Canada’s GDP Rose by 3% in July, Recovery Showing Signs of Slowdown
Many restrictions were lifted across Canada during the summer, prompting consumers to return to the market and industries to increase output. As a result, Canada’s GDP levels rose by 3% in July, inching closer and closer to pre-pandemic levels. According to latest Statistics Canada data, Canada’s gross domestic product increased by 3% between June and […]
Hut 8 Mining: Pressured By Declining Revenue And Rising Costs
Hut 8 Mining Corp (TSX: HUT), one of the largest publicly traded Bitcoin miners in Canada, is facing two major challenges affecting both its revenue potential and its cost structure. These issues – the Bitcoin halving event and network difficulty – pose a substantial problem to the go-forward path of the company. First, the May 2020 […]
Arctic Hunter Acquires Dinorwic Gold Property Near Dryden, Ontario
Arctic Hunter Energy (TSXV: AHU) has entered into an agreement to acquire a 100% interest in the Dinorwic Gold Property, located near Dryden, Ontario. The property is district-scale in size at 14,800 hectares, with it said that it hosts the potential for a high-grade gold discovery. The property itself is located outside of the town […]
GM Extends Negotiations on $2 Billion Partnership Following Sexual Assault, Fraud Claims Against Nikola Founder
In the beginning of September, General Motors announced it will be making a grand entrance into the EV market by partnering with truck-maker Nikola, which would give the Detroit automaker an 11% stake in the company in exchange for a supply of batteries and fuel cell technologies. Although the deal was initially hailed as a […]
How It Works: JPM Precious Metals Fined For Order Spoofing
Bloomberg reported September 23rd that an investigation by the US Department of Justice and the US Futures Trading Commission into the manipulation of precious metals markets through order-spoofing has resulted in a billion dollar fine being levied against iconic US bank company JP Morgan Chase (NYSE: JPM). The fine was yet to be announced, but […]
Green Growth Brands Sees Interim CEO Resign, Office Staff To Take Over Role
What do you do when things have become so bad that no one wants to even helm a public company? Green Growth Brands (CSE: GGB) is about to find out. The company announced this morning that its interim CEO, Randy Whitaker, has resigned from his post at the company effective September 30, 2020. In Whitaker’s […]
Deloitte Report Suggests Canada Needs to Increase Workforce In Order to Meet Desired Economic Growth
Canada’s economy was beginning to succumb to an economic contraction despite the difficulties posed by the coronavirus pandemic, according to a recent Deloitte report. The report, which analyzed over 1,000 different variables in order to gain a comprehensive forecast of Canada’s future economic outlook, concluded that the country is in need of a larger labour […]
Kinross Purchases 70% Stake In Peak Gold Project For $93.7 Million
Kinross Gold Corp (TSX: L) (NYSE: KGC) is expanding its operations in Alaska. The company announced this morning that it is acquiring a 70% interest in the Peak Gold project in Alaska for total cash consideration of $93.7 million. As a result of its majority position, the company will act as the predominant operator of […]
Xander Resources Provides Exploration Update, Preps For Drilling
Xander Resources (TSXV: XND) offered up a market update on its ongoing exploration this morning, providing updates for both the Fenelon as well as Val d’Or properties in which it currently operates. While short in nature, the update provided insight on the go-forward plans for both projects. At the Fenelon property, referred to as Blue […]
Marathon Gold Submits Environmental Impact Statement For Valentine Gold Project
Marathon Gold Corp (TSX: MOZ) has formally filed its environmental impact statement for the proposed Valentine Gold project, located in central Newfoundland. The impact statement has submitted to both the federal and provincial regulators for assessment. Now, over a 30 day period the Impact Assessment Agency of Canada (IAAC) will assess the statement for conformity […]