Author: Alexander Lee

In recent years, Canadian cannabis stocks have struggled to maintain market value, despite broader indices trading near all-time highs. Since the legalization of marijuana for recreational use in Canada in 2018, many cannabis stocks have experienced significant declines, with some losing over 80% of their market value. For example, one company’s stock is currently valued at $1.5 billion by market capitalization, representing an 87% decrease from previous record highs. Despite these dramatic drawdowns, contrarian investors may be enticed by the potential opportunities presented by the cannabis industry. However, companies like Cronos and its peers on the TSX are grappling with…

Australia’s job growth exceeded expectations in July, with a significant increase in employment driven by full-time positions, according to government data released on Thursday. Despite the increase in employment, the unemployment rate in Australia rose slightly to 4.2% as the labor force participation rate reached a record high of 67.1%. The positive employment data led to a reversal of earlier declines in the Australian dollar and yields on three-year bonds, as traders adjusted their expectations for Reserve Bank rate cuts. Market analysts suggest that the Reserve Bank of Australia may delay any potential interest rate hikes, given the recent uptick…

Scotiabank recently acquired a minority stake in a U.S. regional lender, KeyCorp, in an all-stock transaction totaling US$2.8 billion on Monday. This move by the Canadian bank is part of its strategy to seek growth opportunities beyond the saturated domestic market. Canadian financial institutions have been exploring avenues for expansion in the U.S. due to a slowdown in growth within the domestic banking industry, where the top six banks control over 90% of the market. Last year, rival Bank of Montreal finalized the acquisition of BNP Paribas’ U.S. unit, Bank of the West, for US$16.3 billion, while TD purchased New…

Elon Musk’s steadfast defense of free speech has drawn attention to his social media platform, facing scrutiny from government authorities around the world. In the UK, officials are considering stricter regulations for platforms like Musk’s after an increase in online disinformation led to riots. In India, Musk’s platform was directed to remove posts and block certain accounts related to farmer protests. Moreover, in Brazil, Musk is entangled in a dispute with the country’s highest court over orders to suspend users spreading fake news. These actions reflect a broader crackdown by major democracies on what they perceive as hate speech and…

Artificial intelligence (AI) is a technology that enables computers to learn from trends and patterns, infer and act like humans, and make decisions. Similar to how humans attend school to learn, computers initially train on available data to prepare for tasks. As they work, they adapt their learning based on experience, refining their decision-making skills. The versatility of AI allows for its application in various ways for different purposes. Utilizing AI technology across a broad spectrum of applications, companies aim to enhance data management and security, streamline workflows to boost productivity, personalize user experiences and customer service on e-commerce platforms,…

The past year and a half has seen a significant increase in the popularity of artificial intelligence (AI), with many recognizing the immense potential of this groundbreaking technology. The opportunities presented by AI are so impressive that not only individual Canadians, but also businesses are exploring ways to leverage this revolution. Various computer chip stocks are benefiting from the growing demand for computing power, while major tech companies are developing their own AI models. Even non-tech companies are integrating AI into their operations to enhance efficiency and, ultimately, profitability. Given the tremendous potential of the AI revolution, investors are eager…

Nintendo stock experienced a decline following a significant drop in sales and profit in its April-June Q1 of 2025. The net profit of the company fell by 55% to US$556.7 million (¥ 80.9 billion), which was more than a third below estimates provided by LESG analysts. Despite these challenges, many industry observers anticipate the unveiling of the successor to the popular Nintendo Switch console in the near future. The stock of Nintendo last traded at US$11.88 per share in the OTC Pink market. It has seen fluctuations in its value, experiencing a more than 12% decline last week, but also…

AtkinsRéalis Group Inc. (TSX:ATRL) has secured a contract worth US$65 million to provide professional and engineering services to the Miami-Dade County for the development of its new waste-to-energy plant. The scope of work includes design criteria, consulting, advisory, and environmental services for pre-construction activities. This project is set to establish the largest waste-to-energy facility in the United States, with the capacity to process 4,000 tons of waste per day. AtkinsRéalis will oversee the construction process and provide quality control support to Miami-Dade County, Florida, under a 10-year professional services agreement. Ian L. Edwards, the President and CEO of AtkinsRéalis, emphasized…

This article was originally published on the U.S. website. The U.S. stock market experienced a global sell-off on Monday, while the TSX remained closed for Civic Day, prompting Canadian investors to review their stock wish list. Corrections in the market present opportunities to allocate funds for long-term investing. Certain investments have demonstrated their resilience in a portfolio during market fluctuations. Infrastructure stocks, such as Brookfield Infrastructure Partners, Brookfield Renewable Partners, and NextEra Energy, stood out during Monday’s market slide on U.S. exchanges. Despite plunging by as much as 6%, Brookfield Infrastructure and Brookfield Renewable stocks were only down by 0.4%…

Richard De Sousa, host of the Rich TV Live podcast, presents his latest Stocks to Watch segment, exclusively for Stockhouse. In this installment, De Sousa discusses notable companies such as PayPal, Tesla, McDonald’s, Goldman Sachs, Canopy Growth, Chewy, Chipotle, and Barrick Gold. To gain insights into these companies and potentially enhance your investment portfolio, view the weekly video above. Additionally, you can participate in discussions about these stocks and others by visiting Stockhouse’s stock forums and message boards. It is important to note that the information provided in this article is for informational purposes only and should not be construed…