Marilyn Gladu “Betrayed Her Constituents,” Says Poilievre
Conservative Leader Pierre Poilievre’s leadership is again being tested by Conservative defections after he told CTV that Marilyn Gladu’s move to the Liberals was “betrayal,” rejecting the idea that her departure showed a deeper caucus confidence problem. In the CTV interview, Poilievre was asked whether his “entire caucus” still supported his leadership. He answered by […]
Real Brokerage to Acquire Re/Max in $880 Million Deal to Build Global Real Estate Platform
Miami-based The Real Brokerage (NASDAQ: REAX) has struck a deal to acquire Remax Holdings (NYSE: RMAX) for approximately $880 million, creating a global real estate platform that merges AI tech with an expansive franchise network. The combined entity, to be named Real Remax Group, will unite Real’s AI-driven brokerage tools with Remax’s network of over […]
Adidas Shares Spike As Its Shoes Fit London Marathon Winners
Adidas shares rose Monday after three London Marathon podium-shaking performances gave the German sportswear company a rare clean win in the supershoe race against Nike. Kenya’s Sabastian Sawe became the first athlete to run a marathon under two hours in an official race, finishing Sunday’s London Marathon in 1:59:30 while wearing Adidas’ new Adizero Adios […]
Probe $300 Million PrescribeIT Federal Spending, MPs Demand
Conservative MPs are asking the Auditor-General to investigate nearly $300 million in federal spending on PrescribeIT, the digital prescription system being wound down after failing to replace fax machines at meaningful scale. Conservative MP Dan Mazier said that an audit is needed to determine how the program missed its objective, where the money went, and […]
Sponsored · Canadian Copper Inc.
Microsoft Ends OpenAI Revenue Payments In AI Reset
Microsoft is loosening its grip on OpenAI in a revised partnership that ends Microsoft’s revenue-share payments to the ChatGPT maker, removes exclusivity from the relationship, and gives OpenAI more freedom to sell its technology across rival cloud platforms. The tech giant said Monday that “the rapid pace of innovation requires us to continue to evolve […]
Shell To Acquire ARC Resources In $22B Cash-And-Share Deal
Shell agreed to acquire ARC Resources in a cash-and-share transaction that values the Canadian producer at about US$13.6 billion in equity and US$16.4 billion including net debt and leases, giving the British oil major a larger foothold in Canada’s Montney formation as it tries to rebuild long-term oil and gas production. Under the agreement, ARC […]
Canada Unveils $25 Billion Sovereign Wealth Fund to Secure Future Prosperity
Canada is set to establish its first-ever national sovereign wealth fund, the Canada Strong Fund, with an initial endowment of $25 billion, Prime Minister Mark Carney announced on Monday at the Canada Science and Technology Museum in Ottawa. The fund, designed as a national savings and investment vehicle, aims to grow wealth for future generations […]
Buffalo Potash Outlines $1.1 Billion NPV For Flagship Project, Construction Set To Start In July
Buffalo Potash (TSXV: BUFF) has outlined a billion-dollar future for its flagship Disley Project, releasing a preliminary economic assessment that values the asset at more than $1 billion. The assessment, conducted by Micon International, gives the project an after-tax net present value of US$1.1 billion and an internal rate of return of 30%. The estimate, […]
Sponsored · Canadian Copper Inc.
China Blocks Meta’s $2 Billion Acquisition of AI Agent Manus, Orders Deal Unwound
China has formally ordered Meta Platforms (Nasdaq: META) to unwind its $2 billion acquisition of agentic AI startup Manus, in a landmark regulatory intervention that establishes new state control over the international exit of Chinese-founded AI companies — regardless of where they incorporate. China’s National Development and Reform Commission issued a cancellation order Monday through […]
Seabridge Gold Details Terms of Massive Courageous Lake Spin-Out
Seabridge Gold (TSX: SEA) has detailed the final mechanics of its plan to spin out the Courageous Lake project into a new standalone entity, Valor Gold Corp. The move is designed to separate the massive Northwest Territories gold asset from Seabridge’s primary focus on its flagship KSM project, a strategy management believes will finally allow […]