Cleveland-Cliffs to idle output at Canada steel plant, blames tariffs, says CBC

Cleveland-Cliffs is idling some production at its Hamilton, Ontario plant in ​Canada and will lay off hundreds ‌of workers, citing the damage done by US tariffs, CBC News said on Monday.

• Cleveland-Cliffs is idling production and laying off hundreds of workers at its Hamilton, Ontario steel plant due to damage from US tariffs.
• The company cites high import volumes preventing it from bridging the market gap created by the trade crisis.
• Stelco will concentrate production at its Nanticoke plant, offering affected Hamilton employees jobs there.

Topics: Asset types, Jurisdictions, Legal regulatory, Real assets, Cross jurisdictional policy, Enforcement actions litigation

Tags: #clevelandcliffs #tariffs #steelproduction #canada #ontario #hamiltonplant #layoffs #ustariffs #stelco #tradecrisis

Read more

Robinhood beat Nvidia. Now it’s coming for Canada: Jon Erlichman

If you were to guess which stocks have enjoyed the biggest runs in the past four and a half years, you might say Nvidia. Indeed, that is correct. But notably, shares of Robinhood have enjoyed an even greater climb during that same stretch.

• Robinhood is expanding aggressively into Canada, leveraging its acquisition of WonderFi to offer more than just cryptocurrency, aiming to become a comprehensive financial services 'super app'.
• The company is making a significant bet on tokenization, launching its own blockchain and offering tokenized U.S. stocks to international investors, which CEO Vlad Tenev calls the start of a 'tokenization supercycle'.
• Robinhood's stock has seen substantial growth, driven by business diversification and profitability, with Canada representing a key market in its ongoing global expansion strategy.

Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Asset manager initiatives, Rwa collateral lending

Tags: #robinhood #tokenization #canada #crypto #stocks #vladtenev #wonderfi #blockchain #financialservices #growth

Read more

Coinbase launches regulated crypto derivatives in Canada

Coinbase launched regulated crypto derivatives in Canada, offering eligible traders perpetual and dated futures tied to Bitcoin, Ether, Solana and other assets.

• Coinbase has launched regulated crypto derivatives trading in Canada, offering perpetual and dated futures on Bitcoin, Ether, Solana, and other assets through its registered entity.
• This move signifies Coinbase as the first major crypto-native platform to offer direct native crypto futures in Canada, with access limited to eligible sophisticated investors.
• The expansion by Coinbase, alongside similar moves by Webull and Robinhood, highlights a trend of US trading platforms increasing their presence in Canada, despite evolving regulatory scrutiny in the region.

Topics: Jurisdictions, Institutional adoption, Blockchain usage, Emerging hubs, Banking depository pilots, Ethereum evm l 1 s

Tags: #coinbase #canada #cryptoderivatives #bitcoin #ether #solana #futurestrading #regulated #webull #robinhood

Read more

USTR's Greer huddles with House Republicans amid Trump trade spats

Trump's plan to lower tariffs on 300,000 metric tons of imported beef caused an uproar among cattle ranchers.

• USTR Jamieson Greer met with House Republicans to discuss President Trump's trade policies, including tariffs on Canadian goods and proposed tariff reductions on imported beef.
• Lawmakers expressed concerns about the impact of trade disputes on businesses, consumers, and the cost of living, particularly with upcoming mid-term elections.
• The meeting highlighted ongoing tensions between the U.S. and Canada, with both sides blaming each other for the breakdown in trade talks and potential escalation of tariffs.

Topics: Tariffs, Jurisdictions, Political endorsements opposition, Trade finance tokenization, Cross jurisdictional policy, Legislative debates

Tags: #tariffs #ustr #trumpadministration #canada #beefimports #cattleranchers #tradewar #republicans #affordability #midterms

Read more

Coinbase Wants to Be Canada's One-Stop Shop for Stocks, Crypto and Prediction Markets

The company's "Everything Exchange" is heading north. No launch date set yet, but the Coinbase Canada CEO says phase two for the company is in motion.

• Coinbase is expanding its 'Everything Exchange' concept to Canada, aiming to offer a single platform for crypto, stocks, ETFs, and prediction markets.
• The company is working with Canadian regulators and plans to launch tokenized stocks for non-U.S. customers soon, emphasizing frictionless, 24/7 trading.
• Coinbase sees an opportunity to differentiate from traditional Canadian brokerages by offering broader access and continuous trading, pending stablecoin regulations.

Topics: Asset types, Institutional adoption, Scalability, Financial instruments, Asset manager initiatives, Market depth liquidity

Tags: #coinbase #everythingexchange #canada #stocks #crypto #etfs #predictionmarkets #tokenizedstocks #regulatory #frictionlesstrading

Read more

Kalshi Enters Canada Through Wealthsimple Prediction Markets App

• Wealthsimple is launching a prediction markets app in Canada, powered by Kalshi, offering access to 4,000 event contracts after receiving regulatory approval.
• This expansion into Canada occurs as Kalshi also enters the crypto perpetual futures market, facing legal challenges from CME Group over regulatory classification.
• Prediction markets continue to face regulatory scrutiny globally, with differing approaches in Canada, the US, Spain, Indonesia, and Japan, highlighting ongoing debates about their classification as gambling or derivatives.

Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Regulatory sandboxes pilots, Securities law classification, Tokenization platforms

Tags: #kalshi #wealthsimple #predictionmarkets #canada #regulatoryapproval #derivatives #cftc #cmegroup #perpetualfutures #eventcontracts

Read more