Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Caitlin Fichtel, an Editor on Bloomberg’s Breaking News team which monitors everything from company statements to tweets from some of the most prominent people in the financial world. — Welcome to Social Buzz, a daily column looking at what’s […]
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Like their global peers, many Canadian investment banks had staffed up during the pandemic only to see dealmaking slow last year. At Royal Bank of Canada, the country’s biggest lender, for instance, headcount at its capital markets division jumped by 71 per cent over the two years ending Oct. RBC, which was ranked No. We […]
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TORONTO — Sphere 3D Corp. Current geopolitical and financial issues have delayed our efforts as banks and institutions grapple with the potential outcome of higher inflation and the uncertain economic outlook. “The cryptocurrency mining industry continues to be challenged by increasing energy prices and the lack of available space for miners during the second quarter. […]
Sales in April fell 26% in Toronto from March, 22% in Calgary and 17% in Vancouver. Toronto prices dropped 6.4% in April on a seasonally-adjusted basis from the month before, the worst drop since April 2020, when the pandemic basically froze the market. Another important indicator is sales-to-new-listings ratios which declined in Toronto, Vancouver and […]
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With a proven track record for transforming cannabis retail shopping into an immersive experience, Superette will apply their creative approach to cannabis retail on the DoorDash marketplace app. Superette and DoorDash Canada both recognize the growing expectations of customers who want to access the best of their neighborhood through the convenience of an app. Superette […]
Trading in overnight swaps show investors are now fully pricing in a second 50-basis-point increase at the central bank’s June 1 meeting. Canadian Imperial Bank of Commerce and Laurentian Bank of Canada switched their calls to a 50 basis point hike after the inflation report. Macklem and his officials also raised their estimate for the […]
The stock is up 180 per cent since the beginning of 2021, propelling the company’s market value past Suncor Energy Inc., which was the most valuable Canadian oil producer, as well as major American competitors like Pioneer Natural Resources Co., even after adjusting for U.S. Shares of Canadian Natural, which pumps more than 1.2 million […]
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Energy and materials companies now constitute about 31.07 per cent of the S&P/TSX Composite Index, surpassing Canada’s banks, insurers and asset managers, which have a 30.9 per cent weighting. Oil and metals stocks have been on a tear this year as investors sought haven assets with markets reeling from a tight oil market, economic growth […]
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The national poll1 – conducted by the independent market-research provider Pollfish, commissioned by Jushi and overseen by Associate Professor at ArtCenter College of Design, Interaction Designer, Futurist and Jushi Experience Director Julian Scaff – revealed that more than half of cannabis consumers tried “legal cannabis” for the first time in the last 12 months. “The […]
Finance Minister Chrystia Freeland is confident her government’s new carbon capture tax credit is going to succeed in luring large-scale investment in the technology in Canada. Freeland was in her home province of Alberta to sell the Liberal’s 2022 budget and to promote new measures aimed at driving investment in carbon capture, utilization and storage […]
Cambridge, Ontario, Canada, April 13, 2022 — April 20, also known as 420, is recognized as a day of paramount celebration for cannabis enthusiasts around the world. Both specialty beers include cannabis terpenes, the naturally occurring chemical compounds responsible for the unique aromas and flavours of the plant. Relying on its years of experience and […]
Standing at the front of a room full of Calgary business leaders, Randy Boissonnault seemed to know better than to expect an enthusiastic reception. If Boissonnault felt inclined to be more candid than usual in his comments to the Calgary Chamber of Commerce crowd on April 11, it may have helped that he was not […]
But we don’t think it’s a fatal flaw,” said Michael Belenkie, CEO of Advantage Energy, a mid-sized producer that is pursuing carbon capture and storage developments. MEG is part of the Oilsands Pathways to Net Zero Alliance, a group of six companies working together to reach net-zero emissions by 2050. Some environmental groups lambasted the […]
COACHELLA VALLEY, Calif., April 11, 2022 — Today Green Horizons announced plans for its massive, trailblazing Canna-Campus in Coachella Valley, which broke ground late last year and is under construction. that will serve as the Company’s corporate headquarters as well as its brand incubator, along with additional light deprivation greenhouse cultivation space. Combining the management […]
The Trudeau government’s new fiscal plan also includes a 60-per-cent credit for investment in direct air capture technologies to remove carbon from the atmosphere. Conventional oil producers in particular were disappointed with the federal government’s decision to opt against extending the credit to projects that capture carbon dioxide for use in enhanced oil recovery , […]