Alberta Posts Larger-Than-Projected Surplus, Braces for Deficit
Revenue exceeded expenses by about C$8.3 billion ($6.1 billion) in the fiscal year that ended in March, about C$8 billion more than originally projected, the provincial government said Friday. The gain was largely attributable to higher-than-expected resource revenue and corporate income taxes.
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Saskatchewan premier to go to China to discuss canola tariffs
OTTAWA (Reuters) -Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday that he would travel to China soon for talks on persuading Beijing to drop its new tariffs on canola. China hit Canadian canola seed imports with preliminary 75.8% duties last week following an anti-dumping investigation, escalating a year-long trade dispute. China is by far Canada's biggest canola seed market. Canada exported almost C$5 billion ($3.63 billion) of canola products to China in 2024, about 80% of which was seed, and the steep duties would likely all but end those Chinese imports if they are maintained. "Myself will be in China in the next couple of weeks with potentially another opportunity for engagement before the end of the calendar year," Moe told a televised news conference after a meeting with industry officials and federal Agriculture Minister Heath MacDonald. "(We will) work alongside our federal government to ensure that we are advocating and advancing to ultimately ... find the resolution to this trade challenge." Moe reiterated a call for federal aid for the industry. Prime Minister Mark Carney last week said Ottawa was focusing on a series of supports but did not give specific details.
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KraneShares Hedgeye ETF KSPY Celebrates 1-Year Track Record
NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- KraneShares is proud to announce the 1-year anniversary of the KraneShares Hedgeye Hedged Equity Index ETF (Ticker: KSPY). Since its launch on July 16, 2024, KSPY has provided investors with a systematic solution for participating in the U.S. equity market, combining opportunities for capital appreciation with conscious risk management. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA From inception, KSPY returned 9.53%, with an annualized volatility of 12.47%. Over the same period, the S&P 500 returned 14.12% with an annualized volatility of 19.46%.1 The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed or sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For performance data current to the last month-end, please visit The past year has included moments of significant market turbulence. Notably, from February 19th, 2025 to April 8th, 2025, when the S&P 500 experienced a peak-to-trough drawdown of -18.75% as markets digested the 'Liberation Day' tariffs, KSPY limited its decline to -11.67%.2 The fund's annualized volatility during that period was just 19.23%, compared to the S&P 500 Index's 26.78%.2 'In today's rapidly changing market environment, investors are seeking strategies that balance upside potential while managing volatility,' said Brendan Ahern, CIO at KraneShares. 'KSPY's differentiated approach enables investors to stay invested while proactively managing risk during periods of uncertainty. Additionally, we believe investors who want to put new money to work but are cautious about current valuations and the sustainability of the U.S. bull market may find KSPY attractive.' KSPY was developed in collaboration with Hedgeye Asset Management and leverages Hedgeye's proprietary Risk Range™ Signals, a quantitative tool developed by Keith McCullough during his time as a hedge fund manager. These Signals analyze price, volume, and volatility, with the goal of identifying entry and exit points. Proving effective, as the S&P 500 has closed within Hedgeye's daily published Risk Range™ 83% of the time since 2015.3 'Hedgeye's Risk Range™ Signals provide a framework allowing KSPY to systematically adjust portfolio exposure,' said John McNamara, CIO of Hedgeye Asset Management. 'The goal being to benefit when market conditions are favorable and prioritize risk management when adverse. We believe KSPY's performance over this first year reflects the strategy's effectiveness in varying market conditions.' With features such as proactive risk management and the flexibility to adjust portfolio exposure as frequently as daily, KSPY is designed for long-term investors seeking equity market participation with embedded risk management. For more information on KSPY, including its top holdings, risks, and other fund information, visit About KraneShares KraneShares is an investment manager focused on providing innovative, high-conviction, and first-to-market ETFs based on extensive investing knowledge. KraneShares identifies groundbreaking capital market opportunities and offers investors cost-effective and transparent tools for gaining exposure to diverse asset classes. Founded in 2013, KraneShares serves institutions and financial professionals globally. Citations: Data from Bloomberg as of 7/31/2025. Data from