Browsing Tag
Canada
618 posts
East Side Games revenue fell 46%. Why is it cutting 32% of its workforce now?
East Side Games Group has eliminated or furloughed approximately 30 employees, representing about 32% of its workforce, while pausing game projects and restructuring partner payments after second-quarter revenue plunged 46%.
Vale Base Metals IPO reportedly shelved as $24.6bn valuation benchmark meets surging copper earnings
Vale has reportedly put the Vale Base Metals IPO on hold indefinitely after preparing the copper-and-nickel unit for a potential 2026 listing. The decision comes after VBM generated $3.36 billion of 2025 adjusted EBITDA and another $2.49 billion in the first half of 2026. Manara Minerals’ earlier 10% investment implied roughly $24.6 billion of equity value, making the postponed listing as much a valuation decision as a political one.
Hut 8 sells Canadian managed cloud arm as shares jump 8.8%
Hut 8 has sold its traditional Canadian managed cloud-services business to Opti9 while retaining the underlying data centres, GPU operations and high-performance-computing assets. The disposal sharpens Hut 8's strategic shift toward AI infrastructure at a time when contracted AI capacity has become overwhelmingly larger than its legacy cloud business.
Mark Carney’s Liberals sweep three by-elections and preserve slim Canadian majority
Canadian Prime Minister Mark Carney’s Liberal Party has won all three August 31 federal by-elections, retaining its slim parliamentary majority and flipping a previously Conservative Quebec riding during worsening tensions with the United States.
Mark Carney’s €100bn global defence bank has secured only €5bn so far
Canada’s proposed Defence, Security and Resilience Bank aims to mobilise around €100 billion for allied rearmament, but Reuters reports it has secured only about €5 billion in commitments while Germany and the United Kingdom remain outside.
KFC Canada is spending C$30m on drinks, and the real target may be customers who are not hungry
KFC Canada is investing C$30m in Kwench beverages, testing whether shakes, refreshers and coffee can create a meaningful sales engine beyond chicken now.
Arc’teryx is moving into Dick’s House of Sport as its premium retail experiment gets much bigger
Arc’teryx targets 200 North American stores as Amer Sports raises guidance, testing whether premium retail expansion can justify AS valuation pressure.
Iceland rejects EU membership talks as narrow referendum reshapes Arctic security strategy
Iceland rejects reopening EU membership talks by 52.8%, preserving EEA ties while turning to new Arctic and international security partnerships.
Why Beach Day Every Day’s C$1.2m EBITDA makes Prime Drink’s acquisition unusually consequential
Prime Drink’s C$10m Beach Day deal could transform PRME, but a potential 130m-share expansion puts dilution at the heart of the investment case.
Regent to acquire Avon North America as global Avon businesses reunite after decade apart
Regent is reuniting Avon North America and Avon International, while LG H&H exits a legacy asset to refocus on faster-growing K-beauty channels now.