SpaceX IPO Could Become First Trillion-Dollar Market Debut
Elon Musk’s SpaceX is preparing to go public. The company could start selling shares as early as June. If the IPO happens as expected, SpaceX could become the first company in U.S. history to make its stock market debut at a trillion-dollar valuation. That is a major moment for the stock market. SpaceX is best […]
Canada’s Economy Slips Into Technical Recession
Canada’s economy is showing signs of serious weakness. New data from Statistics Canada shows that Canada’s GDP fell by 0.1% on an annualized basis in the first quarter of 2026. That came after a revised 1% decline in the fourth quarter of 2025. By the common definition, two straight quarters of negative economic growth can […]
Butterfield Buying CIBC Caribbean
Butterfield Bank has agreed to buy CIBC Caribbean in a US$1.8-billion deal. The deal would create one of the largest banking groups in the Caribbean, with about US$29 billion in combined assets. Butterfield is based in Bermuda. CIBC Caribbean is headquartered in Barbados and serves more than 526,000 customers across 10 countries. For everyday people, […]
MegaMart Portmore Closing After 27 Years
MegaMart Portmore is closing on June 30 after 27 years in business. The store was MegaMart’s first location in Jamaica and employed about 200 people. Chairman Gassan Azan said the decision was difficult, but the Portmore location had been losing money for some time. The closure matters because it affects workers, shoppers, and the wider […]
Tim Hortons Is Hiring 10,000 Canadians as Coffee Competition Heats Up
Tim Hortons is making a major move to protect its position as Canada’s dominant coffee chain. The company plans to hire 10,000 local Canadian workers, reduce its reliance on temporary foreign workers, renovate stores, and open more than 1,000 new locations across the country. This expansion comes as Dunkin’ Donuts is reportedly preparing a stronger […]