Latest News
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Hedge fund billionaire expands Miami development plans after Mamdani feud
Billionaire hedge fund CEO and owner Ken Griffin is making good on his promise to “double down” on Miami after publicly feuding with New York City Mayor Zohran Mamdani over New York’s new tax on expensive second…
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Dollarama tops estimates as Canadians seek out discounts for everyday items
Budget-conscious Canadian shoppers pushed sales and profits higher for Dollarama Inc. DOL-T -1.04%decrease in its first quarter – but signs that consumers are struggling amid an affordability crisis are keeping executives cautious. “Following years of inflation, consumers continue…
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SpaceX vaults over US$2-trillion valuation as stock jumps after record IPO
SpaceX jumped over 20% in its Nasdaq debut on Friday, lifting its valuation to more than US$2 trillion as investors piled into the world’s largest IPO and bet on Elon Musk’s sprawling empire spanning rockets…
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FirstService Broadens Commercial Roofing Geographic Footprint
FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) today announced that its subsidiary, Roofing Corp of America (“RCA”), has acquired Schefers Roofing (“Schefers”). The existing management team has retained a minority equity interest and will continue…
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Crude oil jumps back above $90 as Trump says U.S. will take Iran’s Kharg Island
Oil prices rose slightly Thursday after President Donald Trump threatend to take Iran’s Kharg Island and assume total control of the country’s oil and gas markets. U.S. crude oil futures rose 0.72% to $90.68 per barrel…
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Wholesale prices rose 1.1% in May, more than expected, on surge in energy
Wholesale prices rose more than expected in May, indicating that pipeline inflationary pressures are percolating higher, the Bureau of Labor Statistics reported Thursday. The producer price index, a measure of final demand costs, increased a seasonally…
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Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
https://www.cnbc.com/2026/06/11/gold-slumps-to-6-month-low-even-as-inflation-fears-rise-heres-why-bullion-is-out-of-favor.html
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Germany’s Big LNG Deal With Canada May Never Deliver a Single Cargo
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that provide reliable…
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Cenovus CEO says proposed pipeline to Canada’s west coast currently ‘unfinanceable’
CALGARY, June 9 (Reuters) – Cenovus Energy CEO Jon McKenzie said Tuesday Alberta’s proposed 1 million barrel-per-day pipeline to British Columbia’s Pacific coast cannot be financed by the private sector under Canada’s current regulatory regime.…