Skylight Health To Wind Down What Little Remains Of Operations After Foreclosure
After seeing its lenders foreclosure on certain of its US operations, Skylight Health (TSXV: SLHG) is reporting that it no longer has any remaining material operations in the US, and is now in the process of dissolving the remainder of the US subsidiaries. At the same time, the company is reportedly taking efforts to maximize […]
Outcrop Silver To Acquire Zacapa Resources In Related-Party Deal
Outcrop Silver & Gold Corp (TSXV: OCG) and Zacapa Resources (TSXV: ZACA) have elected to come together as a single company via an all-share transaction. The transaction is being pushed as means of strengthening Outcrop’s exploration and development pipeline while reducing operating and overhead expenses for the two firms. For Zacapa, the move is said […]
Gazprom Reports Net Loss Following Europe Clients Exodus
In its latest financial report, Russia’s energy giant Gazprom revealed a net loss of 18.6 billion roubles ($197 million) for the second quarter of 2023. This marks a significant shift from the net profit of 1.03 trillion roubles recorded in the same period last year. The downturn is attributed to the disruption in gas exports […]
CIBC Sees 14% Decline In Net Income For Q3 2023, Nearly $500 Million Increase In Credit Loss Provisions
Canadian Imperial Bank of Commerce (TSX: CM) reported its financials for Q3 2023, highlighted by $5.85 billion in quarterly revenue. This is an increase from both Q2 2023’s $5.70 billion and Q3 2022’s $5.57 billion, and the topline figure beat the street estimate of $5.81 billion. However, net income saw a decline, ending at $1.43 billion […]
Crisis in Gabon: Military Coup Puts President Bongo Under House Arrest Amidst Rising Instability in Africa
In a sudden and audacious move, military officers in Gabon declared they had seized power, placing Gabonese President Ali Bongo under house arrest. This abrupt decision comes hot on the heels of Bongo being declared the victor of a contentious presidential election, where he secured 64.27% of the votes. Officers of the Gabonese Armed Forces […]
Tesla YouTuber Tells People: “Don’t Pay For Full Self-Driving”
Content creator Justin Demaree, more commonly known as Bearded Tesla Guy, has come out with a YouTube video that basically advises people not to purchase the $15,000-upgrade to full self-driving (FSD) for their Teslas without first understanding the list of limitations their cars would have in enabling the coveted autonomous feature. “I may get a […]
A Vast Majority of American Voters Are Worried About Democracy
A recent poll conducted by the Bipartisan Policy Center and Morning Consult reveals that a vast majority of American voters express concerns about the state of democracy in the United States. The survey, exclusively released to The Hill, found that 82% of voters are worried about the state of democracy, with 40% indicating they are […]
Competition Bureau to Pay $13M to Telecom Giants After Failed Merger Block
In a significant ruling, Canada’s merger court has directed the Competition Bureau to compensate Rogers Communications (TSX: RCI.B) and Shaw Communications Inc. (TSX: SJR) to the tune of $13 million. This decision arises from a protracted legal wrangle where the Competition Bureau tried— albeit unsuccessfully, to halt the telecom giants’ controversial $20-billion merger. Dated August […]
Cannabis Recommended To Be Moved To Schedule 3 By US Health Officials
In a significant development that could have far-reaching implications for the cannabis industry, health officials in the United States are advocating for the relaxation of restrictions on cannabis. A prominent figure at the Department of Health and Human Services, Assistant Secretary for Health Rachel Levine, has written a letter to Drug Enforcement Agency administrator Anne […]
Trudeau Tries to Desperately Buy Back the Young Vote He Needs
Canadian Prime Minister Justin Trudeau announced on Tuesday that his government has eliminated interest on Canada Student Loans and Canada Apprentice Loans. The move is one of a few steps, maybe too few, that the government is taking to “make life more affordable for Canadians” in a climate where people are growing increasingly frustrated with […]