County Porter Financial News

06.04 / 00:33

Twitter Adoption Energy Bitcoin Twitter debates the role of renewable energy in Bitcoin mining

It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a "self-serving lie."

03.02 / 13:09

markets economy pandemic Trade War shock Tariff War Likely to Plunge Canada Into Recession

(Bloomberg) — The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.”

07.01 / 02:03

markets UPS economy wellness Trade Experts country What Trudeau’s exit means for the struggling loonie — and Canada’s economy

News of Prime Minister Justin Trudeau’s impending resignation helped push the Canadian dollar higher on Monday morning in a move some experts say reflects higher confidence in Canada’s economy with new leadership on the way.

11.12 / 19:17

markets Target economy Remark pandemic 2020 rowing Bank of Canada cuts its policy rate by another half point

The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets.

09.12 / 14:01

markets UPS Provident economy show reports Posthaste: Why top economists are changing their Bank of Canada rate cut forecast

Just a week ago it was a coin toss whether the Bank of Canada would cut 25 basis points or 50 off its benchmark interest rate on Wednesday.

19.11 / 18:27

markets UPS Food reports Headlines Inflation rate ticks up, cooling hopes of bigger Bank of Canada cut

Canada’s inflation rate rose to two per cent in October, lowering the likelihood of another jumbo cut to interest rates by the Bank of Canada next month.

14.11 / 15:39

markets Citi Provident Platform Pool reports International Porter looks to raise $100 million from private equity firms

Subscribe to enjoy similar stories. Private equity companies are looking to invest $100 million in new-age intra-city logistics services provider Porter, in a deal that will value the decade-old startup at $1.1-$1.2 billion, two people with knowledge of the development said. The new funding round will be a mix of primary and secondary share sale, they said on the condition of anonymity.

11.11 / 18:13

markets COST UPS economy Trade President What a Trump presidency could mean for Canadian pocketbooks

To play on a familiar saying: if America sneezes and the world catches a cold, Canada is the first to get sick. As Donald Trump prepares to take office for a second term, Canadians are bracing for a range of policy changes that will inevitably affect our economy — and, by extension, our pocketbooks. While stock and bond markets are already reacting in anticipation of the changes, just how far Trump will go on issues such as trade and immigration remains to be seen. Here’s a look at what economists are predicting could lie ahead.

01.11 / 12:37

UPS Manufacturing economy Trade track reports Stalling economy set to miss Bank of Canada forecast

Growth in the Canadian economy remained unchanged in August, putting gross domestic product on track to grow at an annualized rate of just one per cent in the third quarter, Statistics Canada said on Thursday, paving the way for another cut by the Bank of Canada in December.

15.10 / 18:43

COST UPS Target Food Research wellness Headlines Inflation for September eases to 1.6%, below the Bank of Canada's target rate

Canada’s inflation rate fell to 1.6 per cent in September, dropping well below the Bank of Canada’s two per cent target and increasing bets that the central bank will accelerate cuts to its policy interest rate.

04.10 / 22:29

COST UPS Airlines travelers Courts rights International Airlines lose bid to skirt some of Canada’s air passenger rights rules

Airlines must compensate travellers for international flight disruptions based on the Canadian Transportation Agency’s rules, the Supreme Court of Canada ruled in a landmark decision for air passengers.

25.09 / 05:29

Man Parke Death Diablo rock Features Rangers Rock climber falls to his death at Devils Tower, leaving partner stranded

A rock climber scaling Wyoming’s Devils Tower National Monument fell to his death last weekend, leaving his partner stranded on a dangerous pitch.

20.09 / 12:43

BLOCK Digital Tether Election Trade President Bitcoin Trump hitches his campaign to the crypto crowd

Subscribe to enjoy similar stories. Donald Trump this week pivoted to embrace a niche constituency that few would have expected him to champion—cryptocurrencies and the deep-pocketed investors who have made them their domain.

06.09 / 14:19

Manufacturing economy pandemic trends show information ‘A whole economy issue’: Labour productivity declines for second straight quarter

Labour productivity at Canadian businesses fell by 0.2 per cent during the second quarter of 2024, with 11 of the 16 main industries recording declines, Statistics Canada said on Thursday.

27.08 / 18:27

Blockchain coinbase Election Bitcoin donates politician diving Why Political Candidates Are Embracing Crypto Donations This Election Year

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

27.07 / 01:10

SHIB Shiba Inu new ico 1,000% Gains? Shiba Inu Holders Bet Big on This New ICO

As the Shiba Inu (SHIB) price stagnates, its holders are betting big on a new ICO called Shiba Shootout, which some think has an 11x or 1,000% return potential.

26.07 / 19:44

markets UPS Target Remark Research Cycling rowing Posthaste: Bank of Canada interest rates could come down faster than we thought

The Bank of Canada’s interest rate cut yesterday was widely expected but that didn’t mean there weren’t surprises.

14.07 / 04:29

Citi Waters Extreme community Universities fencing After Beryl, Houston-area farmers pull together to face unique challenges

The misery of Houston’s lasting power outages extend beyond the big city and onto surrounding farms and ranches, where everything from animal bedding to feed is harder to come by since Hurricane Beryl turned off the lights

13.07 / 08:10

crypto regulation Bitcoin Republican National Committee Pro-Bitcoin Platform Likely Influenced By State Policy

The Republican National Committee (RNC) in the United States passed on July 8 a draft of a policy platform that advocates for cryptocurrency adoption and Bitcoin mining.

13.07 / 03:57

markets UPS Citi BLOCK economy Cycling show Posthaste: Obstacles to the Bank of Canada cutting rates are fading — except for this one

When the Bank of Canada made its first interest rate cut last month there were three risks economists cited that could stall the cycle — the Canadian dollar, the housing market and wage growth.

25.06 / 17:51

Bitcoin Crypto Policy Groundbreaking ‘Bitcoin Rights’ Bill Passes Into Law In Louisiana

Dennis Porter, Co-founder and CEO of the Satoshi Action Fund, took to X yesterday to announce Louisiana’s passage of the “Blockchain Basics Act.” This “Bitcoin Rights” bill represents a concrete step in potentially limiting the influence of central bank digital currencies (CBDCs).

31.05 / 16:11

COST UPS Gap economy Cycling Rate Cut Economy slows more than expected, raising hopes of Bank of Canada rate cut

The Canadian economy grew at a slower-than-expected pace in the first quarter, amid rising expectations that the Bank of Canada will cut interest rates.

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