Canadian National Railway to invest in Ontario and Alberta, Shopify partners with Twitter, and Hydro One CEO steps down
Canadian National Railway (TSX: CNR) has announced plans to invest roughly $430 million in Ontario and $365 million in Alberta this year.
The investments will involve technology, capacity, rolling stock units and company decarbonisation initiatives, on top of network improveme...
Voyager Digital caught up in crypto crash with hedge fund Three Arrows Capital defaulting on US$655m loan
US cryptocurrency platform Voyager Digital’s (TSX: VOYG) shares sank 53% on Wednesday after it was announced troubled hedge fund Three Arrows Capital may default on a US$655 million loan it had secured.
The news comes as the crypto sector’s recent crash has investors panicking...
SNC-Lavalin workers return after strike, Telus acquires LifeWorks and CAE partners with video game developer
A union representing SNC-Lavalin (TSX: SNC) has voted in most part to end the strike which started after a number of failed negotiations between the company and its engineers.
Candu Energy, an SNC subsidiary, urged that all employees must return to the office within one busine...
Shopify announces new founder share, Molson Canada workers’ strike to end and Nutrien to ramp up fertiliser production
Shopify’s (TSX: SHOP) chief executive officer has welcomed the creation of a new “founder” share, after shareholders approved the notion on Tuesday, granting Tobi Lutke 40% of the company’s voting power.
The Canada-based e-commerce company’s shareholders voted in favour of two...
US launches US$4.3b plan to reduce reliance on Russian uranium imports
The US Government is pushing legislators to support a US$4.3 billion plan to reduce the nation’s reliance on enriched uranium imports from Russia by promoting direct purchases from domestic producers.
The proposal would see the government act as a guaranteed buyer of domestic ...
Toronto Stock Exchange launches a battery metals index
The Toronto Stock Exchange (TSX), in collaboration with S&P Dow Jones Indices LLC, has launched a battery metals index.
Operator of the TSX, TMX Group (TSX: X), unveiled the new S&P/TSX Battery Metals Index news on 2 June and the official launch celebration took place ...
London Metal Exchange sued for US$456m by US hedge fund Elliott Management over nickel trades
One of the world’s largest hedge funds, US-based Elliott Management has sued Hong Kong Exchanges and Clearing (HKEX)-owned London Metal Exchange (LME) for US$456 million, after it suspended and cancelled nickel trades in March.
According to the filing, the US hedge fund claims...
Goldman Sachs sends shockwave through battery metals markets
Prices of lithium stocks cratered midweek after US-based investment bank Goldman Sachs issued a prediction that key battery metals are heading for a sharp correction.
A sector that has seemingly been on a long upward tear was stopped in its tracks by the Goldman Sachs report f...
Japan pushes to restart nuclear power a decade on from Fukushima
After more than a decade since the Fukushima nuclear disaster, Japan’s Prime Minister Fumio Kishida has announced the government will move to restart idled nuclear power plants throughout the country.
Japan aims to minimise the demand on Russia’s oil and gas supplies following...
Purepoint Uranium to advance exploration at prospective Athabasca Basin projects
Toronto-based Purepoint Uranium Group (TSX-V: PTU) has outlined ambitious exploration plans for the remainder of the year at its suite of 10 wholly-owned projects and one joint venture asset in Canada’s prolific Athabasca Basin.
The program of work includes follow-up drilling ...
