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Morgan Stanley Joins Wall Street Exodus from Net-Zero Banking Alliance

Morgan Stanley (NYSE: MS) has become the latest financial giant to abandon the Net-Zero Banking Alliance, a UN-backed coalition aimed at aligning banks’ financing activities with global net-zero emissions targets. The move follows recent exits by Citigroup (NYSE: C) and Bank of America (NYSE: BAC), and earlier departures by Goldman Sachs Group (NYSE: GS) and […]

Canada’s Healthcare Wait Times Reach Record Highs in 2024, Fraser Institute Reports

Canadian healthcare wait times for medically necessary treatments have hit an unprecedented high, according to the Fraser Institute’s annual Waiting Your Turn report for 2024. The median wait time from referral by a general practitioner to treatment by a specialist is now 30 weeks, a notable increase from 27.7 weeks in 2023 and 222% longer […]

Canadian Liberal MPs Urge Trudeau to Step Down as Party Leader

Canadian Prime Minister Justin Trudeau is facing mounting pressure to resign after regional party officials called for his departure, citing concerns about electoral prospects and potential economic challenges. In a letter dated December 23, Atlantic Liberal caucus chair Kody Blois urged Trudeau to step down, warning of possible instability from Donald Trump’s threatened 25% tariff […]

Credit Card Defaults Surge to Highest Level Since 2008 Crisis

US credit card defaults have surged to levels not recorded since the 2008 financial crisis, with lenders writing off $46 billion in bad debt during the first nine months of 2024. The write-offs, tracked by BankRegData, represent a 50% jump from the previous year, highlighting growing strains on American consumers who collectively owe $170 billion […]

KoBold Metals Raises $537M in Funding Round with Bill Gates’ Support

In a significant move to bolster the transition to renewable energy, KoBold Metals, a U.S.-based exploration company leveraging artificial intelligence, announced it has raised $537 million in equity funding. Backed by notable names such as Bill Gates and leading investment firms, this funding round propels KoBold’s mission to uncover vital minerals essential to clean energy […]

Jervois Turns to Rescue Deal to Survive Cobalt Price Plunge

Jervois Global (TSXV: JRV) announced a major restructuring plan on Thursday, including delisting and privatization, following years of difficulty competing with dominant Chinese cobalt producers. The move was driven by a dramatic collapse in cobalt prices and sustained market oversupply. Once heralded as a linchpin of the green energy transition, cobalt—a critical component in EV […]

Tesla Reports 495,570 Deliveries In Q4

Tesla (NASDAQ: TSLA) this morning published the production and delivery results for its fourth quarter of 2024, highlighted by deliveries of 495,570 vehicles. On the production side, the fourth quarter saw 436,718 Model 3/Y’s produced, while 22,727 Other Models were produced, with total production hitting 459,445 vehicles. For all of 2024, 1,679,338 Model 3/Y’s were […]

MustGrow Acquires NexusBioAg For $1.66 Million In Cash, Future Earn-Out Payments

MustGrow Biologics (TSXV: MGRO) has completed the previously announced acquisition of NexusBioAg from Univar Solutions Canada. Classified as an asset purchase agreement, the arrangement saw MustGrow acquire “certain assets” that represent the company. While details on the transaction are slim, the company is said to have paid $1.66 million in the form of a deferred […]

Cameco Sees Production Halted At Inkai Joint Venture

Cameco (TSX: CCO) is off to a rough start to 2025, with the company announcing this morning that production at its Inkai LLP joint venture with Kazatomprom has been halted as of January 1. The production halt is in relation to the submission of documentation for uranium deposit development to authorities in Kazakhstan. The joint […]

Canada to Start Tracking Gig Workers’ Income Under New Tax Rules

Canada will require digital platforms like Uber and DoorDash to disclose their workers’ earnings to tax authorities from 2024, marking a significant change for millions of gig workers under new federal legislation. The amendment to the Income Tax Act, Bill C-47, sets a January 31 deadline for platforms to report to the Canada Revenue Agency. […]