Sandstorm Gold Monetizes Assets For $21 Million Cash, Royalty Retention
Sandstorm Gold (TSX: SSL) has monetized several non-precious metals assets in an effort to deleverage its balance sheet. The assets were sold in a package deal with Evolve Strategic Element Royalties, a private operator that is led by two executives that previously served with Nomad Royalty Company. The asset package sold by Sandstorm includes six […]
Canopy Growth Raises US$50 Million Via Convertible Debenture
Canopy Growth (TSX: WEED) is again returning to the trough with their hands out. The company this morning indicated they will again be raising funds, after having conducted an upsized financing in January. True to form, Canopy is raising the funds from a single institutional investor, with the financing expected to result in US$50 million […]
WSJ Cuts Hong Kong Editorial Staff, Expands Singapore Team
The Wall Street Journal has announced major changes to its Asia operations, including staff cuts at its Hong Kong bureau and a shift in focus to Singapore. Editor-in-chief Emma Tucker revealed in a memo that the newspaper is following the path of many companies it covers, as it adapts to the changing business landscape in […]
Turkey To Halt All Trade With Israel
Turkey has halted all trade with Israel, escalating tensions further between the nations amidst the ongoing conflict in Gaza. This decision, not yet formally announced by Ankara, follows President Recep Tayyip Erdogan’s intensified critique of Israel, aligning with his efforts to rally conservative domestic support. The cessation of trade, valued at $6.8 billion in 2023—primarily […]
Breakfast Commodity Prices Surge, Outpacing Broader Markets
eToro revealed in a recent article that their proprietary breakfast commodity price index has experienced a substantial 54% increase over the past year, significantly outpacing the broader commodity markets. The surge has been attributed to weather-driven supply disruptions affecting key ingredients such as cocoa, orange juice, and coffee. They suggest that these price hikes will […]
Is Rogers Quietly Laying Off Employees?
Concerns are mounting over the possibility of quiet layoffs at Rogers Communications (TSE: RCI.B) during recent restructuring activities within the company. According to information provided to Samfiru Tumarkin LLP, an undisclosed number of employees across various roles were let go in April. These alleged layoffs, notes the law firm, coincide with the cancellation of Cityline, a […]
Boeing Supplier Whistleblower Joshua Dean Dies, Just Two Months After First Whistleblower’s Death
Joshua Dean, a former quality auditor at Boeing supplier Spirit AeroSystems, passed away on Tuesday morning at the age of 45 after battling a sudden and aggressive infection. Dean, who lived in Wichita, Kansas, had been in critical condition for two weeks before succumbing to complications from pneumonia and a severe bacterial infection, MRSA. Dean […]
Canada’s Trade Deficit Hits $2.3 Billion In March, Highest Level Seen Since June 2023
Canada’s merchandise trade balance swung to a deficit of $2.28 billion in March, the largest trade deficit since June 2023. This unexpected shift came as exports declined 5.3% while imports fell by a more modest 1.2%. The main driver behind the widening trade deficit was a decrease in exports of unwrought gold, which had previously […]
Cantor Fitzgerald: If Russia Retaliates Against Uranium Ban, Markets Will Go “No-offer”
On Tuesday the U.S. Senate made a significant move by voting unanimously in favor of the Prohibiting Russian Uranium Imports Act. The bill, which aims to restrict the import of uranium from Russia, will now be forwarded to the White House for President Joe Biden’s signature. The President has already signaled his approval of the […]
Toronto New Listings Up as Home Sales Dip in March 2024
The Toronto Regional Real Estate Board (TRREB) reported a 4.5% decrease in home sales in March 2024 compared to the same month last year, with 6,560 transactions recorded through the Multiple Listing Service (MLS) System. The decline in sales is partially attributed to the Good Friday holiday falling in March this year, as opposed to […]