Tesla’s stock rises as Elon Musk drops new clues about a possible SpaceX merger

Open this photo in gallery:Alberta Premier Danielle Smith previously sacked AIMCo’s board and CEO, and has also previously pushed for the province to leave the Canada Pension Plan. Jeff McIntosh/The Canadian PressIt’s too soon to breathe easy on Alberta secession. Sure, the referendum’s preliminary results show that some 75 per cent of Albertans voted to remain in Canada. But the proportion of people who signalled they favour a binding vote on separation – roughly 25 per cent – is significant. This is hardly a resounding endorsement of Canadian unity. Federalists who assume they won and dismiss the concerns of Alberta separatists are making a big, fat mistake. The fallout from this historic vote will be felt for years. Secessionist leaders have explicitly said they plan to use this meaningful denouncement of Canada as leverage to agitate for change. That brings us to the Alberta Investment Management Corp., or AIMCo, which is a sitting duck for renewed political interference in light of the referendum result. The Edmonton-based institutional investment manager is part of the “Maple 8″ group of public pension fund managers and Alberta’s Crown jewel.

SpaceX just gave Wall Street a big reason to believe in the AI boom as demand for its computing power is off the charts.

Super Micro unexpectedly disclosed that its revenue and profitability could be much stronger than originally anticipated.

Bank of Montreal’s BMO-T U. S. head, Darrel Hackett, is leaving his role as the lender bets on reviving its operations in the country to bolster its profitability. Mr. Hackett, who has spent more than 22 years at BMO, will take on the role of executive vice-chair and senior adviser as of Nov. 1. BMO tapped its U. S. general counsel, Tim Cox, as its new U. S. country head and CEO of its U. S. subsidiaries, effective Nov. 1. He is also a member of the bank’s U. S. management committee and chairs its U. S. regulatory committee. In March, BMO told investors that its U. S. division’s return on equity – a closely watched measure of profitability – has underperformed expectations, and that the bank will continue to revive the business to bolster growth. “Darrel has played a central role in advancing our North American growth strategy and helping build the U. S. business we have today,” BMO chief executive officer Darryl White said in a statement. Prior to his role as U. S. general counsel, Mr. Cox held other roles at the bank, including chief regulatory officer, managing director and U. S. chief security officer.

Some analysts question whether people will actually take advantage of Walmart’s new bundle, and how easy it is to make sense of the benefits.

Open this photo in gallery:Satellite antennas at the Telesat facility in Allan Park, Ont., in 2019. The company, which started out as a Crown corporation before becoming a private entity in the 90s, operates communications satellites. The Globe and MailLenders to Ottawa-based Telesat Corp. TSAT-T have proposed a new recapitalization plan ahead of a looming debt-repayment deadline that the satellite operator is at risk of missing. Telesat, which is building a constellation of low-Earth-orbit satellites dubbed Lightspeed, has approximately US$1.71-billion in debt coming due Dec. 6, with another US$438-million of debt maturing in 2027. The debt was issued by a subsidiary of the company called Telesat Canada and is tied to the company’s fleet of geostationary satellites, an older business division that is in decline. Telesat has said in financial filings that its cash flow is insufficient to meet all of its debt obligations. The lenders – including Silver Point Capital, GoldenTree Asset Management and Sound Point Capital Management – recently put forward a second proposal to the company, according to a source familiar with the situation.