IEA Cuts Global Oil Demand Forecast as Renewed Lockdowns Limit Mobility
The International Energy Agency (IEA) has revised its 2021 oil forecast, cutting oil demand by 0.3 million barrels, as governments around the world continue to impose lockdown measures amid a second wave of Covid-19. According to the agency’s January oil market report, global oil demand is now projected to only increase by 5.5 million barrels […]
Biden Administration Temporarily Suspends Oil, Gas Drilling on Public Lands for 60 Days
Following the presidential inauguration on Tuesday, the Biden administration promised to act on its climate change plan within the first few days in office, starting with the cancellation of the Keystone XL pipeline. Now, the US Department of Interior has fulfilled Biden’s other campaign pledge, signing an order that will ban oil and gas drilling […]
China Rare Earth Exports Fall Dramatically in 2020, Positively Impacting Energy Fuels Inc
Last week, China announced that it exported only 35,448 tonnes of rare earth materials, down 23% from 46,330 tonnes in 2019 and its lowest annual export total since 2015. Part of this decline may be attributed to the effects of the COVID-19 pandemic, but much of it is due to China’s oft-articulated national strategy of becoming […]
Deutsche Bank Survey: US Tech Stocks and Bitcoin Among Biggest Market Bubbles Right Now
Despite the historic economic contraction brought on the by the coronavirus pandemic, the stock market soared to new highs in 2020, lead in part by surging cryptocurrency and tech stocks. However, some of the astronomical stock prices are likely in bubble territory, with Bitcoin and Tesla at the top of the list. According to a […]
The Deep Dive Compiles Company Profile On Newlox Gold Ventures
Newlox Gold Ventures (CSE: LUX) is a unique gold name within the Canadian small cap space. The company, based in Canada, is focused on environmental remediation which effectively has the byproduct of gold production. The result, is that it is thereby a rarity in the junior mining space – it also classifies as an ESG operation. […]
TC Energy Suspends Work on Keystone XL Amid Biden’s Plan to Revoke Permit
TC Energy Corp (TSX: TRP) announced earlier this week that it will freeze spending on the Keystone XL pipeline, which was done in anticipatiom that President-elect Joe Biden will revoke the project’s permit once he was sworn in later in the week. According to a news release, TC Energy said it is ‘disappointed’ with Biden’s […]
E-Moat! SaaS Offerings Are Taking Advantage Of Runaway Tech Valuations
It isn’t immediately clear whether a chronic overvalued condition in major equities is creating an environment in which overgrown ventures are considered mainstream, or if a groundswell of interest in risk-on assets has pushed the more established tech businesses to valuations that reflect their relative risk, but it’s academic. There’s a get-while-the-gettin’s-good attitude pumping oxygen […]
Canada’s Housing Prices Expected to Remain Elevated in 2021
According to Statistics Canada, the growth in new home prices has been on a slight decline over the past three months, rising by 0.3% from November. Despite the slowdown however, prices still remain 4.6% higher compared to December 2019, as real estate activity across Canada registered a strong finish to 2020. The recent analysis by […]
Market Movers: QYOU Media Goes For A Run On The Back Of Monetization
Leading the market today in volume is that of QYOU Media (TSXV: QYOU), the focus of today’s market movers. The company has traded over 18.3 million shares on the TSX Venture as of the time of writing, along with well over 13.9 million shares on the alternate markets, resulting in combined volume in excess of […]
CFIB: 1 In 6 Canadian Small Businesses Face Closure Due To Covid-19
Following a sudden resurgence of Covid-19 before the end of 2020, many regions across Canada imposed tougher lockdowns and more restrictions, pushing even more small businesses closer to shutting their doors permanently. According the Canadian Federation of Independent Business (CFIB), the dire economic situation for small businesses has gotten increasingly worse since additional lockdowns were […]