Coinbase Conquers Canada (April 5, 2024)

April 5, 2024

3 Minute Read

Here's how some major markets/indexes performed in the last 5 days:

  • Dow Jones: 38,939 (-2.18%)
  • S&P 500: 5,254 (-0.96%)
  • Nasdaq 100: 18,157 (+1.55)
  • TSX: 22,306 (+0.54%)
  • BTC: 67,815 (-4.83%)
  • Ethereum: 3,321 (-8.89%)

(USD)

As of 4/5/2024 at 10:25 AM PST

Disney Wins Boardroom Saga: The Magic Continues

Victory for Iger and Disney
Disney, under CEO Bob Iger's leadership, has triumphed over activist investor Nelson Peltz in a high-profile boardroom battle, ensuring that Disney’s narrative remains in the hands of those who've steered its legacy.

The Battle Unfolds
The drama began when Peltz’s Trian Partners revealed a $3.5 billion stake in Disney, aiming to gain board seats for Peltz and former CFO Jay Rasulo. Peltz criticized Disney’s late foray into streaming and creative challenges, pointing to underwhelming performances of films like The Marvels.

Why It Matters
Disney’s direction influences the broader entertainment landscape, from streaming wars to theme park experiences. Responding to challenges, Disney is pushing into gaming with a $1.5 billion investment in Epic Games and expanding its theme parks and experiences.

Looking Ahead
After a ~50% surge in share price over six months, Disney’s strategy in sports broadcasting, streaming, and creative output is under the spotlight. With Iger at the helm, Disney aims to navigate these areas successfully, leveraging its heritage of innovation and storytelling for future growth.

Disney's recent win not only marks a significant moment in corporate governance but also sets the stage for the next era of Disney magic, with Iger leading the charge towards new horizons of entertainment excellence.

Stenner Wealth Partners+: Put Your Hard-Earned Capital Back to Work

Founded by award winning wealth advisor, Thane Stenner, CIM®, FCSI®, Stenner Wealth Partners+ of CG Wealth Management (formerly Canaccord Genuity Wealth Management) accesses a plethora of third-party research providers in order to make informed, unbiased decisions about their clients' portfolio allocations.

Learn More

Ford's EV Pit Stop: Oakville's 2027 Green Light


Detour Ahead!
Ford's roadmap to electrification just took a scenic route in Oakville, Ontario. Originally gunning for a 2025 launch, the EV start line has now been pushed to 2027. But fret not—this isn’t Ford tapping the brakes on innovation but pacing for a better run.

Revving Up for the Future
This isn't just a delay; it's Ford's $1.8 billion bet on a cleaner drive. The plant's makeover signals a future where Ford EVs are more than just cars—they're a statement. And with a little extra time, they’re ensuring the tech under the hood is as future-ready as it gets.

Crew on Cruise Control
While the engines cool till 2027, some Ford folks will keep the assembly lines warm, albeit with a leaner team. For those stepping off, Ford’s got a parachute packed with income security benefits, softening the landing until Oakville's electric dreams kick off.

Unifor's Navigational Aids
Amid the shifting timelines, Unifor’s in the driver's seat advocating for its members, ensuring the transition to EV doesn’t leave anyone behind in the rearview. It’s all hands on deck as they chart a course through the uncertainties towards a brighter, electric horizon.

Ford’s Long Road Home
CEO Jim Farley’s eyes are on the horizon—this detour is part of crafting a legacy of sustainable, electrified mobility. Oakville’s story is far from over; it’s just gearing up for a grander comeback, with Ford committed to keeping its Canadian manufacturing heartbeat strong and electric.

Navigating the Future of Real Estate Investments

Discover Trez Capital, leaders in North American commercial real estate investments, delivering reliable returns for over 25 years.

Coinbase Conquers Canada: A Crypto Milestone


Crypto’s Northern Frontier
Coinbase just scored big in Canada, becoming the first global crypto player to nab a Restricted Dealer license. This green light from Canadian regulators is a huge nod to Coinbase’s March 2023 leap into the country, signaling a crypto boom with a seal of trust.

Canada’s Crypto Thirst
With nearly 30% of Canadians eyeing crypto if the rules were clear, Coinbase's entry could be the game-changer, promising a future where digital wallets are the norm.

Building Crypto Trust
Coinbase’s mission? To mesh crypto with credibility, showing that regulation and innovation can go hand in hand. This move is poised to supercharge Canada’s digital asset scene.

The Tech Hub Buzz
Toronto stands as Coinbase’s northern tech stronghold, echoing its commitment to fuel Canada’s crypto enthusiasm.

The Ripple Effect
Coinbase’s milestone is more than a personal win; it’s a beacon for Canada’s crypto future, promising a landscape ripe with opportunity for investors and digital explorers alike.

CSE Evolves as Member Companies Grow

The Canadian Securities Exchange (CSE) has had a keen awareness of issuer needs since its inception 20 years ago, when a group of experienced stock exchange professionals and members of the trading community got together to provide exchange services for growing Canadian companies.

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This Week's Selected News:

Golden Goliath's $1.3M Private Placement


Golden Goliath Resources Ltd. is raising $1.3M through a private placement of units at $0.05, each with a two-year warrant to buy additional shares at $0.10. This non-brokered offering, subject to a four-month hold period and potential regulatory approvals, will fund drilling in Ontario, exploration in Quebec, and provide general working capital. The company has canceled its previously announced financing due to market conditions. Golden Goliath focuses on Rare Earth and gold properties in Quebec and Ontario and holds a significant interest in Mexico's San Timoteo property.

Learn More ➤

NorthStar Gaming & Tallysight Partnership for March Madness

NorthStar Gaming Holdings Inc. partners with Tallysight Inc. to enhance its sports insights content for March Madness, leveraging Tallysight’s no-code content and wagering platform. This collaboration will integrate dynamic odds widgets and editorial tools into NorthStar Bets' Sports Insights, offering in-depth analysis, statistics, and betting tips. The partnership aims to enrich user experience by allowing seamless wager placements within articles, supported by Tallysight’s engaging betting graphics and tools across platforms and social media.

Learn More ➤

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