Gold Transforms from Boring Investment to Meme Stock Sensation
Gold, traditionally a stable haven asset, is experiencing unprecedented volatility, trading with the frenzied energy of a meme stock amid global economic shifts.
Category : Corporate News
Montreal Entrepreneur Met Jeffrey Epstein on Private Island
Austin Hill, a Montreal cryptocurrency entrepreneur, acknowledges meeting Jeffrey Epstein on his Caribbean island in 2014 while fundraising for Blockstream. Newly released U.S. government files detail their correspondence from 2014 to 2018.
U.S. Probes Netflix Tactics in Warner Deal Review
The U.S. Justice Department is examining Netflix's business tactics as part of its review of the streaming giant's proposed acquisition of Warner Bros. assets, according to a Wall Street Journal report.
Trump Caps Defence CEO Pay, Dividends, Spooks Investors
New executive compensation and dividend restrictions announced by former President Donald Trump are causing unease among investors in the defence sector, including those with stakes in Canadian-linked firms.
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Canada Goose Shares Drop 20% on Earnings Shortfall
Canada Goose Holdings Inc. shares plunged nearly 20% after the luxury parka maker missed key earnings metrics, including operating profit margin and EPS, despite favorable winter conditions.
Epstein's Social Ponzi Scheme Revealed in New Emails
Freshly released emails detail how Jeffrey Epstein operated a sophisticated social Ponzi scheme, leveraging relationships with powerful figures worldwide to maintain influence and shield himself from scrutiny.
Under Armour Lifts Forecasts as Reset Strategy Works
Under Armour has increased its annual financial forecasts, signaling that its comprehensive reset strategy is effectively stemming a prolonged sales slide and setting a new course for growth.
ICE Controversies Impact Canadian Corporate Governance
Canadian companies like Hootsuite and Jim Pattison Group face protests and reputational risks over business ties to U.S. immigration enforcement agencies, highlighting evolving ESG expectations.
Stantec Cancels ICE Contracts After Backlash
Edmonton-based engineering firm Stantec has withdrawn from controversial contracts with U.S. Immigration and Customs Enforcement following pressure from Indigenous communities and public criticism.
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Starbucks Wins Dismissal of Missouri DEI Lawsuit
A Missouri court has dismissed a lawsuit challenging Starbucks' corporate diversity, equity, and inclusion initiatives, marking a significant legal victory for the coffee giant's employment policies.
Uber to Pay $8.5M in Driver Sex Assault Trial
A court has ordered Uber to pay US$8.5 million in a trial over sexual assault claims involving its drivers, highlighting ongoing safety and liability issues in the gig economy.
Saputo Reports $220M Q3 Profit, Reversing Loss
Canadian dairy giant Saputo Inc. has announced a significant financial turnaround, reporting a $220 million profit for its third quarter, a stark reversal from the $518 million loss recorded in the same period last year.
Sunterra Guilty of Massive Cheque Kiting, Must Pay $35M
An Alberta judge has ruled Sunterra Farms Ltd. liable for $35 million in losses to U.S. lender Compeer Financial after finding the company engaged in cheque kiting on an astonishing scale.
OpenText Q2 Profit Drops 27% to US$168M
Canadian software giant OpenText reports a significant year-over-year decline in second-quarter profit, highlighting ongoing pressures in the technology sector.
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Apple CEO Cook Vows to Lobby Lawmakers on Immigration
Apple CEO Tim Cook expresses deep concern over U.S. immigration policies, promising to personally advocate for DACA workers and continue lobbying lawmakers for reform.
Can Man Dan Steps Down from Corporate Role
Edmonton's Dan Johnstone, known as Can Man Dan, resigns from his corporate position due to a divergence in ideas and strategic vision with company leadership.
Pizza Hut Closing 250 U.S. Stores, Parent May Sell Brand
Pizza Hut's parent company is closing 250 underperforming U.S. restaurants and considering a potential sale of the iconic pizza chain amid strategic restructuring.
Halifax Water Cleared After Financial Probe
Halifax Water has been exonerated following an investigation into allegations of financial irregularities, with the utility maintaining its commitment to transparency and public trust.
Memory Chip Shortage May Drive Up Phone, Laptop Prices
Global memory chip bottleneck, driven by AI infrastructure investments, could increase smartphone and laptop costs for Canadian consumers as supply tightens.
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Labrador Gold Alerts Shareholders to Dissident Proxy Issues
Labrador Gold Corp. identifies material deficiencies in dissident shareholder proxy materials, urging investors to vote only on the company's BLUE proxy to ensure votes count at upcoming meeting.
Gemini to Cut 25% of Jobs, Exit Key International Markets
Crypto exchange Gemini, founded by the Winklevoss twins, is cutting up to 25% of its workforce and winding down operations in the UK, EU, and Australia as Bitcoin prices decline.
Glencore Wanted 40% in Rio Tinto Merger Talks
Glencore PLC sought a 40% stake in a potential merger with Rio Tinto Group, but talks collapsed due to valuation disagreements, ending plans for the world's largest mining company.
HBC Creates Hardship Fund for Ex-Staff Financial Aid
Former Hudson's Bay Company employees may receive financial assistance through a new hardship fund designed to help with bills and living expenses during economic challenges.
Air Canada Supreme Court Case on Advertised Pricing
The Supreme Court of Canada will hear a class-action lawsuit alleging Air Canada charged more than advertised prices, potentially impacting consumer rights and airline transparency nationwide.
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Supreme Court to Hear Air Canada Pricing Case
Canada's Supreme Court will adjudicate a protracted legal dispute concerning Air Canada's advertised pricing, a case with significant implications for consumer protection and corporate advertising standards nationwide.
Rio Tinto Ends Glencore Merger Talks
Rio Tinto Group has terminated negotiations to acquire Glencore PLC, ending a potential mega-merger that would have created the world's largest mining company. The deal collapsed due to valuation disagreements and management culture differences.
Glencore, Rio Tinto Abandon Merger Talks
Rio Tinto announces it is no longer considering a bid for Glencore, ending talks for a merger that would have formed the world's largest mining company.
Davos Forum Probes CEO Brende's Epstein Links
The World Economic Forum initiates an independent review into CEO Borge Brende's interactions with Jeffrey Epstein after his name appears in newly released documents.
Law Firm Chairman Resigns After Epstein Emails Made Public
The chairman of a prominent law firm has stepped down after emails connected to Jeffrey Epstein were publicly disclosed, marking a significant development in the ongoing fallout from the Epstein case.
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Canada Goose Q3 Profit Falls Despite Diversification Gains
Canada Goose Holdings Inc. saw its third-quarter profit decline year-over-year, but the luxury apparel company reports its diversification efforts are yielding positive results as it expands beyond its core parka business.
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