Canada’s Railways Ship Record Grain Amounts in 2019-2020 Amid Global Pandemic
Despite a turmoil year of various obstacles, the two major Canadian railways appear to have transported record volumes of grain over the past year. The Canadian Pacific Railway hauled a total of 29.5 million tonnes of grain over the past 12 months, which amounts to a 10% increase over the previous period. In the meantime, […]
Canada’s Federal Government Allocates $3.3 Billion Towards Pandemic Resistant Infrastructure
The Liberal government has made available a total of $3.3 billion in funds for provinces and territories in order to get a head start on infrastructure projects that will be compatible in the new coronavirus reality. On Wednesday, Infrastructure Minister Catherine McKenna announced that the federal government has earmarked $3.3 billion out of the $33 billion […]
Canadian Companies Face Uncertainty: 14% of Small Businesses at Risk of Bankruptcy Due to COVID-19
As many provinces across Canada are well underway in their recovery plans, it appears that some sectors are facing even more tougher obstacles on the path to reopening. According to a recent survey released by the Canadian Federation of Independent Business (CFIB), over 14% of all Canadian small and medium sized businesses are at risk […]
Canadian Vehicle Sales Show Upward Trend Amid Pandemic, Increase 147% Since April’s Collapse
Vehicle sales in Canada have been increasing over the last several months, signalling a recovery is underway for the auto industry following stringent lockdown measures and restrictions across many of the country’s sectors. According to data released by DesRosiers Automotive Consultants Inc. a total of 165,020 vehicles were sold in July, which amounts to an […]
Port of Beirut Explosion to Have Disastrous Consequences on Lebanon’s Vital Imports
On Tuesday, the city of Beirut was rocked by a catastrophic explosion at its main port, creating a mushroom cloud that was powerful enough to overturn vehicles and destroy distant buildings. The blast was so severe that shockwaves travelled as far as Cyprus which is over a hundred kilometres away, while amounting to a 3.3 […]
Revive Announces Timeline For Phase 3 Studies, Sees Beneficial Psilocybin Developments
Revive Therapeutics (CSE: RVV) this morning announced that on the heels of receiving FDA approval for phase 3 clinical trials of Bucillamine in the treatment of COVID-19, it currently intends to begin the clinical trials in September. The company is currently in the process of finalizing agreements and aligning resources to conduct the trials. Currently, […]
Premier Gold Mines Considers Spin Out Of US-Based Assets
Premier Gold Mines (TSX: PG) this morning announced that it is currently examining certain “asset reorganization options” as a means of unlocking shareholder value for its current portfolio of properties. Chiefly, the company is looking at a potential spin-out of jts US based subsidiary to its shareholders, which includes its Nevada assets. The current proposal […]
Vizsla Releases Assays On Three Additional Holes At Panuco Project
Vizsla Resources Corp (TSXV: VZLA) this morning released further assay results for the Napolean Vein Corridor at its Panuco silver-gold project located in Mexico. Highlights from the latest round of drilling include 1,541 g/t silver equivalent over 2.0 metres, as well as 261 g/t silver equivalent over 22.6 metres from two separate holes. A total […]
iAnthus Capital Sees Beth Stavola Resign From Company
iAnthus Capital Holdings (CSE: IAN) last night announced that Elizabeth (Beth) Stavola has resigned from the company effective immediately, as both a director and the chief strategy officer. Her departure marks the continued exodus of members of the firms executive team following the financial struggles it began exhibiting earlier this year. Previously the founder of […]
Bear Creek: Canaccord Raises Price Target To $6 From $3.75
Canaccord precious metals analyst Kevin MacKenzie upgraded their 12-month price target on Bear Creek Mining (TSXV: BCM) to C$6.00 from C$3.75 this morning, reiterating their speculative buy on the stock. This comes after a management update that clarifies the timeline for their U$600 million project financing. Bear Creek Mining’s star asset is a 100% owned […]