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Written by Hanna Lee Copy Editor, Digital News
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(Editor's note: The first edition of the newsletter sent out this morning did not include the story about prediction markets mentioned in the introduction. You can now find that story below.)
Good morning. Canadians will soon have some access to the enormously popular, U.S.-based prediction markets. We'll get into that below, plus why an unlikely animal helped stop flooding in the U.K. and the facts behind U.S. President Donald Trump's threats about CUSMA.
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(AFP/Getty)
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Massive drone attack again hits Moscow oil refinery
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Ukraine hit a major Moscow oil refinery for a second time in a week and disrupted commercial flights at the capital's airports.
What's happening: Hundreds of drones were launched into Russia — the exact figure is unclear — striking one of the country's biggest oil refineries and other targets in the Moscow area. Sixteen people were injured, according to the regional governor, and Russia retaliated with more missile strikes against Kyiv.
Why it matters: Ukraine has been targeting Russia's oil facilities, aiming to cut Moscow's revenue for the war and make Russians feel the consequences of the invasion. Ukraine President Volodymyr Zelenskyy says he hopes this will force Putin to the negotiating table.
– This section compiled by Sean Davidson
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FEATURED STORIES
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Prediction markets are coming to Canada
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Toronto-based fintech Wealthsimple is testing a new app to offer Canadians access to Kalshi, the U.S. prediction market.
What's happening: Prediction markets are the fastest-growing part of the global financial market, according to the company, which plans to launch its app this summer. The catch is they were essentially banned by the Canadian Securities Administrators, meaning those wanting to bet on the platforms had to access them through a VPN service. Then this spring, they got a limited approval to operate in Canada.
Why it matters: Kalshi and its competitor Polymarket have experienced explosive growth over the last two years, and had a combined monthly global trading volume of about $24 billion US as of April. They allow users to bet on nearly everything, from politics to pop culture. Wealthsimple users will not be able to access most of those options, however, with trades limited to economic indicators, financial markets and climate.
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Leave it to the beavers: How the industrious mammals are helping to stop a London tube station from flooding
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The work of the industrious beaver may have saved a neighbourhood in London, U.K., from routine flooding.
What's happening: London got its first beavers in 2022, with a male and female pair respectively named Justin and Sigourney Beaver. Soon after, five more were released into a wetland area called Paradise Fields, near Heathrow Airport. The thinking was that the beavers' dam work would reduce flooding, which in theory would let the local council scrap or scale back planned, expensive engineering work.
How it panned out: It's been two and a half years since the latest beaver push, and project staff say the nearby Greenford tube station hasn't flooded since. There are now proposals to release more beavers in south London. Meanwhile, at the site of the original five beavers, there are believed to be a total of eight. That includes mother Willow, who — no offence — is a bit of a heavy lady. At 30 kilograms, she holds the title of being the heaviest beaver ever translocated in the U.K.
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