Archives

BMO Misses Quarterly Profit Estimates, Increases Dividends

Bank of Montreal (TSX: BMO) shares fell by more than 7% on Wednesday after the Canadian lender reported quarterly earnings that missed analysts’ expectations, primarily due to higher loan loss provisions and underperformance in its U.S. segment. The bank’s shares reacted negatively as investors digested the impact of ongoing economic challenges and competitive pressures. BMO’s […]

What Canada Could Lose With The Government’s Plan To Limit Oil and Gas Emissions

If the government proceeds with its proposed oil and gas emissions plan, Canada could face significant economic repercussions. According to a recent report by S&P Global, the stringent emissions reduction strategy could result in a 17% decrease in conventional oil and gas production, the loss of 51,000 jobs annually, a $74 billion reduction in investment, […]

Advocates Push For Lowering Voting Age to 16: “The Science Is Clear”

The Vote16 Summit was held recently in Parliament Hill in Ottawa as part of a renewed push to lower Canada’s voting age to 16. This event, featuring prominent advocates and parliamentarians, highlighted the growing support for this democratic reform. Senator Marilou McPhedran, the first senator to introduce a bill to lower the federal voting age, […]

Major Lithium Discovery in Pennsylvania Could Transform U.S. Supply

Researchers at the University of Pittsburgh have uncovered a substantial lithium resource in Pennsylvania, suggesting the potential to meet up to 40% of the United States’ lithium needs from the wastewater of Marcellus Shale gas wells. This finding could significantly impact the US domestic supply of this critical mineral. “This is lithium concentrations that already […]

China to Restrict Exports of Aviation and Aerospace Components Citing National Security

China has announced that it will impose restrictions on the export of certain aviation and aerospace components and technologies starting July 1, in a move aimed at safeguarding national security. This development marks a significant shift in China’s export control policies, aligning with international practices of regulating sensitive materials and technologies. The Ministry of Commerce, […]

Canadian GDP Growth Falls Short As Economy Narrowly Avoids Stall

Canada’s economy grew 1.7% in the first quarter, undershooting expectations as a surge in household spending was offset by slower inventory accumulation and sluggish trade flows. Gross domestic product expanded an annualized 1.7% in the first three months of 2024, Statistics Canada said Friday. That missed the median forecast of 2% in a Bloomberg survey […]

Acreage Holdings Posts Negative Gross Margins In Q1 2024

Canopy Growth (TSX: WEED) is about to take on a headache with its acquisition of Acreage Holdings (CSE: ACRG.A.U), whom this morning reported its first quarter 2024 financial results. The multi state operator reported negative gross margins on consolidated revenue of $45.3 million for the quarter, with revenue declining 19% on a year over year […]

Canada Jetlines Sees CEO Resign, Board Chair To Assume Role On Temporary Basis

Canada Jetlines (CBOE: CJET) has seen its chief executive officer hand in his resignation notice. Eddy Doyle, CEO of Jetlines since January 2021, has elected to retire after three and a half years on the job. Doyle will remain in the role until June 30, 2024, after which current chair of the board, Brigitte Goersch, […]

Sassy Gold Walks Away From US$8.4 Million Purchase Of Uranium Assets

Sassy Gold (CSE: SASY) has walked away from a large transaction that would have seen the company enter into the uranium sector. The firm was set to acquire a total of fifteen uranium properties across Colorado and Utah, found within the Colorado Plateau. The company has said it is walking away due to “a number […]

OpenAI Board Found Out About the Launch of ChatGPT on Twitter

Former OpenAI board member Helen Toner revealed that the board was not informed about the company’s launch of its chatbot, ChatGPT, in November 2022, she recently revealed in a TED AI podcast. Toner and other board members instead discovered the launch on Twitter, which ultimately led to the firing of Chief Executive Officer Sam Altman […]