B.C. Credit Counselling Society sees surge in younger clients seeking debt relief
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Commentary: CEOs have a new boss — Trump
If you're an American CEO, you might wake up one day to discover that President Trump has helped himself to a seat on your board of directors. Since first running for president in 2015, Trump has fashioned himself as a businessman-politician who knows what's best for American companies. Many CEOs appreciate his focus on deregulation and lowering taxes. But there's a catch: Trump has strong views on how managers should run their businesses and no compunctions about using the power of the presidency to bully bosses into doing it his way. Many CEOs are learning how to accommodate the micromanager in chief, some through lip service and others through actual business decisions. Some of Trump's interventions are remarkably mundane. He wants Coca-Cola to use real cane sugar in its soda instead of corn syrup. Coke says it will actually do what Trump wants, even though sugar is more expensive and Trumpa-Cola will probably cost more. Other demands are far more problematic. He wants the Washington Commanders football team and the Cleveland Guardians baseball team to revert to their former names, the racially insensitive Redskins and Indians, respectively. That's Trump using professional sports franchises to push his anti-woke agenda to the extreme, which may not hurt Trump, but it puts the two teams in a lose-lose position by reigniting controversies they thought they had finally put behind them. Raising cane: President Trump is lobbying for real sugar in Coke. (AP Photo/Alex Brandon) · ASSOCIATED PRESS Trump's most meddlesome gambit is his trade policy, which is meant to literally force thousands of US companies to reorganize the way they do business by buying less abroad and more domestically. He directly threatened Apple with a 25% tax if it doesn't start making iPhones in the United States. After Mattel said it would have to raise prices because of Trump's tariffs, Trump threatened a 100% tax on products the toymaker imports and threatened that Mattel "won't sell one toy in the United States." Trump said he'd hit Harley-Davidson with a "big tax" if it went through with a plan to move some motorcycle production overseas. When Walmart said it would likely pass along the cost of Trump's tariffs to its own customers, Trump told Walmart it should "eat the tariffs" — pay the cost and accept lower profits — and warned, "I'll be watching." Read more: The latest news and updates on Trump's tariffs Trump's manhandling of corporate America is hitting the bottom line. General Motors (GM) said on July 22 that Trump's tariffs shaved $1.1 billion off its second quarter profits and will likely cost the company as much as $5 billion this year. The day before, Jeep maker Stellantis (STLA) said the Trump tariffs contributed to a $2.7 billion loss in the first half of 2025. The second quarter earnings season is just getting started, so that may just be a taste of the losses related to Trump's rewiring of global supply chains.
Yahoo
13 minutes ago
- Yahoo
One departed minister received now-cancelled cabinet cash allowance, premier's office says
Andrew Parsons left provincial politics in May, after serving as an MHA since 2011 and a cabinet minister since 2015. (Mike Simms/CBC - image credit) One now-retired politician availed of a new transitional allowance for outgoing cabinet ministers that was rescinded hours after being revealed by CBC News on Friday. Late Tuesday afternoon, the premier's office confirmed details of payments made under the now-cancelled policy. Those details were first reported by the business and political news website allNewfoundlandLabrador. Former energy minister Andrew Parsons "resigned while the policy was in place and has therefore received the cabinet transitional allowance," Sonja Pomeroy, a spokesperson for the premier's office, wrote in an emailed statement. ADVERTISEMENT Parsons would have been eligible for an allowance payment of around $37,000. According to Pomeroy, former premier Andrew Furey "has not received the cabinet transitional allowance and has asked that he not receive it." He had been eligible under the policy. Neither Parsons nor Furey has provided comment. Policy rescinded hours after airing of CBC report On Friday morning, CBC News revealed that the provincial cabinet had quietly approved a new transitional allowance policy for departing ministers, which came into effect April 1. It provided one month's ministerial salary for each year of service in cabinet, on a prorated basis, for a minimum of three months and a maximum of 12 months. For ministers, that worked out to a minimum payout of around $12,000, up to the full annual salary of $48,664. John Hogan left cabinet in March to run for the provincial Liberal leadership. He won, and was sworn in as Newfoundland and Labrador's 15th premier in May. (Mark Quinn/CBC) The revelation of the new payment to outgoing cabinet ministers, approved just months before an election, generated immediate public controversy. Six current cabinet ministers have indicated they plan to retire when voters go to the polls. ADVERTISEMENT On Friday afternoon, Premier John Hogan announced that cabinet had met and decided to "immediately rescind" the policy, which had never been publicly disclosed. Hogan stressed that he was not in cabinet when the policy was approved, and was not involved in that decision. In an open letter to Hogan on Monday, Opposition Leader Tony Wakeham was skeptical about that explanation. "Setting aside how difficult it is to believe that the public service would not brief a new premier on issues of compensation for cabinet, your statement raises more questions than it provides answers," Wakeham wrote. The PC leader said any cabinet minister who voted to approve the allowance should be removed from the Liberal slate of candidates in the coming election. PC Leader Tony Wakeham, left, and NDP Leader Jim Dinn have both been sharply critical of the now-cancelled allowance for departing ministers and how it has been handled. (Jeremy Eaton/CBC) Meanwhile, NDP Leader Jim Dinn called on Hogan to disclose exactly who supported the decision. ADVERTISEMENT "None of these ministers are living paycheque to paycheque," Dinn said in a press release Tuesday. "To make such a selfish decision after hearing firsthand how much people are struggling is nothing short of greed." Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here.