Bloomberg as of 4/8/2025. Data from Hedgeye Asset Management as of 7/31/2025. Index definitions: S&P 500 Index (Ticker: SPX Index): The S&P 500 is a stock market index that tracks the stock performance of 500 of the largest companies listed on stock exchanges in the United States. Index returns are for illustrative purposes only and do not represent actual Fund performance. Index returns do not reflect management fees, transaction costs, or expenses. Indexes are unmanaged, and one cannot invest directly in an index. Past performance does not guarantee future results. Definitions: Annualized Volatility: A statistical measure of how much the returns of an investment fluctuate over a year, calculated as the annualized standard deviation of periodic (daily, weekly, or monthly) returns. Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting: Read the prospectus carefully before investing. Risk Disclosures: Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice. KSPY may invest in derivatives, which are often more volatile than other investments and may magnify KSPY's gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset's market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. KSPY is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause KSPY to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative. Hedges may have imperfect matching between the derivative and the underlying security; there is no assurance that hedging will be effective. Hedging may reduce or eliminate losses or gains. Hedgeye Risk Management, LLC's ("HRM") ability to publish daily Risk Range™ signals is heavily dependent on the manual activities of a single individual, HRM'S CEO and founder ('Key Man'). In Key Man's absence, the Risk Range™ signals will be published by another individual ('Secondary Calculator'). The formula utilized by the Secondary Calculator is based on a formula that incorporates the same factors as the formula used by the Key Man but this formula is not identical to the formula utilized by the Key Man. If the Key Man were to leave HRM or is unable to calculate the Risk Range™ signals, the Risk Range™ signals and the Underlying Index may not function as designed and adversely impact KSPY. KSPY is new and does not yet have a significant number of shares outstanding. If KSPY does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. KSPY's assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, KSPY is subject to loss due to adverse occurrences that affect that concentration. Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. KSPY is non-diversified. ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Fund. Index Provider Disclaimers The Hedgeye® Hedged Equity Index (the 'Index') is a product of HAM which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ('SPDJI') to license the S&P 500 Index in connection with the Index. The S&P 500 Index, S&P®, S&P 500®, the 500, US 500 are the property of SPDJI and/or its affiliates ('S&P Dow Jones Indices') and/or their third party licensors. S&P®, S&P 500®, the 500, US 500 are registered trademarks of S&P Global Inc. and/or its affiliates, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ('Dow Jones'); and these trademarks have been licensed to S&P Dow Jones Indices and have been sublicensed for use for certain purposes by HAM. S&P Dow Jones Indices and its third party licensors shall have no liability for any errors or omissions in the S&P 500 Index and the Index is not owned, endorsed, or approved by or associated with S&P Dow Jones Indices. The Fund is based on the Index and is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices or its third party licensors. Neither S&P Dow Jones Indices nor its third party licensors make any representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Index and/or the S&P 500 Index to track general market performance. S&P Dow Jones Indices' only relationship to Hedgeye Asset Management, LLC with respect to the Index is the licensing of the S&P 500 Index and certain trademarks, service marks and trade names of S&P Dow Jones Indices or its third party licensors. S&P Dow Jones Indices and its third party licensors are not responsible for and have not participated in the determination of the prices and amount of the Fund or the timing of the issuance or sale of the Fund or in the determination or calculation of the equation by which the Fund may convert into cash or other redemption mechanics. S&P Dow Jones Indices and its third party licensors have no obligation or liability in connection with the administration, marketing or trading of the Fund. