Canada will cut its permanent immigration levels by at least 20 per cent
Canada will lower the number of permanent immigrants it allows into the country by at least 20 per cent from its previous target of 500,000, 愛污传媒 confirmed Wednesday.
GameStop's plans to expand its non-fungible tokens (NFTs) marketplace and partner with crypto firms spurred a rally in the video game retailer's shares on Friday.
The company was last year at the centre of a battle between small investors co-ordinating on online forums and Wall Street hedge funds, leading to massive gains in its shares. But with retail interest fading, its stock has languished since November.
On Friday, GameStop rose 14% as a report that it would build an online hub for trading NFTs for virtual game collectibles and establish cryptocurrency partnerships revived interest in its shares on social media and trading forums.
NFTs which use blockchain to record the ownership of digital items such as images or videos, surged in popularity in 2021, leaving many baffled why so much money was being spent on items that do not physically exist.
The highly volatile crypto assets have cratered in recent months, with bitcoin plummeting to a more than three-month low of $42,001.97, down about 38% from its $69,000 all-time high in November.
Ether, used to buy NFTs, has slumped to $3,219.77, levels last seen in early October.
"Meme stocks are speculative rather than fundamental and, to a degree, cryptos are also little speculative in nature ... too much of an exposure to cryptos could have an effect on the balance sheets of these companies," said Mirabaud analyst Neil Campling.
The highly-shorted GameStop has seen an increase in bets against the company over the past 30 days, with short interest increasing by 1.18 million to $1.11 billion, or 13.4% of the total short interest as a percentage of free float, according to data from S3 Partners.
But Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said Friday's move was unlikely to be a short-covering rally.
"First we would need to wipe out recent mark-to-market profits on the short side, which means getting back to levels in the $170 - $200 stock price range," for a short squeeze to happen, Dusaniwsky said.
Canada will lower the number of permanent immigrants it allows into the country by at least 20 per cent from its previous target of 500,000, 愛污传媒 confirmed Wednesday.
The president and CEO of New Brunswick-based Covered Bridge Potato Chips is taking an 'extended leave of absence' after being charged with domestic violence this past weekend.
A memorial is growing outside a Walmart in Halifax after a 19-year-old employee was found dead inside an oven in the store Saturday night.
Prime Minister Justin Trudeau says the Liberal party is 'strong and united,' despite efforts from within his caucus to oust him as leader.
The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.
A search has started at Prairie Green Landfill for the remains of two victims of a serial killer.
He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
Canada's discount airline is suspending operations to and from Saskatoon.
A new report suggests that Canadians' exposure to a radioactive gas is increasing, putting millions of people at a higher risk of developing lung cancer.
He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
A meteor lit up our region's sky last night 鈥 with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.
Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.
A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.
A newly minted Winnipegger is hoping a world record attempt will help bring awareness for the need for more pump track facilities in the city.
A Springfield, Ont. man is being hailed a 'hero' after running into his burning home to save his two infant children.
Hortense Anglin was the oldest graduate to make her way across the platform at York University's Fall Convocation ceremony this week. At the age of 87, she graduated with an Honours degree in Religious Studies.
Looking for a scare with good intentions this Halloween season? The ghosts and ghouls of Eganville, Ont. invite families to tour the Haunted Walk at Lekbor Manor.
The image of a sleepy Saskatchewan small town with 'not a lot going on' is a well-known anecdote. However, one Saskatchewan company is hoping to change that 鈥 and allow communities both on and off the beaten path to share their stories and advertise what they have to offer.