US Economic Recovery Hits Standstill After Consumer Spending Declines Once Again
According to consumer spending data compiled by JPMorgan, it appears that the economic recovery in the US has not been making the kind of headway that was anticipated in response to the copious government stimulus. Analyzing the use JPMorgan Chase debit and credit cards, consumer spending across the US has remained well below 10% in […]
Canada’s Crude Oil Production Falls Nearly 19% Since January Amid Pandemic
It appears that Canada’s oil industry has been hit significantly hard by the severe implications stemming from the coronavirus pandemic. According to the latest data released by Statistics Canada, domestic production fell by nearly 19% since the beginning of the year, while crude imports dropped by 46%. The alarming data points to the decrease in […]
Bank of Canada Sees It’s Balance Sheet Balloon To Over Half A Trillion
The Bank of Canada this morning filed with Statistics Canada its latest balance sheet data, and it isn’t pretty. The coronavirus pandemic has evidently done a number on the central bank, with the total assets currently held absolutely exploding over the last three months in comparison to levels seen over the previous decade. Total assets […]
Great Bear Resources Releases Further Assays at Dixie, Highlights 81.22 G/T Gold Over 10.50 Metres
Great Bear Resources (TSXV: GBR) continued its slow release of assay results from its ongoing exploration program at its flagship Dixie property this morning. Today’s highlight consists of 81.22 grams per tonne (g/t) gold over 10.50 metres at the LP fault, with the drilling conducted in two new drill sections of a undrilled 150 metre […]
Supreme Blows Out Share Structure Converting $63.5 Million In Debt To Shares
The Supreme Cannabis Company (TSX: FIRE) finally announced the inevitable this morning, with the company blowing out its share structure as it looks to remove debt from its balance sheet. The company has issued a total of 116.6 million common shares in exchange for the early conversion of $63.5 million in outstanding convertible debentures, originally […]
Aphria Secures Two Year, 3,000 Kilogram Cannabis Supply Agreement
Aphria Inc (TSX: APHA) (NASDAQ: APHA) this morning announced that it has secured a strategic supply agreement with that of Canndoc, a subsidiary of one of Israel’s largest cannabis producers, Intercure. The agreement, for an initial term of two years, will see Aphria begin to ship product to Israel, one of the world’s largest importers […]
Argonaut Gold: Canaccord Ups Price Target To $4.25
Wednesday, Argonaut Gold (TSX: AR) reported an updated mine plan for its Florida Canyon mine, along with revised 2020 guidance and the closing of a C$126.5 million financing that is primarily to be used to finance the firms Mangino project. The Florida Canyon mine is an open-pit mine located near Winnemucca, Nevada, covering over 11,900 […]
Coronavirus Pandemic Triggers Largest Eurozone GDP Contraction on Record
During the height of the coronavirus pandemic in Europe, all 19 countries of the euro-area suffered the largest economic contraction in history. The eurozone economy declined by 12.1%, while GDP in the EU economy fell by 11.9%. Since records first began being compiling in 1995 at the region’s Eurostat statistics office, the second quarter of […]
Three Things to Know About ‘Phase 3 COVID Player’: Revive Therapeutics
Bucillamine Just Got Cleared for Phase 3 Trials of COVID-19 On Friday, July 31, 2020 Revive Therapeutics (CSE: RVV) (OTC: RVVTF) announced U.S. FDA approval for a confirmatory Phase 3 clinical trial for Bucillamine as a treatment for COVID-19. The Phase 3 study will be titled, “A Multi-Center, Randomized, Double-Blind, Placebo-Controlled Study of Bucillamine in […]
The Trans-Hudson Corridor: Will Saskatchewan Have the Next Gold Rush?
With the recent rise in the price of gold to record levels, gold exploration has seen a strong resurgence in interest from both retail and pro investors. Much of the exploration activity is focussed on the usual areas of interest – i.e. British Columbia’s Golden Triangle region, the Red Lake Mining camp in northwestern Ontario, […]