Canada’s NATO Defense Spending to Fall Shorter Than the Government Projects, Watchdog Reports
Canada’s Parliamentary Budget Officer (PBO) Yves Giroux has bad news for Canada’s North Atlantic Treaty Organization (NATO) allies. On Monday, the day before the start of the 2024 Washington summit, Giroux released a report challenging the government’s projections on defense spending. The analysis suggests that Canada will fall even further behind its NATO commitment to […]
Hertz CEO Revamps Leadership With Ex-Delta Executives Amid Ongoing Pivot
In a move to revitalize the struggling rental car giant, Hertz Global Holdings Inc. (Nasdaq: HTZ) CEO Gil West has appointed several former Delta Air Lines executives to key positions within the company. This overhaul comes as part of West’s broader effort to stabilize Hertz since assuming the CEO role on April 1. West, who […]
Canada Nickel, Noble To Consolidate Nickel Assets
Canada Nickel Company Inc. (TSXV: CNC) has entered into a binding letter of intent with Noble Mineral Exploration Inc. (TSXV: NOB) to form a new private company (ExploreCo) aimed at consolidating their nickel mining properties in northeastern Ontario. The announcement marks a strategic move to streamline the development and enhance the value of their extensive […]
Government-Led Sales and Sleeping Whales Shake Up Crypto Market, BTC Drops Below $57K
Activity from long-dormant Bitcoin wallets and government-led sales has been making it difficult for Bitcoin bulls the past few days, pushing down the BTC to its lowest level since May. Just on Friday alone, at least three notable Bitcoin wallet awakenings have occurred. A wallet inactive since 2013 transferred over 1,000 bitcoins. This was followed […]
Sponsored · Selkirk Copper Mines
New Report Predicts More “ArriveCan-Type” Scandals
A new report has highlighted critical shortcomings in the Canadian federal government’s IT procurement practices, predicting that without significant reforms, more scandals like the controversial ArriveCan application are inevitable. This comes following the Royal Canadian Mounted Police (RCMP) recently raiding the home of a top contractor for the ArriveCan app, GC Strategies, which was paid […]
Soma Gold Halts Operations at El Bagre Mine Due to Community Blockade
Soma Gold Corp. (TSXV: SOMA) has announced a temporary halt in mining and processing activities at its El Bagre mine and mill in Antioquia, Colombia due to a community blockade. The blockade, which began on July 3, has restricted access for employees and supplies, resulting in the site entering care and maintenance status. The blockade […]
Boeing Pleads Guilty to Criminal Fraud Charge Over Fatal 737 Max Crashes
Boeing (NYSE: BA) will plead guilty to a criminal fraud charge related to the tragic crashes of its 737 Max jetliners that killed 346 people, the Justice Department announced. The government determined that the aerospace giant violated an agreement which had shielded it from prosecution for over three years. Federal prosecutors gave Boeing the option […]
Canada’s Population Is Up 1.27 Million in 12 Months, and People Still Can’t Afford to Buy a House
Recent data reveals that Canada has seen a staggering increase of 2.87 million people over the past three years. This influx, equivalent to the combined populations of Manitoba and Saskatchewan, has placed significant pressure on the housing market. So significant that even a long-awaited rate cut couldn’t cut it. Statistics Canada reports that in the […]
Sponsored · Silver47 Exploration Inc.
Iran Reports Warship ‘Incident’: Sahand Frigate Capsizes, Crew Injured
An Iranian warship capsized at the port of Bandar Abbas on Sunday, resulting in multiple hospitalizations, according to state media reports. The incident involved the Sahand, a domestically produced Moudge-class frigate, which lost balance and partially sank while undergoing repairs. Initial reports from the Mehr News Agency attributed the mishap to a “technical failure.” Later, […]
Rumors of a Home Equity Surtax Resurface Ahead of the Elections
A proposed surtax on home equity for properties valued over $1 million has recently gained renewed attention, sparking widespread discussion and controversy. This proposal, initially put forward by Generation Squeeze and backed by the Canada Mortgage and Housing Corporation (CMHC), aims to address the mounting housing affordability crisis in Canada. Generation Squeeze, a Vancouver-based advocacy […]