
Canada Tech CEOs Urge ‘Real Debate' on Economy Ahead of Vote
'For too long, Canadian government leaders have prioritized short-term economic interests and photo ops over investment into Canada's economic well-being,' reads a letter signed by 150 chief executive officers including Coveo Solutions Inc.'s Louis Têtu, Stingray Group Inc. 's Eric Boyko and Lightspeed Commerce Inc. 's Dax Dasilva.
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Epoch Times
3 hours ago
- Epoch Times
With Beijing's Latest Tariffs, Poilievre Renews Call to Cancel Federal Loan for Chinese-Built Ships
Conservative Leader Pierre Poilievre is once again urging the federal government to cancel the $1 billion loan it is providing to BC Ferries for its deal with a Chinese state-owned shipyard, citing the harm the Chinese Communist Party's (CCP) latest tariffs are causing to Canadian farmers. Poilievre made the comments in an Aug. 13 social media post, saying that while Beijing recently imposed 'unfair and unjustified' tariffs on Canada on top of existing levies, Ottawa continues to back a loan from the Canada Infrastructure Bank (CIB) to purchase ships from a Chinese state-owned company 'that undercuts Canadian companies on environmental standards, worker safety and wages.'
Yahoo
5 hours ago
- Yahoo
GOLDSTEIN: Carney's energy minister makes business case for natural gas
Federal Energy and Natural Resources Minister Tim Hodgson says he 'knows there are buyers' for Canada's liquified natural gas (LNG) globally, quite the change in emphasis from former prime minister Justin Trudeau's argument there was no business case for such projects. 'What I can tell you from the conversations that the prime minister has been having, the minister of foreign affairs has been having, the minister of international trade has been having, the conversations I've been having, our allies are very interest in Canadian LNG,' Hodgson said on Tuesday in an interview on The Vassy Kapelos Show. When asked about competition from the U.S, which is ramping up its LNG export capacity, Hodgson responded: 'Our production is much closer to Asian markets. Our production is much cleaner than the Americans in terms of carbon footprint.' That's a turnaround from previous arguments by Trudeau, as a parade of foreign leaders came to Canada seeking Canadian LNG as an alternative to importing LNG from Russia, in the wake of Russian President Vladimir Putin's invasion of Ukraine in February 2022. Trudeaus said at the time there was no business case for LNG projects — meaning Canada was (and still is) shipping almost all of its natural gas to the U.S. by pipeline at discount prices — although he was talking about Canada's potential capacity to ship LNG to European markets by tanker from Canada's East Coast. That said, Trudeau was generally unenthusiastic about exporting Canada's natural gas abroad, advocating instead for developing alternative energy sources such as green hydrogen. GUNTER: Trudeau cost Canada a chance to get into global LNG game — Trump and U.S. are reaping the benefit LILLEY: Carney promises new trading relationships, can't handle U.S. Since then, one large-scale export facility — LNG Canada — has been completed in Kitimat, B.C. To be fair, this was approved under the Trudeau government. It contributed $275 million to its completion in 2019, describing the $40-billion project as 'the largest single private sector investment in the history of the country … which will ultimately create over 10,000 jobs, as well as lead to billions of dollars in direct government revenues and hundreds of millions of dollars in construction contracts for Indigenous businesses.' It began shipping LNG by tanker to Asian markets in June, the first project of its kind in North America with direct access to the Pacific Coast. There are six other LNG projects currently in the works — all based in B.C. — and if all of them are completed, Canada could have the capacity to ship 50 million tonnes of LNG abroad eventually. However, for that to happen, Prime Minister Mark Carney's government will have to modify or reverse a number of regulations and laws passed by the Trudeau government. This includes a cap on Canada's annual oil and gas emissions; the Impact Assessment Act, dubbed the 'no pipelines bill' by critics; and Canada's current target of lowering our greenhouse gas emissions to at least 40% below 2005 levels by 2030. (According to the latest government data, Canada's emissions as of 2023 were just 8.5% below 2005 levels and on track to miss the 2030 target.) Before Parliament adjourned in June, the Carney government passed the Building Canada Act to speed up the construction of so-called nation-building projects, but the details of what projects it is considering haven't yet been revealed. Finally, despite Trudeau's lack of enthusiasm for natural gas in favour of greener energy sources, replacing coal-fired electricity with natural gas globally would be one of the world's most effective ways of reducing global emissions, since natural gas burns at half the carbon intensity of coal. RECOMMENDED VIDEO


Business Wire
7 hours ago
- Business Wire
Great Quest Announces Extension of Final Tranche of Private Placement
VANCOUVER, British Columbia--(BUSINESS WIRE)--Great Quest Gold Ltd. (TSXV:GQ) ('Great Quest' or the 'Company') announces that it has received an extension from the TSX Venture Exchange (the 'Exchange') with respect to the duration of its previously announced non-brokered private placement (the 'Offering'). The outside date upon which final acceptance of the final tranche of the Offering (the 'Final Tranche') will be granted by the Exchange has been extended until August 29, 2025. The Company closed the first tranche of the Offering on July 14, 2025 and issued 11,560,000 common shares (the 'Shares') for gross proceeds of $289,000. The Offering consists of up to 20,000,000 Shares, at a price of $0.025 per Share. All of the Shares issued pursuant to the Offering will be subject to a four month and one day hold period from the date of issue. The Offering is subject to the approval of the Exchange. The net proceeds of the Offering will be used for costs associated with the Company's proposed reverse takeover transaction with Lotus Gold Corporation (the 'Transaction') and general working capital purposes. For further details regarding the Transaction please see the Company's press release dated May 14, 2025. The Company expects to close the Final Tranche on or about August 22, 2025. For further details regarding the Transaction, including the equity ownership that existing Great Quest shareholders will hold in the resulting issuer following completion of the Transaction, please see the Company's press release dated May 14, 2025. About Great Quest Great Quest Gold Ltd. is a Canadian mineral exploration company focused on developing high-potential gold and lithium projects in Namibia, Morocco, and Mali. The Company's flagship asset is the Damara Gold Project in Namibia, which includes the Khorixas, Omatjete, and Outjo projects, covering over 300,000 hectares. Khorixas has yielded high-grade grab samples up to 49.9 g/t Au, while Omatjete and Outjo present significant gold and lithium opportunities. In Mali, Great Quest is advancing the Sanoukou Gold Project, a 24 km 2 concession in the Kayes region. Great Quest Gold Ltd. is listed on the TSX Venture Exchange under the symbol GQ. ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST GOLD LTD. 'Jed Richardson' Chief Executive Officer and Executive Chairman Disclaimer for Forward-Looking Information This news release may contain forward-looking statements. These statements include statements regarding the Transaction, the Offering and the Final Tranche and use of proceeds and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.