New Report Calls For Ending Canada’s Temporary Foreign Worker Program
A new report has called for the abolition of Canada’s Temporary Foreign Worker Program, recommending that all migrant workers be granted permanent residency upon arrival. The comprehensive study, titled “Permanent Jobs, Temporary People: Temporary Foreign Workers’ Struggle for Permanent Residency in Prince Edward Island,” was released on Wednesday by researchers from Dalhousie University, St. Thomas […]
GOP Congressman Threatens to Block Cannabis Banking Protections in Spending Bill
Republican Congressman Chuck Edwards of North Carolina has expressed strong concerns over a provision in the Fiscal Year 2025 Financial Services and General Government (FSGG) appropriations bill that would offer limited protections for banks working with state-legal marijuana businesses. The language, secured by subcommittee chairman Rep. Dave Joyce (R-OH), aims to prevent federal regulators from […]
Nevada Copper Likely Headed For Creditor Protection As It Fails To Source Funding
Nevada Copper (TSX: NCU) is likely headed for creditor protection. The company this morning provided an update on its financing efforts, indicating that it is struggling to obtain further funding. The funding is required in order for the company to maintain operations and complete commissioning and ramp up at the Pumpkin Hollow underground mine in […]
Robinhood To Acquire Bitstamp Crypto Exchange For $200 Million In Cash
Robinhood Markets (NASDAQ: HOOD) is digging deeper into crypto. The firm this morning announced that it has reached an agreement to acquire Bitstamp Ltd, a crypto exchange with operations in the EU, UK, US, and Asia. The transaction is said to be a milestone for Robinhood, with the purchase bringing it its first institutional business. […]
New Found Gold, Palisades Gold Agree To $17 Million Settlement In ThreeD Capital Lawsuit
New Found Gold (TSXV: NFG) has finally settled litigation with that of ThreeD Capital (CSE: IDK) related to a private transactions that occurred prior to the go-public transaction for New Found Gold. The lawsuit, which initially was filed in mid-2020, saw ThreeD and a numbered Ontario corporation sue New Found Gold, Palisades Goldcorp, and Collin […]
UN Nuclear Watchdog Passes Resolution Against Iran Amid Growing Concerns
The International Atomic Energy Agency (IAEA), the United Nations’ nuclear watchdog, passed a resolution censuring Iran on Wednesday over its lack of cooperation with inspectors regarding its uranium enrichment program. The resolution, sponsored by France, Britain, and Germany, comes amid growing concerns about Iran’s nuclear advancements and its refusal to grant access to IAEA inspectors. […]
Canada Lowers “Onerous” Language Requirements for Caregivers: “Much-Needed Change”
In a significant policy shift, Immigration Minister Marc Miller announced this week that caregivers arriving in Canada will now be granted permanent residency upon arrival. This new development, aimed at addressing the pressing needs of Canadian families and the challenges faced by caregivers, marks yet another change in the immigration landscape. During a press conference […]
Tesla’s High Loss Ratio Raises Concerns for Its Insurance Business
Tesla‘s (Nasdaq: TSLA) foray into the insurance industry has hit a roadblock as the company grapples with a high loss ratio, particularly in certain states where it has reached a reported 140% or 145% loss ratio in some states (and almost 115% in 2023). The electric vehicle manufacturer’s insurance arm, which operates through its licensed […]
Trump Threatens Jailing Political Opponents Following Felony Conviction
Former President Donald Trump suggested Tuesday that his political adversaries could face prosecution if he wins the 2024 presidential election. This comes in the wake of his conviction on 34 felony counts in Manhattan, a case he has consistently denounced as politically motivated. Trump’s remarks underscore the escalating political tensions and the potential for further […]
WestJet Introduces “Ultra” Low Fares, But They Come At A Cost
WestJet’s recent introduction of the UltraBasic fare, set to replace the current Basic fare from June 4, 2024, has sparked significant backlash from customers. This fare aims to offer “more affordable” travel options but comes with several restrictions that have frustrated many frequent flyers. The UltraBasic fare will lower prices across domestic and transborder routes […]