Feds Unveil $1.0 Billion National School Food Program
The Canadian federal government has announced plans to launch a $1 billion national school food program aimed at providing meals to an additional 400,000 children per year. The program, announced by Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland, will be implemented over five years starting in the 2024-2025 school year. Canada is currently […]
F1 Jackpot: Las Vegas GP Rakes in $1.5 Billion
The inaugural 2023 Las Vegas Grand Prix delivered a massive economic windfall for the city, according to a new report from Clark County. The highly anticipated Formula 1 race, which took over the iconic Las Vegas Strip, generated a staggering $1.5 billion in revenue. Visitors attending the Las Vegas GP spent an average of $4,100 […]
Rare Human Case of Deadly Bird Flu Reported in Texas
A rare human case of the highly pathogenic H5N1 avian influenza, commonly known as bird flu, has been reported in Texas. The infected individual worked at a dairy farm where cattle had recently tested positive for the same virulent strain. This marks the first human case since the virus was detected in dairy cattle across […]
Two Of Big Four Accounting Firms Fail Canadian Audit Standards
Two of Canada’s prestigious Big Four accounting firms failed to meet regulators’ standards for quality audits last year, the Canadian Public Accountability Board (CPAB) reported. The regulatory body, responsible for overseeing firms auditing publicly traded companies, disclosed in its annual report that one Big Four firm grappled with issues in 29% of the company audits […]
Utah Governor Signs Bill Allowing State Investment in Gold and Silver
Utah has become the latest state to explicitly allow its treasurer to invest a portion of state funds in physical gold and silver bullion. Governor Spencer Cox recently signed House Bill 348 into law, permitting up to 10% of certain state reserve accounts to be held in the monetary metals. The new law applies to […]
Per Bank Made Bank: Loblaw CEO Made A Hefty $22 Million Amid Boycott Calls
Loblaw Companies (TSX: L) has faced scrutiny after it disclosed the hefty compensation package of its new chief executive, Per Bank, totaling $22.1 million for the year 2023. Bank, who assumed the role on November 1st, received a one-time $18 million award to replace forfeited compensation from his former employer, Denmark-based retailer Salling Group. The […]
First Phosphate Drills 15.01% P2O5 Over 7.6 Metres At Begin-Lamarche
First Phosphate (CSE: PHOS) has released further assay results from its ongoing drill program at the Begin-Lamarche project. The program, at 25,000 metres in size, is said to have seen 16,435 metres drilled so far.
Nuvei To Go Private In $6.3-Billion Buyout Deal
Nuvei (TSX: NVEI) has announced its agreement to go private in a deal led by private equity firm Advent International. The arrangement agreement values the payment company at an enterprise value of approximately $6.3 billion. Under the terms of the agreement, Advent International will acquire all issued and outstanding subordinate voting shares of Nuvei, as […]
Kinross Gold’s Great Bear Project Undergoes Federal Impact Assessment
The Impact Assessment Agency of Canada (IAAC) has initiated a federal impact assessment for Kinross Gold’s (TSX: K) Great Bear Project, a step in the scrutiny process for one of Red Lake’s next generation gold mines. Following a notification in March, IAAC has deemed a federal impact assessment necessary after reviewing the detailed project description […]
Tesla Tumbles In Pre-Market Trading Following Weak Q1 Production, Delivery Figures
Tesla (NASDAQ: TSLA) has fallen far short of analyst estimates for its first quarter production and delivery performance. The company this morning released the much anticipated results, while blaming the shortfalls on an “early phase of the production ramp” of its updated Model 3. The company also worked to blame the weak numbers on factory […]