Sol Strategies is set to acquire three Solana validators from Orangefin Ventures for USD $6.5 million, enhancing its staked SOL to over 1.5 million, valued at approximately CAD $406.8 million. This acquisition positions Sol Strategies as the 64th largest staking validator on the Solana network, aiming to solidify its leadership in blockchain infrastructure. Closing is anticipated in Q1 2025, pending regulatory approvals.
2025 is poised for volatility as a new U.S. President plans to raise tariffs, impacting market dynamics. Value stocks are expected to outperform growth stocks, while international stocks, particularly Canadian ones like The Toronto-Dominion Bank, are predicted to surpass U.S. stocks due to their lower valuations and higher dividend yields.
Transrail Lighting's IPO, valued at Rs 839 crore, was fully subscribed by Day 2, with a listing set for December 27. Meanwhile, the stock market faced significant losses, with the SENSEX plunging over 900 points, driven by declines in IT stocks and profit booking in Mobikwik shares after a recent rally. Other IPOs, including Mamata Machinery and Concord Enviro Systems, showed strong subscription rates, reflecting robust investor interest.
Germany faces February elections after a government vote of confidence loss, while Canada’s Finance Minister Freeland resigns over disagreements on handling US economic nationalism. Despite mixed signals, the UK labor market shows growth, and US retail sales are set to improve, reflecting strong household consumption.
Germany faces February elections after a government vote of confidence loss, while Canada’s Finance Minister Freeland resigns over disagreements on handling US economic nationalism. Despite mixed signals, the UK labor market shows growth, and US retail sales are set to rise, reflecting strong household consumption.
The Nigerian Economic and Financial Crimes Commission has arrested 792 individuals linked to a massive cryptocurrency romance scam operation, which involved foreign nationals training locals to defraud victims online. This crackdown follows a similar operation in Hong Kong, where 27 people were arrested for a deepfake romance scam that defrauded victims of approximately $46 million. Authorities emphasize that foreign criminals are exploiting Nigeria's reputation to conduct their schemes, but enforcement actions are intensifying to combat these frauds.
Canadian Imperial Bank of Commerce (TSE:CM) received a target price increase from UBS Group, now set at C$102.00, indicating an 8.28% potential upside. Despite a "Moderate Buy" rating, top analysts favor five other stocks over CIBC. Insider selling activity has been noted, with significant shares sold recently.
Brookfield Asset Management (TSE:BAM) received a "buy" rating from UBS Group, while Wells Fargo downgraded it to "strong sell." The stock rose 2.4% to C$83.67, with a market cap of C$35.05 billion and a P/E ratio of 55.77. Insider transactions included significant sales by directors, with insiders owning 14.10% of the company.
Brookfield Asset Management (TSE:BAM) received a "buy" rating from UBS Group, while Wells Fargo downgraded it to "strong sell." The stock rose 2.4% to C$83.67, with a market cap of C$35.05 billion and a P/E ratio of 55.77. Insider transactions included significant sales by directors, with insiders owning 14.10% of the company.
Alimentation Couche-Tard (TSE:ATD) has received a price target of C$97.00 from UBS Group, indicating a potential upside of 19.22%. While the stock holds a "Moderate Buy" rating, it was not included in a list of top stocks recommended by analysts, who favor five other options. The company's shares recently traded at C$81.36, with an average price target of C$88.50 from various analysts.
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