Crude Oil on the Rise Amid Weakening US Dollar
Global crude prices are on the rise once again, as equities markets gain momentum and the US dollar weakens. On Tuesday, Brent crude rose to above $68.70 per barrel, following a sharp decline that sent it plummeting to the lowest since May 21. Similarly, WTI crude slated for October delivery also jumped by more than […]
Liberals Promise 2-Year Ban on Foreign Home Ownership, Grants for First-Time Homebuyers in Effort to Address Housing Affordability
In an effort to cool the red-hot housing market, Prime Minister Justin Trudeau has vowed to implement a 2-year ban on real estate purchases by foreign nationals, as well as make it easier for first-time Canadian homebuyers to purchase a home through grants and loans. Although the number of properties changing hands has cooled in […]
LaSalle Exploration Assays Grab Samples Up To 90.7 G/T Gold At Radisson Property
LaSalle Exploration Corp. (TSXV: LSX) announced today the assay results from the Goldhawk target area at its 100% owned Radisson property. Highlights from the grab samples collected include mineralization as high as 90.7 g/t gold. The mining firm reported that 29 out of 80 grab samples collected from what it calls the Goldhawk main shear returned […]
SEC Begins Issuing New Disclosure Requirements for Chinese Companies Looking to List on US Exchanges
While Beijing has recently cracked down on Chinese companies looking to make their debut overseas, it appears that regulators in the US have decided to employ similar measures, too. According to Reuters, which cited a SEC document as well as people familiar with the matter, US regulators have begun delivering more stringent disclosure requirements to […]
U.S. House of Representatives Committee Advances Payment For Order Flow Bill – A Short-Term Positive for Robinhood
Last month, the Financial Services Committee of the U.S. House of Representatives passed a bill (H.R. 4617) by a 28-22 vote which directs the U.S. Securities and Exchange Commission (SEC) to “study” and “consider” banning or limiting the online brokerage firm practice of “payment for order flow,” or PFOF. The legislation falls short of banning the […]
GR Silver Mining Reports Indicated Resource Of 10.3 Million Silver Equivalent Ounces For Plomosas Project
GR Silver Mining Ltd. (TSXV: GRSL) shared today the results of its initial mineral resource estimate for the Plomosas project in Sinaloa, Mexico. The report includes the maiden indicated resource of 10.3 million silver equivalent ounces. The data came from a total of 556 core drill holes consisting of 80 new ones and 476 historical […]
Vext Science Records US$9.4 Million In Revenue For Q2 2021
Vext Science, Inc. (CSE: VEXT) released today its second quarter 2021 financial results, which saw the company post US$9.4 million in revenue. This is an increase from Q1 2021’s revenue of US$9.2 million and from Q2 2020’s revenue of US$6.7 million. The company’s gross margin for the quarter was at 45.0%, a marginal decline from […]
Gage Growth Hits US$26.4 Million In Revenue, US$9.4 Million Net Loss In Q2 2021
Gage Growth Corp. (CSE: GAGE) this morning announced its financial results for Q2 2021, which saw US$26.4 million in revenue. This is an increase from Q1 2021’s revenue of US$17.6 million and Q2 2020’s revenue of US$11.5 million. The cannabis firm relayed that the revenue boost was driven primarily by cultivation capacity expansion and the […]
US Business Activity Slumps to 8-Month Low Amid Worsening Material, Labour Shortages
Business activity across the US continues to decline, as an increasing number of businesses and companies face worsening material and labour shortages. The latest IHS Markit flash composite index of purchasing managers at services and manufacturers for August slumped from 59.9 to 55.4, marking a steady monthly decline since soaring to a record-high of 68.7 […]
China Mulls Forcing US-Listed Companies to Surrender Data Management to 3rd Party Firms
Beijing is coming down with even tougher regulations on foreign exchange-listed companies, by proposing that firms seeking US public listings hand over control of their data to state-backed companies. According to Reuters, which cited sources familiar with the matter, Chinese regulators are looking to impose tighter rules on companies’ abilities to relocate Chinese domestic data […]