Yahoo
13 minutes ago
- Yahoo
Discover TSX Penny Stocks With Market Caps Under CA$200M
Despite rising tariff rates, the Canadian market has shown resilience, with inflation and economic data holding steady. In this context, penny stocks—typically representing smaller or newer companies—remain an intriguing investment area. While the term might seem outdated, these stocks can offer growth potential when backed by strong financial health and solid fundamentals. Top 10 Penny Stocks In Canada Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.70 CA$69.79M ★★★★★★ illumin Holdings (TSX:ILLM) CA$2.09 CA$108.9M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.025 CA$2.4M ★★★★★★ Findev (TSXV:FDI) CA$0.425 CA$12.18M ★★★★★★ Mandalay Resources (TSX:MND) CA$4.64 CA$427.48M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.76 CA$492.32M ★★★★★★ Pulse Seismic (TSX:PSD) CA$3.38 CA$176.12M ★★★★★★ ACT Energy Technologies (TSX:ACX) CA$4.53 CA$153.38M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.94 CA$186.11M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.84 CA$8.91M ★★★★★★ Click here to see the full list of 450 stocks from our TSX Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Happy Creek Minerals Simply Wall St Financial Health Rating: ★★★★★★ Overview: Happy Creek Minerals Ltd. is involved in the acquisition, exploration, and development of mineral properties in Canada, with a market capitalization of CA$12.54 million. Operations: Happy Creek Minerals Ltd. does not report any specific revenue segments. Market Cap: CA$12.54M Happy Creek Minerals, with a market cap of CA$12.54 million, is pre-revenue and has faced increasing losses over the past five years. The company is debt-free and recently raised CA$3.25 million through a private placement to bolster its short cash runway. Despite experienced management and board members, Happy Creek's high share price volatility poses risks for investors. Recent earnings showed improvement from a net loss to slight net income in Q1 2025; however, substantial annual losses persist, leading auditors to express concern about its ability to continue as a going concern. Navigate through the intricacies of Happy Creek Minerals with our comprehensive balance sheet health report here. Learn about Happy Creek Minerals' historical performance here. SPARQ Systems Simply Wall St Financial Health Rating: ★★★★★★ Overview: SPARQ Systems Inc. designs, manufactures, and sells single-phase microinverters for residential and commercial solar electric applications with a market cap of CA$87.70 million. Operations: SPARQ Systems Inc. has not reported any specific revenue segments. Market Cap: CA$87.7M SPARQ Systems, with a market cap of CA$87.70 million, is a pre-revenue company facing challenges typical of penny stocks. It recently commenced commercial production of microinverters in India, marking a significant operational milestone. Despite being debt-free and having short-term assets exceeding liabilities, it reported a net loss of CA$1.07 million for Q1 2025 and continues to face going concern doubts from auditors due to ongoing losses. The company's cash runway extends just over a year if current cash flow trends persist, highlighting the financial pressures it faces amidst its expansion efforts. Get an in-depth perspective on SPARQ Systems' performance by reading our balance sheet health report here. Understand SPARQ Systems' track record by examining our performance history report. Northern Superior Resources Simply Wall St Financial Health Rating: ★★★★★★ Overview: Northern Superior Resources Inc. is a junior mining company focused on exploring and evaluating gold properties in Ontario and Québec, Canada, with a market cap of CA$184.06 million. Operations: Northern Superior Resources Inc. does not have any reported revenue segments. Market Cap: CA$184.06M Northern Superior Resources, with a market cap of CA$184.06 million, is pre-revenue and focused on expanding its gold exploration footprint in Ontario and Québec. Recent acquisitions have increased its land position in the Chibougamau Gold Camp, enhancing potential for resource expansion at the Philibert Project. Despite no meaningful revenue, it remains debt-free with short-term assets covering liabilities. The company has a cash runway exceeding one year but faces financial challenges typical of junior miners. Recent drilling results indicate promising high-grade gold zones, suggesting potential growth opportunities as part of its strategic exploration initiatives. Click here and access our complete financial health analysis report to understand the dynamics of Northern Superior Resources. Examine Northern Superior Resources' past performance report to understand how it has performed in prior years. Turning Ideas Into Actions Click this link to deep-dive into the 450 companies within our TSX Penny Stocks screener. Looking For Alternative Opportunities? This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSXV:HPY TSXV:SPRQ and TSXV:SUP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
