TSX-listed crypto company Voyager Digital warns of US$655-million loan default, shares plummet 53 per cent

TSX-listed crypto company Voyager Digital warns of US5-million loan default, shares plummet 53 per cent

TSX-listed Voyager Digital Ltd.’s VOYG-T stock lost half its value in a single day after management warned of a potential default on a US$655-million loan to a troubled hedge fund, as investors continue to fear financial contagion owing to the crypto sector’s recent crash. Voyager, which went public in Canada in 2019, was historically known … Read more

Amazon has a plan to make Alexa mimic anyone’s voice

Amazon has a plan to make Alexa mimic anyone’s voice

Amazon.com Inc AMZN-Q wants to give customers the chance to make Alexa, the company’s voice assistant, sound just like their grandmother – or anyone else. The online retailer is developing a system to let Alexa mimic any voice after hearing less than a minute of audio, said Rohit Prasad, an Amazon senior vice president, at … Read more

Gordon Pape: Pipelines have performed better than most during the market pull-back. Here are three to consider

Gordon Pape: Pipelines have performed better than most during the market pull-back.  Here are three to consider

Almost all stocks decline in a bear market, but pipeline companies are doing better than most. The reason is twofold. For starters, global demand for oil and natural gas is keeping their lines full and their pumps working at maximum capacity. There’s no indication this will end soon, even with growing talk of a recession. … Read more

Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Tesla CEO Elon Musk said there were unresolved issues with the Twitter deal, including the debt portion of the deal and the number of spam users.ALY SONG/Reuters Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted … Read more

Ten TSX energy stocks with strong price momentum

Ten TSX energy stocks with strong price momentum

What are we looking for? Companies in the energy sector with strong price momentum. The screen All Canadian sectors are down year-to-date – except for energy. The oil and gas sector has performed very well because of a supply shortage, which has prompted Goldman Sachs to increase its Brent oil price forecast by US$10 to … Read more

Workers at Canadian National Railway go on strike in move that could further threaten Canada’s supply chains

Workers at Canadian National Railway go on strike in move that could further threaten Canada’s supply chains

CN Rail locomotives are moved on tracks past cargo containers sitting on idle train cars at port in Vancouver, on Friday, February 21, 2020.DARRYL DYCK/The Canadian Press Workers in signals and communications have gone on strike at Canadian National Railway Co. in a development that threatens to exacerbate transport bottlenecks across the country in the … Read more

Workers at Canadian National Railway go on strike after failing to reach contract, union negotiator says

Workers at Canadian National Railway go on strike after failing to reach contract, union negotiator says

Workers in signals and communications have gone on strike at Canadian National Railway Co. CNR-T in a development that threatens to exacerbate transport bottlenecks across the country in the midst of the COVID-19 pandemic. Some 750 members of the International Brotherhood of Electrical Workers in Canada walked off the job Saturday after failing to agree … Read more

Rogers stands to gain nearly half a million customers as part of deal to sell Freedom Mobile

Rogers stands to gain nearly half a million customers as part of deal to sell Freedom Mobile

Although Rogers plans to sell Freedom, the Competition Bureau has argued that separating the wireless carrier from Shaw’s cable network would reduce Freedom’s ability to compete.Spencer Colby/The Globe and Mail Rogers Communications Inc. RCI-BT stands to pick up 450,000 new cellphone clients as part of its agreement to sell wireless carrier Freedom Mobile to Quebecor … Read more

Canadian billionaire Barry Zekelman’s company received millions to help build Trump’s border wall

Canadian billionaire Barry Zekelman’s company received millions to help build Trump’s border wall

Barry Zekelman, chief executive of Zekelman Industries, at the Atlas Tube steel plant in Ontario on April 29, 2019.MARK FELIX/The New York Times A company controlled by a Canadian steel billionaire involved in illegal donations to a Donald Trump campaign group received at least US$58-million in contracts to help build the former president’s wall along … Read more