Analyst Reverses ‘Never Just One Cockroach’ Stance on Verano Holdings, Goes Long After $50M Buyback Announcement
Analyst Doug Kass is now bullish on Verano Holdings (NEO: VRNO) just two short years after saying that “there is never just one cockroach” while describing the company’s issues in 2022. The reason: “a sizeable” share buyback. In April 2022, Verano postponed its fourth-quarter and full-year financial results because of what it described as an […]
Elon Musk’s Ambitious Vision for “Everything App” X: The Next Venmo
Elon Musk’s vision for X, formerly known as Twitter, is ever-changing, but nothing short of bullishly controversial. As detailed in documents recently obtained by Bloomberg, Musk plans to transform the social media platform into an “everything app,” which includes incorporating a comprehensive payments system. This system aims to rival established players like Venmo, PayPal, and […]
Poilievre Blames Trudeau For 25% of Canadians That May Be Living In Poverty
Pierre Poilievre, leader of the Conservative Party, launched a blistering attack on the Liberal government, holding Prime Minister Justin Trudeau and his administration responsible for what he called a “record-smashing” increase in poverty rates, following a report that 25% of Canadians now live in poverty. In a heated session in the House of Commons Poilievre […]
A Massive Ad Campaign Is Labeling Tether As “Tethered To Corruption”
Consumers’ Research, a prominent watchdog group, has launched a multi-million-dollar campaign targeting the stablecoin Tether (USDT). The campaign aims to raise awareness about Tether’s alleged involvement in illicit activities and its lack of transparency. The campaign includes a comprehensive strategy: a new television ad supported by a seven-figure national buy, a dedicated website (TetheredToCorruption.com), a […]
Senate Passes ADVANCE Act, Allowing Biden to Sanction Rosatom
The US Senate has approved the ADVANCE Act, a comprehensive clean energy bill aimed at bolstering the country’s nuclear energy infrastructure while simultaneously reducing reliance on Russian nuclear technology and materials. This legislation, passed with an overwhelming bipartisan vote of 88-2, sets the stage for new sanctions against Rosatom, Russia’s state-owned nuclear energy corporation. Key […]
Bank of Canada Corrects Major Data Error in Mortgage Origination Report
The Bank of Canada has issued a correction after discovering a significant error in its mortgage origination data for the first quarter of 2024. The initial figures, which were missing data from March, have now been updated to reflect a more accurate picture of the housing market. The previous chart revealed that fewer than 100,000 […]
Conservatives Advance Lead in Vote Intention; Liberals and NDP Now Just Tied
As of June 2024, the Conservative Party of Canada (CPC) has solidified its lead in federal vote intention, with 42% of leaning and decided voters expressing support for the party. This marks a slight increase from previous months and highlights the continuing trend of growing support for the CPC. The latest Angus Reid Institute poll […]
East West Petroleum Proposes $0.03 Per Share One Time Dividend, Resulting In 42.9% Yield
East West Petroleum (TSXV: EW) is looking to provide a dividend to shareholders following the sale of its New Zealand oil and gas properties last month. The company has indicated it intends to conduct a “reduction in the stated capital of the company,” to the tune of $3.0 million, which will result in a dividend […]
Agnico Eagle To Spend $100 Million To Study Underground Mining Potential At Detour Lake
Agnico Eagle (TSX: AEM) is set to spend $100 million over the next three years to study the potential for developing an underground mine at the Detour Lake mine in Ontario. The study follows the release of what the company calls the 2024 Life of Mine Plan, which updates the production profile of the current […]
Taseko Sees Operations Resume At Gibraltar Mine After Union Ratifies New Agreement
Taseko Mines (TSX: TKO) is set to resume mining operations at its Gibraltar mine in British Columbia, following the ratification of a new tentative agreement with employees. The mine had seen operations halted on June 1 after workers went on strike. Workers are said to have been recalled, with mining and milling operations at concentrator […]