivalent to the combined populations of Manitoba and Saskatchewan, has placed significant pressure on the housing market. So significant that even a long-awaited rate cut couldn’t cut it. Statistics Canada reports that in the […]
Iran Reports Warship ‘Incident’: Sahand Frigate Capsizes, Crew Injured
An Iranian warship capsized at the port of Bandar Abbas on Sunday, resulting in multiple hospitalizations, according to state media reports. The incident involved the Sahand, a domestically produced Moudge-class frigate, which lost balance and partially sank while undergoing repairs. Initial reports from the Mehr News Agency attributed the mishap to a “technical failure.” Later, […]
Rumors of a Home Equity Surtax Resurface Ahead of the Elections
A proposed surtax on home equity for properties valued over $1 million has recently gained renewed attention, sparking widespread discussion and controversy. This proposal, initially put forward by Generation Squeeze and backed by the Canada Mortgage and Housing Corporation (CMHC), aims to address the mounting housing affordability crisis in Canada. Generation Squeeze, a Vancouver-based advocacy […]
Condo Sales Drop 28% as Toronto’s Housing Market Cools
The Toronto Regional Real Estate Board (TRREB) has released its June report, revealing a continued decline in the city’s property market despite the Bank of Canada’s recent interest rate reduction. This marks the first rate cut in four years, but it has yet to stimulate buying activity significantly. Sales across all property types in Toronto […]
Plurilock: A Deep Value Cybersecurity Play
In the latest episode of The Daily Dive, SmallCapSteve sits down with Ian Patterson, CEO of Plurilock Security (TSXV: PLUR), a cybersecurity solutions provider focused on providing IT and security solutions to the US and Canadian federal governments, along with Global 2000 companies.
Canada Gets More Protective Over Mining Sector
Canada has significantly tightened its stance on foreign acquisitions of domestic mining companies, signaling a robust effort to safeguard its critical minerals sector and national security interests. Industry Minister Francois-Philippe Champagne announced that foreign takeovers of Canadian mining firms will only be approved “in the most exceptional of circumstances,” effectively shielding potential takeover targets from […]