A $43B bid to become the world’s largest copper miner

If you’re anything like us, you’re probably not that well-versed in the business and legal drama that’s engulfed the global mining industry in recent days, but the proposed takeover of miner Anglo American by competitor BHP is a US$43 billion story worth paying attention to. 

What happened: BHP, an Australian miner, is attempting to buy Anglo American, a British miner, in a bid to create the world's largest copper miner.

Ontario will start banning car thieves from driving

 To curb rising auto theft in the province, the Ontario government is taking a page out of our parents’ playbook and threatening to take away driving privileges: A new law will introduce driver's licence suspensions of at least 10 years for some convicted car thieves. 

A new crop of AI assistants has arrived

Big Tech is doing its absolute best to make the Joaquin Phoenix movie Her (you know, the one where a man falls in love with an operating system) become a reality. 

Driving the news: It was a busy two days in Silicon Valley. Yesterday, Google unveiled an “AI agent” called Project Astra that can respond to video, text, and voice prompts. The day before, OpenAI launched its own AI virtual assistant powered by its newest model, GPT-4o. 

Don’t only count on your parents to fund your future

Over half of younger Canadians are banking on inheritances to fund their retirement, but it may not be that simple.

You’ve probably applied for a ghost job

That job you’re applying for might not even exist.

Move over homeowners, renters are way more stressed

Canadian renters are showing more signs of financial stress than homeowners, according to a new report from the Bank of Canada.

Cineplex leans into premium experiences

Movie theatres hope that adding a few bells and whistles will distract you from the fact that they’re not playing anything you actually want to see. 

Driving the news: Cineplex, Canada’s largest movie theatre chain, plans to expand its video arcades and other on-site attractions to try and pry butts off living room couches and get them into theatre seats during a time when audiences are trading big screens for streaming.

Meme stocks vie for an encore

 GameStop shares surged ~74% yesterday after Keith Gill, the man best known for driving the meme stock mania of 2021 under the name Roaring Kitty, came back onto social media after a three-year hiatus.  

The CBC tries to find its way

Since Schitt’s Creek went off the air, CBC has been in a flop era that it’s desperate to end.

What happened: CBC/Radio-Canada has brought in a panel of Canadian media experts to help advise on policy changes that will aim to modernize the national broadcaster — at a time when one-third of surveyed Canadians say they want to see it lose funding entirely

Vape juice has a toxin problem

It may be less harmful than smoking a cigarette, but new research shows that vapes are pretty unhealthy in their own right. 

Driving the news: A new study has found that flavoured vape liquids (which is pretty much all of them) can produce more than 100 toxic chemicals when inhaled, all of which can cause serious physical harm. 

Solar storm exposes risks for farmers

A powerful solar storm over the weekend created more than a brilliant light show for people across the country — it also caused technological headaches for farmers.

What happened: The unusually powerful geomagnetic storm that sparked colourful aurora borealis across North America and Europe also disrupted the GPS systems used in modern farming equipment.

Eric Morrow on how banks are using AI

 On this week’s episode of Free Lunch, we sat down with Eric Morrow, managing director of BMO's enterprise data science and AI group, to discuss the use cases of AI in banking.

What to do this weekend

Pro women’s basketball is coming to T.O.

After selling out an exhibition game last year, Toronto has nabbed its very own pro women’s basketball team.

What happened: Toronto is set to be awarded Canada’s first Women’s National Basketball Association (WNBA) team, sources told CBC Sports.

Panama’s accidental prez renews Canadian mining hopes

In an inspiring story for last-minute planners everywhere, José Raúl Mulino won the Panamanian presidential election despite being on the ballot for only two months.

Driving the news: Originally the running mate of Ricardo Martinelli — Panama’s president from 2009 to 2014 — Mulino stepped up after Martinelli was barred from running due to a money laundering conviction. Despite this, Mulino won the race with ~34% of the vote. 

Explain It Like I'm Five: U.S.-China technology restrictions

Both countries have been putting limits on the other’s technology, mostly through import and export restrictions that dictate what U.S. tech companies can send to or accept from China (and vice versa). But it’s also starting to play out on the software front, like a U.S. bill to potentially ban TikTok, or China forcing Apple to pull WhatsApp, Threads, and Signal from the App Store.

Shopify is on shaky ground with investors

Shopify’s president said they are “building a 100-year company,” but investors don’t seem willing to wait that long.

El Niño is (probably) coming to an end

On the docket for this summer: worship the sun, rediscover that you have a personality, and… the weather pattern change you learned about in Grade 8?

Driving the news: After bringing a warmer and drier winter to much of Canada, the El Niño weather event is bidding farewell.

The business of international students

Despite glaring labour shortages in sectors like healthcare, education, and skilled trades, Canada has long favoured business students when granting international student visas. 

Driving the news: A new CBC report details the severity of the mismatch, a problem that the country’s immigration agency has known about since 2018 and was flagged to the feds a year before a cap on student study permits was introduced. This has left large volumes of students coming to Canada to pursue programs with poor labour market outcomes. 

TikTok takes on AI fakes and phonies

Like an angry punk rocker yelling at poseurs, TikTok has a plan to call out all (AI) fakes.

What happened: TikTok is poised to become the first social media platform to automatically label AI-generated images and videos on its app. Over the next few months, permanent digital watermarks will be added to such content, with the aim to expand to audio-only posts.