Riverside Stakes New 230 Square Kilometre Project West of Kenora, Ontario
Hot off the heels of a successful spin-out from a gold-silver project in Mexico, Riverside Resources (TSXV: RRI) appears to be wasting no time to move on to its next project. The company announced this morning that it has staked a new gold project roughly 230 square kilometres in size west of Kenora, Ontario, in […]
Marathon Assays 2.96 G/T Gold Over 47 Meters At Valentine Gold Project
Marathon Gold (TSX: MOZ) this morning released assay results from nine drill holes conducted at its Valentine Gold Project, located in central Newfoundland. Results come from what is referred to as the Berry Zone, with highlights including 296 g/t gold over 47 metres, including 32.25 g/t gold over one metre and 7.55 g/t gold over […]
Single-Day Gold Price Drops Typical In The Most Bullish Market in History: Peter Schiff
Over the past week, gold prices have been rallying excessively, with Tuesday’s single-day drop the largest in nearly seven years. However, according to Peter Schiff, such movement is common in a bull market, and only serves to wean out the weaker investors. According to the veteran stockbroker, the gold market is initiating fear towards the […]
EU Economy Suffers 11.7% GDP Decline, While Labour Market Sheds 5.5 Million Jobs
The impact of the coronavirus pandemic on economies is becoming more evident, as many countries across Europe had to impose strict lockdowns and mitigation measures in order to curb the spread of the virus. In fact, the impact has been so detrimental, that the labour market in the EU has contracted by 2.6% in the […]
Canada’s Manufacturing Sector Sees Record Rebound as Sales Increase 20.7% in June
According to the latest data released by Statistics Canada, it appears that Canada’s manufacturing sector has been the subject of a larger-than-anticipated rebound in June, following country-wide economic shutdowns in the spring. Manufacturing sales totalled $48.7 billion in June, which translates to a record 20.7% increase from the prior month, after Refinitiv economists only called […]
US Federal Reserve Reduces Pricing on State and Local Government Emergency Loans
On Tuesday, the US Federal Reserve announced that it will be lowering the cost of emergency loans for states and cities, after receiving a swarm of backlash that the facility’s loans were priced well above attainability. The Municipal Liquidity Facility was put in place on May 26, with the goal of providing much needed financial […]
Khiron Life Sciences X Nimbus Health
Khiron Life Sciences (TSXV: KHRN, OTCQX: KHRNF, Frankfurt: A2JMZC) is the latest cannabis company to enter the German medical market through a distribution partnership with Nimbus Health, announced on June 25, 2020. Nimbus Health is one of the few medical cannabis importers and distributors which operates completely independently within Germany. The company selects their supply […]
Bank of Canada Lowers Mortgage Rates to 4.79% Amid CMHC’s Warning Regarding Risky Mortgages
The Bank of Canada has decided to further decrease its benchmark five-year mortgage rate to 4.79%. This is the third reduction over a span of three months, as Tiff Macklem, the central bank’s governor, plans to keep rates low for at least the next three years. However, the reduced rates will also cause the demand […]
Embattled Hertz In The Spotlight Again: Car Rental Company Finally Seeks Bankruptcy Loan
It has been over two months since Hertz Global Holdings Inc (NYSE: HTZ) filed for Chapter 11 bankruptcy and infamously attempted to raise raise funds via offering worthless shares to amateur Robinhood Investors. Now, the car rental company has finally announced it will be pursuing debtor-in-possession financing as a means of accumulating some much-needed cash […]
Coronavirus Pandemic Could Wipe Out Up To $30 Trillion from the Global Economy: McKinsey Global Institute
If production disruptions last for a span of at least 100 days amid the coronavirus pandemic, it could cost the global economy a total of $30 trillion. This alarming projection was released by the McKinsey Global Institute, which researched various hypothetical global catastrophic scenarios, such as military conflicts, cyber attacks, and trade rows. The US […]