Power Nickel Hits 3.33% Copper Over 17.25 Metres At Lion Discovery
Power Nickel (TSXV: PNPN) continues to see success with drill testing to the northeast of its Main Nisk deposit, at what it refers to as the Lion zone.
IsoEnergy Begins 30 Hole Drill Program In Eastern Athabasca Basin
IsoEnergy Ltd (TSXV: ISO) has begun a summer drill program consisting of 30 planned drill holes at its uranium properties in the eastern Athabasca Basin. Exploration is set to take place at two separate properties in its portfolio. Twenty seven of the planned holes are set to occur at the Larocque East project, where 8,775 […]
Canopy Growth Finally Exercises Option To Acquire Acreage Holdings
Acreage Holdings (CSE: ACRG.A.U) is set to finally be acquired by Canopy Growth (TSX: WEED). Canopy reported this morning that it has exercised the option to acquire the multi-state cannabis operator, after years of delay due to the status of cannabis at the federal level in the US. Canopy Growth’s subsidiary Canopy USA is to […]
OSFI Raises Concerns Over Potential Mortgage Defaults in Canada
The Office of the Superintendent of Financial Institution (OSFI) has released its Annual Risk Outlook for 2024/2025, highlighting mortgage credit defaults as a primary concern for Canada’s economy. With 76% of mortgage debt set to renew by the end of 2026, the bank regulator warns that the impact will be most significant for those who […]
Canada’s Federal Deficit Widens to $50.9 Billion in 2023-24 Fiscal Year
The Canadian federal government posted a larger-than-expected deficit of $50.9 billion for the 2023-24 fiscal year, overshooting the $40.1 billion projection made in last year’s fall economic update. This marks a $9.6 billion increase from the previous fiscal year’s deficit of $41.3 billion. Key factors contributing to the deficit include a 3.2% or $13.7 billion […]
Ontario Expects Another Major EV Battery Plant Amid Auto Sector Race
Ontario expects to land another major electric vehicle battery plant commitment soon as Canada’s most populous province races to secure its auto sector’s future amid a narrow window of opportunity. Ontario Economy Minister Vic Fedeli said the province is confident it will land at least one more out of three current prospects it is courting. […]
Canada’s Basel IV Push: Banks’ “Unappealing” Option To Raise Capital Through Issuing Equity
The Office of the Superintendent of Financial Institutions (OSFI) is preparing to enforce Basel IV standards, which could significantly impact commercial bank lending in Canada. Basel IV is the latest iteration of international banking regulations aimed at strengthening global financial stability by requiring banks to hold more capital against risk-weighted assets. This move, however, may […]
Did Dr. Anthony Fauci Just Admit He Made Up The COVID Rules, Lab Leak Theory Could Be True?
In a recent revelation, Dr. Anthony Fauci allegedly admitted to making up the six-foot social distancing rule, which he stated “sort of just appeared,” during his testimony to the House Select Subcommittee on the Coronavirus Pandemic. This confession has ignited a political firestorm as Republicans prepare to grill him in a highly anticipated public testimony. […]
Crypto King’s Lavish Lifestyle Funded By Scene+ Loyalty Points Amid $40-Million Fraud Allegations
Aiden Pleterski, the self-proclaimed Crypto King of Whitby, Ontario, is accused of funding a luxurious lifestyle using loyalty points and the generosity of friends, despite owing $30 million to creditors. The 25-year-old allegedly defrauded investors out of $40 million, investing a mere fraction of the funds while splurging on sports cars, homes, and lavish trips […]
NYSE Said To Be Investigating Technical Issue After Berkshire, Barrick Tumble Over 98%
The New York Stock Exchange appears to be experiencing technical issues, with a number of major names currently seeing the quotation of their equity being mispriced. The technical issue so far is known to have impacted Berkshire Hathaway (NYSE: BRK.A), Barrick Gold (NYSE: GOLD), and Nuscale Power (NYSE: SMR). The equities are being quoted as […]