Prime minister faces mounting pressure to step aside from inside caucus
Prime Minister Justin Trudeau will face mounting pressure from his caucus this week to step down from the leadership of the Liberal party.
The arena where the Miami Heat play will soon have a new name, after the team and Miami-Dade County decided Friday to terminate their relationship with FTX on the same day the cryptocurrency exchange filed for bankruptcy.
The building had been called FTX Arena since June 2021, and a 19-year, US$135 million sponsorship agreement between FTX and the county was just getting started.
In a joint statement Friday night, Miami-Dade County Mayor Daniella Levine Cava and the Heat said the news regarding FTX was "extremely disappointing."
"Miami-Dade County and the Miami Heat are immediately taking action to terminate our business relationships with FTX, and we will be working together to find a new naming rights partner for the arena," the statement read.
FTX entered into a number of sports-related deals, including with Mercedes for Formula One racing and a sponsorship deal with Major League Baseball -- whose umpires wear the company's logo. Earlier Friday, Mercedes said it would immediately remove FTX logos from its Formula One cars.
Some of the top athletes in the world also had FTX deals, including Tampa Bay Buccaneers quarterback Tom Brady and Golden State Warriors guard Stephen Curry.
Miami-Dade County, which owns the arena and negotiated the naming rights deal, struck the agreement with FTX in March 2021. The name of the building changed from AmericanAirlines Arena to FTX Arena three months later.
The Heat were to receive US$2 million a year as part of the deal. Most of the rest -- roughly US$90 million over the lifetime of the agreement -- was to be paid to the county, the vast majority of it earmarked toward fighting gun violence and poverty.
FTX filed for bankruptcy protection on Friday, ending a disastrous few days for what had been the third-largest cryptocurrency exchange in the world when the week began. The company's CEO and founder, Sam Bankman-Fried, has resigned.
The embattled cryptocurrency exchange, short billions of dollars, sought bankruptcy protection after the exchange experienced the crypto equivalent of a bank run.
Prime Minister Justin Trudeau will face mounting pressure from his caucus this week to step down from the leadership of the Liberal party.
A woman from Montreal's South Shore appeared in court on Friday on charges of aggravated assault after allegedly scalding a 10-year-old boy with boiling water more than one week ago.
A vehicle fleeing a Philadelphia hospital after dropping off a gunshot victim early Saturday struck three nurses who were trying to treat the patient, injuring one critically, authorities said.
The Canadian Food Inspection Agency (CFIA) has issued a recall for Rana brand Tagliatelle Seasoned White Chicken and Mushroom sauce, citing possible Listeria contamination.
A Montreal study found that many seniors are being overprescribed inappropriate medications.
Republican presidential nominee Donald Trump promises the biggest deportation event the U.S. has ever seen if he is elected — a promise he has predicated, in part, on the notion that immigrants in the U.S. legally and illegally are stealing what he calls 'Black jobs' and 'Hispanic jobs.'
Liberal cabinet minister Steven Guilbeault says the Liberals will not be 'held hostage' by the Bloc Quebecois' demand to expand Old Age Security to more seniors.
A British Columbia First Nation says at least 55 children died or disappeared while attending a residential school near Williams Lake, more than triple the number recorded for the institution in the National Centre for Truth and Reconciliation memorial register.
Another in a series of unusually strong solar storms hitting Earth produced stunning skies full of pinks, purples, greens and blues farther south than normal, including into parts of Germany, the United Kingdom, New England and New York City.
James Taylor never expected to be walking home with a bag full of groceries he didn't buy.
This weekend marks the fifth anniversary of a large blizzard that paralyzed Manitoba.
There was an eye-catching mix of rainbows and lightning over Vancouver following a brief downpour this week.
Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.
Saskatchewan’s Jessica Campbell has made hockey history, becoming the first ever female assistant coach in the National Hockey League (NHL).
Have you ever seen videos of hovercrafts online or on TV and thought, 'Wow, I wish I could ride one of those.' One Alberta man did, and then built his own.
A B.C. couple is getting desperate – and creative – in their search for their missing dog.
Videos of a meteor streaking across the skies of southern Ontario have surfaced and small bits of the outer space rock may have made it to land, one astronomy professor says.
A unique form of clouds made an appearance over the skies of Ottawa on Sunday evening.