Aston Bay Holdings Sees American West Metals Fall 21% After Assay Results At Storm Copper Project
Aston Bay Holdings (TSXV: BAY) is expected to experience a rough session on Tuesday following the release of assay results from recent drilling conducted by American West Metals, the operator of the firms Storm Copper Project in Nunavut. American West revealed on Monday the results of two drill holes conducted on the property, with highlights […]
Another Bill C-18 Nail To The Online News Coffin: 4% Tax On News Links
The Canadian government has unveiled the draft regulations for Bill C-18, raising the stakes for tech giants Alphabet (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META). The core of this regulatory framework is the establishment of a 4% revenue floor for linking to news content, a move that could have global implications, potentially costing Google billions […]
Chamath Palihapitiya Argues That Tesla’s Price Cut Strategy Is Bullish, Gets Dunked On
Tesla’s (NASDAQ: TSLA) recent series of price reductions have raised concerns among both investors and enthusiasts, who worry about the potential impact on the company’s profitability and view it as a possible indicator of diminishing demand. Prominent SPAC investor and venture capitalist Chamath Palihapitiya weighed in on Tesla’s aggressive pricing strategy. He shared a screenshot […]
Tattoo Artist Sues 2K Games Over LeBron James’ Tattoos in NBA 2K21
A tattoo artist is suing 2K Games, Inc., Take-Two Interactive Software (NASDAQ: TTWO), the makers of the popular video game NBA 2K21, for copyright infringement. The artist, James Hayden, claims that 2K used his original designs for the tattoos of LeBron James, Danny Green, and Tristan Thompson without his permission. Hayden is a well-known tattoo […]
As the Cost of Living Continues to Rise, Household Debt Jumps to $2.34 Trillion in Canada
According to TransUnion’s Q2 2023 Credit Industry Insights Report, the average credit card balance now stands at $4,000, reflecting a 4.2% increase in Canadian household debt compared to the previous year, totaling an astounding $2.34 trillion for Canadians. Not quite surprisingly, the main driver of this debt surge has been mortgage loan debt, which has […]
Interest Rate Aftermath: Canada’s Economy Unexpectedly Contracts in Second Quarter
Canada’s real GDP in the second quarter remained largely stagnant, showcasing the tangible impact of 475 basis points in interest-rate hikes. The most recent data from Statistics Canada implies that these incremental rate hikes by the central bank may have had a more pronounced dampening effect on the economy than initially estimated. Speculations are rife: […]
Retail Chain Demands Action Against Surging Crime Rates Following Low Charges in Anti-Shoplifting Effort
A prominent retail chain operating 79 stores across western Canada, including 52 in British Columbia, is calling for immediate action and justice against what it labels an “ongoing tsunami of crime.” London Drugs, a pharmacy and retail chain, reported a staggering 500% surge in retail violence over a span of four years, prompting a considerable […]
Economist Reveals Canada May Be Undercounting Its Non-Permanent Residents by Over a Million
Canada’s official count of non-permanent residents, which includes foreign students, has been revealed to be significantly underreported — by over a million individuals — according to Benjamin Tal, Deputy Chief Economist of CIBC Capital Markets. At a gathering in Charlottetown, Tal informed the Liberal government that the official estimate of around one million non-permanent residents […]
Burning Man Festival Tells Attendees To Shelter In Place, Conserve Food After Rainstorm
This year’s Burning Man festival in the Black Rock Desert of Nevada became quite the experience for festival goers after a heavy rainstorm hit the area. The rainstorm brought ankle-deep mud to the region, with vehicles stopped from traveling in or out of the region due to the treacherous conditions. A nearby airport meanwhile remains […]
Competition Bureau Clears RBC’s $13.5B Acquisition of HSBC Canada
The Royal Bank of Canada (TSX: RY) has successfully secured approval from the Competition Bureau for its planned acquisition of HSBC Canada. This decision came after the Bureau’s thorough examination, indicating that the acquisition would not likely result in substantial reduction of competition within the banking industry. Nevertheless, the Competition Bureau highlighted that the broader […]