Feds Waste $8 Million Building A Barn
Access-to-information records obtained by the Canadian Taxpayers Federation reveal that the Canadian government spent $8 million on a barn constructed on the grounds of Rideau Hall. The National Capital Commission (NCC), responsible for maintaining official residences, oversaw this pandemic-era construction project, which is described as the government’s first “zero-carbon” building. The Barn, as the project […]
Poilievre Wants HSBC-RBC Merger Blocked: “No Hope Of… More Competition”
Conservative Leader Pierre Poilievre is urging the federal government to rebuff the Royal Bank of Canada’s (RBC) proposed acquisition of HSBC Bank Canada, citing concerns that this move would diminish competition in the banking sector at a time when Canadian homeowners are grappling with exorbitant borrowing costs. In an interview with The Globe and Mail […]
SNDL To Close Olds, Alberta Facility As It Consolidates Cannabis Operations
SNDL (NASDAQ: SNDL) is cutting its Canadian cannabis operations in a bid to enhance the profitability of the segment. The company last night revealed it would be closing what was once its flagship facility in Olds, Alberta, as part of those changes. Cultivation activities are slated to be consolidated to SNDL’s Atholville, New Brunswick facility, […]
FaZe Clan To Be Acquired By GameSquare In All-Stock Deal
It’s the end of a (brief) era. The saga of FaZe Clan (NASDAQ: FAZE) as a public entity is about to come to an end with the announcement this morning that GameSquare Holdings (TSXV: GAME) will be acquiring the brand in an all stock transaction. The transaction will see FaZe shareholders receive 0.13091 of a […]
BBTV Goes Private Less Than Three Years After IPO
Vancouver-based media tech firm BBTV Holdings (TSX: BBTV) made a significant announcement on October 17: it’s going private less than three years after it went public. This strategic decision was influenced by a recommendation from an independent special committee within BBTV’s board of directors. The chair of this special committee, John Kim, emphasized in a […]
Electric Vehicles: Negative News Weighs On Sector
News surrounding the electric vehicle (EV) and lithium mining industries has been remarkably and uniformly negative over the last few weeks. Not surprising, the share prices of many key participants have underperformed the market over this period. Unfortunately, little constructive news seems likely to be announced for at least for some time, with one possible notable […]
Ottawa Vs. Alberta: The Canada Pension Plan Pullout Debate
Prime Minister Justin Trudeau has expressed concerns about Alberta Premier Danielle Smith’s push to withdraw the province from the Canada Pension Plan (CPP), emphasizing the potential risks to “certainty and stability” in an open letter. Trudeau’s letter conveys his unease, stating, “With all the uncertainty they face, Canadians should not have to worry whether or […]
Bipartisan Lawmakers Push for Action Against Hamas’ Crypto Financing
In response to the recent deadly attack by Hamas in Israel, a bipartisan group of 105 US lawmakers, led by Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, has urged the Biden administration to swiftly address the use of cryptocurrencies by Hamas and its affiliate, Palestinian Islamic Jihad. The lawmakers expressed “grave concern” over […]
CBC/Radio-Canada Widens Loss In 2023 Despite $1.27 Billion In Gov’t Funding
National public broadcaster CBC/Radio-Canada just dropped on Wednesday its annual financial results for 2022-2023, period ending March 31, 2023. The firm finished the fiscal year with a net loss of $125.1 million, a decline from last year’s net loss of $92.1 million. The decline can be attributed to lower revenue, yielding $515.6 million for the […]
Binance France’s Managing Director Stéphanie Cabossioras Resigns Amid Regulatory Challenges
Stéphanie Cabossioras, the managing director of Binance’s French unit, has stepped down from her position, marking another departure of senior leaders at the cryptocurrency exchange this year. Cabossioras, who initially joined Binance as the head of legal for the region and later assumed the role of general manager in France, had been an integral part […]