Delay in Online Streaming Act Consultations Raises Concerns
The Canadian Radio-television and Telecommunications Commission (CRTC) has fallen behind on the consultations for the Online Streaming Act, formerly known as Bill C-11. This delay has left stakeholders in the dark about the next steps in the implementation of this significant piece of legislation. After it was passed, the bill amended the Broadcasting Act to […]
Man Sues President Biden for $500 Billion, Also Demands $100 Billion from Taylor Swift
A man previously charged with stalking superstar Taylor Swift has filed a lawsuit against President Joe Biden, demanding $500 billion in damages in a bizarre legal case. The plaintiff, identified as Mitchell Taebel, has also demanded an additional $100 billion from Swift, though she is not named as a defendant in the suit. Taebel, who […]
Iron Ore Prices Surge as Soft Chinese Data Fuels Stimulus Anticipation
Iron ore futures prices saw an uptick on Thursday following the release of subdued data from China, the world’s leading consumer of the commodity, prompting expectations of increased stimulus measures in the second quarter to bolster the economy. The most-active September iron ore contract on China’s Dalian Commodity Exchange (DCE) concluded daytime trading 1.29% higher […]
Former Interpreter Accused of Stealing Over $16 Million from MLB Superstar Shohei Ohtani
Federal authorities have accused Ippei Mizuhara, the former interpreter for Los Angeles Angels star Shohei Ohtani, of stealing over $16 million from the baseball player to pay off gambling debts. According to a complaint filed by federal authorities, Mizuhara, 39, is facing charges of bank fraud, which can carry a maximum fine of $1 million […]
Trudeau’s Decision to Sell Canada’s Gold Reserves Has Now Cost Canada Over $149 million
The Trudeau government’s decision to sell off nearly all of Canada’s gold reserves in 2016 has come at a heavy price for the country’s coffers. As seen from the analysis of SmallCapSteve, the decision has cost Canadians over $135 million, as gold prices have more than doubled since the sales took place. In 2016, Canada […]
Changing Mortgage Rules Again: Freeland Announces Permanent Amortization Extension
Deputy Prime Minister and Finance Minister Chrystia Freeland revealed a series of significant housing affordability initiatives on Thursday aimed at easing the burden on both aspiring homeowners and current property owners across Canada. In a press conference held in Toronto, Freeland expressed her optimism regarding the impact of the measures, stating, “I really hope and […]
Bitfarms Hits Hashrate Milestone Of 7 EH/s For Bitcoin Mining
Bitfarms Ltd (TSX: BITF) is reporting this morning that it has reached a new milestone in computing power. The company has managed to achieve a hashrate of 7 EH/s, following recent installations of bitcoin miners at its facilities. The milestone was achieved following 5,000 Bitmain T21 miners being placed into operations at its operations in […]
Steppe Gold To Acquire Boroo Gold For $95 Million In Shares, Create Leading Mongolia Producer
Steppe Gold (TSX: STGO) is set to become a leading producer of gold in Mongolia, announcing the morning that it it has entered into a share exchange agreement to acquire Boroo Gold LLC. Boroo Gold is currently a leading producer in the country, with the mine estimated to produce 60,000 ounces of gold per year […]
Homeownership Feels Out of Reach for Many Canadians
A new CIBC survey reveals that 76% of Canadians who don’t own a home feel that buying a property is unattainable. The poll shows that the majority of non-homeowners are struggling to save for a down payment, with 63% citing this as a major barrier. The survey comes as the federal government announced measures to […]
AI Is Consuming Power at Record Rate, Data Centers to Make Up Demand Growth
The US electric utility industry is forecasting a significant increase in electricity demand driven by the rapid growth of data centers powering emerging technologies like generative AI. According to a Reuters analysis, nine of the top 10 US electric utilities cited data centers as a primary source of customer growth, leading many to revise their […]