Arrests (Finally) Made in $20 Million Pearson Airport Gold Heist
One year after a brazen gold heist at Toronto’s Pearson International Airport, Peel Regional Police have arrested nine people, including several current and former Air Canada employees, in connection with the $20 million theft. The joint investigation between Canadian and US authorities, dubbed “Project 24K,” resulted in the arrests of Parmpal Sidhu, Amit Jalota, Ammad […]
Cannabis Executives Complain Over Lack of Tax Reform in Canadian Budget… While Making Bank
Top executives from leading cannabis companies in Canada have voiced their dissatisfaction with the absence of proposed tax reforms in the federal budget, despite their thriving personal financial performance in recent fiscal years. The CEOs of Tilray Brands (TSX: TLRY), Village Farms International Inc. (TSX: VFF), and Canopy Growth Corp. (TSX: WEED) have all lamented […]
Lion Electric: The Third Electric Vehicle Maker To Lay Off Employees This Week
Lion Electric (TSX: LEV) this morning disclosed its decision to downsize its workforce, marking the third electric vehicle maker to initiate such measures recently just this week. The reduction, aimed at aligning operational costs with current market dynamics, encompasses approximately 120 employees, primarily affecting Canada-based personnel in overhead and product development roles. Notably, Lion ensures […]
Lithium Americas Falls 27% In Pre-Market Trading Following US$275 Million Financing
Lithium Americas (TSX: LAC) is expected to have a red day on the markets today, after pricing a financing that was announced last night. The offering is set to come at a significant discount to the last traded price of the equity. The financing will see the company raise US$275 million at a price of […]
EMP Metals Sees DLE Pilot Plant Begin Operation In Saskatchewan
EMP Metals (CSE: EMPS) is set to begin the commissioning of a direct lithium extraction pilot facility in Saskatchewan. The facility is set to use DLE tech from Koch Technology Solutions, marking the first time the tech will be used in Canada. The pilot facility is expected to process 4,500 litres per day of feed […]
Lithium Chile Prepares To Spinout Gold, Lithium Assets In Chile
Lithium Chile (TSXV: LITH) is set to maximize shareholder value through the spin out of its Chilean assets into two separate entities.
US Lawmakers Introduce Bipartisan Bill to Sanction Chinese Firms Aiding Russia
US lawmakers on Wednesday introduced a new bill aimed at imposing sanctions on any Chinese military firms that provide material support to Russia. The “No Limits Act,” introduced by Republican Representative Mike Gallagher (WI) and sponsored by Representatives Jared Golden (D-ME), John Moolenaar (R-MI), and Jimmy Panetta (D-CA), would give Chinese military firms identified by […]
“Spending 20 Times More On Salaries, Bonuses Than On Actual Infrastructure”: Conservative MP Criticizes Canada Infrastructure Bank
In a recent post on X, Haldimand-Norfolk MP Dr. Leslyn Lewis raised concerns about the spending habits of the Canada Infrastructure Bank (CIB). According to Lewis, the CIB, with a budget of $35 billion, has been allocating a substantial portion of its funds towards salaries and bonuses rather than infrastructure projects. Lewis highlighted that in […]
Biden Administration Expected to Reject Controversial Alaska Road Project
The Biden administration is poised to decline a contentious road-building project aimed at facilitating the extraction of major copper and zinc deposits in the remote Alaskan wilderness. This move is anticipated to be announced in a final environmental analysis expected later this week, according to sources familiar with the decision. The Ambler Road project, spanning […]
Walmart Settles $45 Million Class-Action Lawsuit over Alleged Overcharging
Retail giant Walmart (NYSE: WMT) has agreed to pay $45 million to settle a class-action lawsuit that accused the company of overcharging customers for certain food items. The lawsuit, Kukorinis v Walmart Inc., alleged the following: For weighted goods like meat and seafood, Walmart’s point-of-sale systems would artificially inflate the product’s weight, resulting in customers […]