MicroStrategy CEO predicts that Bitcoin is ‘going up forever’ | Financial Post

In Q3, MicroStrategy purchased 9,000 bitcoins, bringing its total bitcoin count to 114,042. In Q3, revenue totalled 13.76 billion, representing a 57 per cent increase year over year. To be sure, Tesla currently trades at over $1,100 per share. We have enabled email notifications—you will now receive an email if you receive a reply to […]

‘A proxy for holding Bitcoin’: Crypto firms set to go public as market hits US$3 trillion | Financial Post

Since the pandemic bull market emerged, demand for publicly traded companies that participate in the crypto ecosystem have surged, too, with a number of firms such as Coinbase and Voyager Digital listing on public markets. “One of the reasons U.S. Miners tend to have fixed costs and their performance tracks the price of bitcoin, not […]

‘Can I buy your bitcoin book with bitcoin?’: Turns out making that happen was harder than I thought

Most meant it as a joke, but as I thought about it, I realized the underlying issue was consequential. My experience underscores how, despite how some might dream, society as a whole is simply not ready for cryptocurrency as an everyday medium of exchange. Toronto’s Coinberry had proudly announced it had partnered with the Ontario […]

Cannabis Consumer Brand, BOXHOT, Launching Canada’s First 1000mg THC … – Financial Post

With the introduction of its fully customized, industry-exclusive 1.2g Alien OG vape, boasting a market-first,1000mg of THC, the BOXHOT 1000 Alien OG vape is formulated to produce big clouds with some of the purest cannabis distillate available on the market. With 3x the capacity of standard 510 batteries at 650mAh, these oversized and powerful Glow […]

Bitcoin miner Compass to open 95 per cent ‘clean’ power site in Ontario | Financial Post

The Bitcoin miner is partnering with Red Jar Digital Infrastructure, a hosting infrastructure company, to open an Ontario-based facility that will more than double Compass’ existing mining capacity. The issue was put under a spotlight earlier this year when Tesla Inc.’s Elon Musk tweeted about Bitcoin’s environmental toll and cited it as one of the […]

Canada not expected to surprise at COP26 after shocking environment minister appointment …

Guilbeault, who is also a co-founder of Quebec environmental group Équiterre, also took stressed that his role as environment minister means he’s accountable to Canada, not the environmental activists expected to attend COP26 in Glasgow, which begins Oct. Indeed, experts do not expect Ottawa to unveil a series of new climate targets in Glasgow over […]

Apple and Amazon could shed $180 billion off their market caps this morning after holiday warning

Still, most analysts backed their buy calls, saying the issues are transitory. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. This website uses cookies to personalize your content […]

Krystle Wittevrongel: Let’s be smarter on carbon capture — we won’t get to net-zero without it …

Strangely, much of the focus of carbon policy has been on reducing the amount of carbon generated, with little attention paid to carbon capture, utilization, and storage . But it does so in a very concentrated way, as the cement is cooked in giant kilns, that lends itself to carbon capture. Worldwide, coal-fired power plants […]

South Africa unveils US$1.9 billion cannabis industry plan | Financial Post

The Department of Agriculture, Land Reform and Rural Development led a two-year process to craft a national strategy for the industrialization and commercialization of the plant. “Establishment of the cannabis industry will lead to diversification of the economy and thus increase economic growth, create jobs and for poverty alleviation,” the department said Wednesday in a […]

Canada ready to invest up to $440 million in green aerospace projects, Trudeau says

The money — designed to support new green aerospace projects — will be shared between training specialist CAE Inc., the Canadian unit of U.S. “There is fierce global competition to see who will develop the next cleaner aircraft or the next technology which will revolutionize the sector,” he said. We have enabled email notifications—you will […]

One country has embraced Bitcoin as legal tender — could it happen here?

In El Salvador and many other countries, Bitcoin is already a legal method of payment, assuming the recipient accepts it. Salvadoran President Nayib Bukele signed the law on June 9 with the stated goal of modernizing the country’s economy. Because Bitcoin isn’t regulated like traditional currencies, many governments worry about the potential for money laundering […]

This Week in Finance: Chip shortage could hit bank cards, bitcoin’s China exodus and HBC’s …

This week, a Munich-based payments association warned that there is a looming risk to the availability of payment cards caused by the global chip shortage — including in Canada. Near the end of February 2020, Richard Baker was finally able to declare victory in a bruising battle to take the storied Hudson’s Bay department store […]

Housing market will be ‘first casualty’ of higher interest rates, says former Bank of Canada economist

The heat in those eastern cities, combined with Vancouver’s chronically elevated prices, is making the national numbers frothy, as conditions in Calgary, Edmonton, and Winnipeg look reasonable, according to Alberta Central chief economist Charles St-Arnaud’s analysis. “The housing market will probably be the first casualty of higher rates,” St-Arnaud, who previously worked at the Bank […]

FP500 industry outlooks from banking to cannabis to telecoms

The big banks are still wildly profitable, even though they allowed people to defer mortgage payments during the pandemic and were hamstrung by increased capital requirements to cover potential loan losses and ensure their ongoing viability. The United States Federal Reserve has already indicated it will loosen the strings at the end of June, providing […]

El Salvador’s embrace of bitcoin could launch a financial revolution — or sow the seeds of more …

“I think El Salvador is not only a country anymore, it’s a symbol of what bitcoin can do…. Bukele’s ambitions are big. The head of the Central American Bank for Economic Integration also offered support this week, saying that it would give the country technical assistance to adopt the currency as legal tender though El […]

What is ‘green’ energy, anyway? Fifty shades of green means fifty shades of risk for investors

Wholesale transformation at a national level — decarbonizing factories, changing out vehicle fleets, making buildings efficient — requires trillions of dollars. So, encouraging investment in energy transition comes down to ensuring everyone involved makes money and lowering risks for investors. Well-defined carbon levies, tax treatments, stimulus commitments, regulatory parameters and emission targets are among a […]

CIBC leads record green loan for second phase of namesake tower

The transaction is the largest-ever green real estate construction loan in Canada, according to a joint statement from CIBC, which served as administrative agent and green structuring agent, and developers Ivanhoe Cambridge and Hines. CIBC Square is set to be first office complex in Toronto to reduce water consumption by capturing, filtering, and sanitizing groundwater […]

Fluence and Proper Cannabis Partner, Introduce Advanced LED Lighting to Rising Midwestern …

AUSTIN, Texas & ROCK HILL, Mo. Today, Fluence fixtures illuminate 20,000 square feet of cannabis canopy in Proper’s cultivation rooms, enabling the company to improve plant production and produce a variety of medical products under three unique brands. “We observed LED lighting trends for years in Colorado, learning about the power and potential of the […]

The housing market is hot, but the rental market could quickly catch up as economy reopens

But it’s also important to review rental market statistics with an eye on their various subsections. The Toronto Regional Real Estate Board registered 13,168 leases in the GTA during the first quarter of 2021, predominantly in private dwellings comprising apartment condominiums and low-rise housing. Almost twice as many leases were recorded in the first quarter […]

A green metals company? Teck is betting on copper, and hoping investors don’t mind a side of coal

Teck has a 21.3 per cent stake in the 180,000-bpd Fort Hills oilsands mine, which is operated by Suncor Energy Inc., and though oil prices have risen enough that the project is no longer losing money, it is not yet operating at full capacity. At that point, possibly, the oil business “could be rolled into […]