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, 'promoter' (as defined in the Investment Company Act of 1940, as amended), 'expert' as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Inclusion of a security, commodity, or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, or other asset, nor is it considered to be investment advice or commodity trading advice. NONE OF S&P DOW JONES INDICES, ITS THIRD PARTY LICENSORS, HEDGEYE OR KRANE GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 INDEX, THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES AND ITS THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES AND ITS THIRD PARTY LICENSORS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY HEDGEYE, OWNERS OF THE HEDGEYE HEDGED EQUITY ETF, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX, INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES OR ITS THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. S&P DOW JONES INDICES HAS NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW JONES INDICES HAVE ANY CONTROL OVER, THE LICENSEE PRODUCT REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND HEDGEYE, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.' Hedgeye Asset Management, LLC ('HAM') is not affiliated with the Trust, Krane, the Trust's administrator, custodian, transfer agent or Distributor, or any of their respective affiliates. Krane and HAM have entered into an index provider agreement (the 'Agreement') pursuant to which HAM has licensed the exclusive use of the Index and certain related marks to Krane for a fee, and Krane is permitted to sublicense such rights to the Fund and uses the marks for the purpose of promoting and marketing the Fund. Under the Agreement, HAM is compensated, in part, on the asset size of the Fund and therefore benefits directly from investments in the Fund. HAM is a subsidiary of HRM. HRM provides Hedgeye Risk Range™ signals to HAM under a licensing agreement. As such, HRM benefits directly from investments in the Fund. The Fund is not in any way advised, managed, sponsored, endorsed, sold or promoted by HAM or HRM, and neither HAM nor HRM make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index, (ii) the performance or price of the Index at any particular time on any particular day or otherwise, or (iii) the merchantability, fitness or suitability of the Index for the particular purpose to which it is being put in connection with the Fund. Neither HAM nor HRM has provided, nor do they provide, any financial or investment advice or recommendation in relation to the Index to Krane or its affiliates, including the Fund. All rights in the Index vest in HAM other than those licensed to Krane under the Agreement. Neither HAM nor HRM makes any warranty, express or implied, as to results to be obtained by Krane or its affiliates, owners of shares of the Fund or any other person or entity from the use of the Index or any data included therein. Without limiting any of the foregoing, in no event shall HAM or HRM have any liability for any special, punitive, indirect or consequential damages (including lost profits) resulting from the use of the Index or any data included therein, even if notified of the possibility of such damages. HRM sells financial research to financial institutions and investors, including the Hedgeye Risk Range™ signals which are a critical input of the Index provided to the Fund by HRM subsidiary, HAM. HRM publishes Hedgeye Risk Range™ signals direct to its subscribers who will receive the Risk Range™ signals before the Fund due to processing time between publication and receipt of the Risk Range™ signals by the Fund. Solactive AG ('Solactive') is the calculation agent of the Index. The financial instrument that is referencing the Index is not sponsored, endorsed, promoted, sold or supported by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive does not guarantee the accuracy and/or the completeness of the Index and shall not have any liability for any errors or omissions with respect thereto.' Contact:KraneShares Investor Relationsinfo@
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Gavin Newsom Just Dragged Bed Bath & Beyond For Refusing To Open Stores In California, And People Are Absolutely Loving The Pettiness
One word to describe Gavin Newsom these days is — unfiltered. The Governor of California and his team have been openly mocking Republicans from his Press Office X account... Related: And rage-baiting MAGA with culture war posts... Well, Newsom's latest target is the retail chain Bed Bath & Beyond, which is officially making a comeback after filing for bankruptcy and closing all 360 stores in 2023. The retail chain's executive chairman, Marcus Lemonis, recently announced that the franchise will not open any new stores in the state of California. Related: Lemonis wrote in a recent X post that the decision wasn't about politics, but rather "reality," citing "higher taxes, higher fees, and higher wages" in California as the main issues. "California's system makes it nearly impossible for businesses to succeed, and I won't put our company, our employees, or our customers in that position," Lemonis wrote. Related: Well, Newsom's response is going viral. People are loving it in the replies. Related: "I just cackled I'm sorry," this person commented. "lmfaooooo idgaf just make him president already. We deserve to go down as a nation with a hot sassy bitch from California," another person wrote. What are your thoughts? Let us know in the comments below. Also in In the News: Also in In the News: Also in In the News:
