Canada Enters Technical Recession As Q1 GDP Flatlines, Missing 1.5% Forecast
Canada’s economy flatlined in the first quarter, delivering a result so far below expectations that it tipped the country into a technical recession, Statistics Canada reported May 29. Annualized real GDP fell 0.1%, a miss of 1.6 percentage points against economists’ consensus forecast of 1.5% growth. Two consecutive quarters of negative real GDP growth meet […]
Silver X Returns to Profitability in Q1 on Stronger Silver Prices, Higher Throughput
Silver X Mining (TSXV: AGX) swung to a profit in the first quarter of 2026, capitalizing on a surge in precious metals prices and steadier output from its Nueva Recuperada operation in Peru. Net operating revenue came in at $13.4 million for the three months ended March 31, more than doubling the $5.3 million booked […]
Soma Gold Sees Q1 Revenue Slide 19% as El Bagre Restart Stumbles
Soma Gold (TSXV: SOMA) brought in $22.5 million in revenue for the first quarter of 2026, down 19% from the same period a year earlier, as the producer worked through a bumpy restart at its El Bagre Mill following a labour disruption that idled the operation in late 2025. Adjusted EBITDA came in at $4.7 […]
Poilievre Attacks Carney On Plane Food Spending: “Out Of Touch”
A $195,400 aircraft catering line has opened a larger transparency fight over how Ottawa explains prime ministerial travel costs when the released totals are politically vivid but operationally incomplete. Conservative Leader Pierre Poilievre used the figure to attack Prime Minister Mark Carney as “out of touch,” saying the spending amounted to about $200,000 for three […]
Wolastoqey: Private Landowners Won, But Governments Stayed Exposed In Supreme Court Ruling
The Supreme Court of Canada’s refusal to hear the Wolastoqey appeal gives private landowners a stronger shield against Aboriginal title declarations, but it leaves governments facing the harder question of who pays when historical grants collide with Indigenous land rights. The court declined leave in the Wolastoqey Nation case this week, meaning the New Brunswick […]
Why Kenya Is Blocking An Ebola Quarantine Facility To Be Built
Kenya’s judiciary has forced US’s Ebola contingency plan into a domestic legal fight, interrupting an arrangement that would have shifted part of the Washington’s outbreak-response burden onto Kenyan territory. The High Court order pauses any move to approve or carry out the proposed arrangement with the US while a challenge by the Katiba Institute is […]
SpaceX Cuts IPO Valuation Target to $1.8 Trillion After Investor Feedback
SpaceX lowered its initial public offering valuation target to at least $1.8 trillion on Thursday, down from the $2 trillion-plus figure Bloomberg reported in April, after consultations with advisers and investors prompted the company to revise its ambitions. Bloomberg reported, citing people familiar with the matter who asked not to be identified, that SpaceX plans […]
US Gasoline and Distillate Stocks Near Critical Low as Hormuz Drawdown Accelerates
US gasoline and distillate inventories are approaching a threshold that energy analysts describe as operationally critical — a point at which any minor supply disruption could produce fuel shortages and lines at gas stations across the country. The EIA’s latest weekly report and May Short-Term Energy Outlook warn that US fuel inventories are depleting at […]
Peter Thiel Buys Buenos Aires Mansion, Moves Family to Argentina
Peter Thiel has purchased a $12 million mansion in one of Buenos Aires’ most exclusive neighborhoods, enrolled his children in local schools, and moved his family there — the latest in a series of exits from the United States by the PayPal and Palantir co-founder, the New York Times reported. Sources who spoke to the […]
US Attorney Denies Carroll Investigation as DOJ Probe Shifts Focus to Hoffman Nonprofit
The top federal prosecutor in Chicago flatly denied Thursday that his office had ever opened a criminal investigation into E. Jean Carroll — roughly 24 hours after multiple news organizations reported the Justice Department had launched one — while subsequent reporting clarified that the probe’s primary target is not Carroll but a nonprofit backed by […]