CRA Dismisses 120 Employees Over CERB Benefit Misuse
The Canada Revenue Agency (CRA) recently terminated 120 of its employees following revelations they wrongfully claimed the CERB during the pandemic’s early stages. An internal inquiry had uncovered approximately 600 questionable claims from within the CRA workforce. The CRA’s statement unveiled that while 120 of these suspects are no longer part of the agency, investigative […]
“Entrepreneur” Vivek Ramaswamy Made Money Out Of A Failed Alzheimer’s Drug And Left Investors Behind
Vivek Ramaswamy, a 38-year-old biotech entrepreneur, has emerged as a formidable contender for the Republican presidential nomination. Just six months ago, he was relatively unknown among the candidates, but his unconventional approach, tireless campaigning, and alignment with front-runner Donald Trump have propelled him to a second-place position in certain Republican primary polls. Ramaswamy’s appeal was […]
Canada Moves Ahead with Digital Services Tax Despite Opposition
Canada is set to join the ranks of countries implementing a Digital Services Tax (DST) within the past three years, despite opposition from the United States and concerns voiced by Canadian businesses. The Canadian government initially unveiled plans for a DST in its 2021 budget but temporarily suspended them to assess the outcome of the […]
New Documents Reveal Adani Family Secretly Invested In Own Shares Through Proxies
The Global Opportunities Fund located in Bermuda, at first glance, appeared to be just another unremarkable investment vehicle – a broad and inconspicuous financial entity. However, beneath this façade, two individuals were utilizing the fund for a very specific purpose: accumulating and trading substantial holdings in shares of the Adani Group, one of India’s largest […]
Another Metal Theft Caused European Copper Producer To Lose Hundreds Of Millions
Aurubis AG, Europe’s leading copper producer, faces potential losses in the hundreds of millions of euros following a significant metal theft incident, prompting the company to revise its profit forecast for the year. The extent of the damage is still unknown, but Aurubis has detected substantial discrepancies in its metal inventories and shipments related to […]
The Growing Mortgage Problem In Canada
Canadian consumers are feeling the pinch of rising interest rates, and Canada’s major banks are gearing up to face the challenges ahead. As the country’s big six banks reported their quarterly financials, a trend appeared in which the firms’ mortgage loans are leaning towards very long-term amortization periods. In recent bank earnings reports, it’s evident […]
BC Premier Begs BoC For Interest Mercy: “Consider The Full Human Impact”
British Columbia’s Premier, David Eby, has taken a bold stance on the looming interest rate hike in September, expressing his concerns in a letter addressed to Governor Tiff Macklem of the Bank of Canada. Eby emphasized the adverse impact that this rate increase could have on the people of British Columbia. “In your role as […]
US Announces More Auto Subsidies to Expedite EV Transition
The Biden administration has unveiled a new initiative to support the transition to clean energy, offering $12 billion in grants and loans for automakers and suppliers to retrofit their facilities to make electric and hybrid vehicles. Energy Secretary Jennifer Granholm made the announcement on Thursday, emphasizing the administration’s commitment to ensuring a smooth shift to […]
First Phosphate Reports 36.5% Phosphate In Grab Samples At Larouche
FULL DISCLOSURE: This is sponsored content for First Phosphate. First Phosphate (CSE: PHOS) continues to conduct exploration work on its properties within the Saguenay-Lac-St-Jean region of Quebec. The firm recently conducting a geological reconnaissance program at its Larouche property in the region, from which it has reported assay results from grab samples. Grab samples conducted […]
PyroGenesis Sees AMF Launch Proceedings Against Company, CEO, Director
The securities regulator in Quebec, Autorité des marchés financiers (AMF), has elected to take regulator action against that of PyroGenesis Canada (TSX: PYR), along with CEO Peter Pascali and director Alan Curleigh. The actions relate to dealings with Phoenix Haute Technology, a company that was controlled by the late father of Pascali, from which certain […]