California based Silicon Valley Bank collapsed on Friday, March 10, 2023, thanks to risen interest rates. Silicon Valley Bank was founded by former Bank of America managers Bill Biggerstaff, Robert Medearis, and Roger Smith, who came up with the idea over a game of poker. It launched on October 17, 1983, as a wholly-owned subsidiary of Silicon Valley Bancshares (now SVB Financial Group) with 100 …

Ontario Liberals ended a successful convention in Hamilton, Ontario and voted to change the rules to elect the new leader of the party. Under the new leadership election system, each constituency association shall be allocated 100 points, to be awarded to leadership candidates based on the proportion of support they receive. Members will directly cast their votes for their preferred …

A sudden jump in Tesla stock’s price made Elon Must enjoy the top cadre. His net worth touched 187 billion dollars. Though Tesla stocks are still lower than what they were a year ago but slowly it traveled upward and made the stockholders happier. In the meantime, adapting Milton Friedman’s Stockholders theory, Elon fired another 200 Twitter employees to cut …

On February 14, Governor General, PM Justin Trudeau, former PM Jean Chretien, Premier Ford and Mayor Crombie attended the farewell of Former Mayor Hazel McCallion. The farewell ceremony was held at Paramount Center, Mississauga. Due to all top dignitaries at one place, there was a heavy police presence and there were many black limousines all over the parking lot and …

Candice Bergen Steps down as member of parliament. She did not mention why suddenly she stepped down but doesn’t look that she is going to be out of political arena. Candice Bergen, former interim leader of the Conservative Party of Canada, announced Wednesday that she would be resigning as the member of Parliament for Manitoba’s Portage-Lisgar riding. Bergen, 58, announced her …

It took Team Canada 36 years to play in FIFA World Cup 2022 Qatar. The last time they played was in Mexico. Though they were not on the victory stand but they did play very well despite hot weather in Qatar and entirely a new type of ground. In any game participation is important and Canada would be in every …

Alberta Premier issued a statement reacting to CBC article. “Last week, the CBC published a defamatory article containing baseless allegations that Premier’s Office staff had sent a series of emails to Alberta Crown prosecutors concerning charges related to the Coutts protest and other pandemic-related matters before the courts. The CBC admitted that it had not seen any of the emails. …

Ontario Government is saying that they would be investing 57.6 million, over the next 3 years to recruit and retain up to 225 additional nurses in the long term care sector, through the new Hiring More Nurse Practitioners (HMNP) for long term care program. However, on the other hands Ontario Nurses Association is complaining ER closures every day. “This past …

First time in a century old history, Bank of Canada have faced losses of about half a billion Dollars. The institution used to give about a billion dollars per year to the government but 2022 had been the worst for them. However, government has signaled that they would do some amendments in the Act that would cover the losses the …

Deputy Prime Minister Chrystia Freeland, said that she is keen to develop liquefied natural gas (LNG) for export purposes. The comment came after some European countries approached Canada to do so for energy security. Russia supplies natural gas to Europe, that is on halt and hurting the economy. Before the winter hits, there must be a solution to the problem …