Canadian economy unexpectedly contracts; dollar weakens
08/31/2021 8:05 AMCanada’s rebound unexpectedly stalled through spring and early summer, raising questions about the resiliency of the nation’s economy. Gross domestic product fell at an annualized 1.1 per cent pace from April to June, Statistics Canada reported on Tuesday, down from a...
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COVID-19 Was Not a Bioweapon But Exact Origin Unclear, Concludes Intelligence Community
08/31/2021 12:46 AMThe intelligence community’s review of the origins of COVID-19 said there is “broad agreement” among agencies that the virus was not developed as a biological weapon and that Chinese officials “did not have foreknowledge of the virus before the initial outbreak of...
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Wildfire Tech Finally Sees Investor Momentum
08/31/2021 12:13 AMAfter years of hesitance, investors are finally warming up to wildfire tech. Questions around monetization have generally been the reason financiers have avoided startups making technology to help combat wildfires. According to Ahmad Wani, co-founder and CEO of...
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PayPal is exploring a stock-trading platform for U.S. customers
08/30/2021 11:53 PMPayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans. The San Jose,...
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Canadian Housing Affordability Got Worse Under Trudeau, But Did He Do The Worst?
08/30/2021 10:43 AMPrime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s...
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Support.com Becomes The Latest Meme Stock
08/30/2021 10:03 AMSupport.com is a relatively unknown software company, considering how high it must rank in Google search results. But it’s under-the-radar no more: Amateur traders are gassing it up like friends at a bridal fitting. Shares of Support.com skyrocketed as much as 203% on...
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Oil Could Rise Further As OPEC Suggests Keeping Output Cuts In Place
08/30/2021 9:40 AMCrude oil prices could rise further if OPEC+ stops adding barrels to global supply, which is a possibility after the cartel's next meeting, according to the Kuwaiti oil minister. "The markets are slowing. Since COVID-19 has begun its fourth wave in some areas, we must...
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Billionaire Paulson who shorted subprime calls crypto ‘worthless’
08/30/2021 9:28 AMEver since John Paulson bet against the U.S. housing market more than a decade ago, people keep asking him about his next big trade. The billionaire hasn’t found anything to rival his massive short, but it’s hard to top the $20 billion that Paulson made for himself...
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Quote of the Week & The Goofy Award
08/29/2021 9:59 AMQuote of the Week A well known climate activist says overstating the dangers of climate change will backfire. Goofy Award The doctored, misleading campaign video is not the biggest problem when it comes to...
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Mike’s Comment
08/29/2021 9:47 AMSuccessive polls make clear that the public may express it in different ways but when it comes to our top election concerns - it all adds up to the same...
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