Canada and China Ink Financial Cooperation Pact to Deepen Market Ties in Beijing
Canada and China have signed a landmark joint statement to deepen financial-sector ties, marking a significant step in rebuilding economic relations. The agreement, finalized during Finance Minister François-Philippe Champagne’s visit to Beijing on Friday, aims to foster closer engagement between regulators and financial institutions of both nations. Champagne, leading a delegation of top Canadian business […]
Trump Launches New Tariffs On Drugs And Metals
President Donald Trump on Thursday launched a new tariff offensive centered on pharmaceuticals and industrial metals, replacing the broad import duties struck down by the Supreme Court in February. The pharmaceutical piece is the most aggressive. Under the White House proclamation, patented pharmaceuticals and associated ingredients are subject to a 100% ad valorem duty unless […]
Barrick Extends Strategic Review at Reko Diq Through Mid-2027
Barrick Mining (TSX: ABX) has moved to throttle development at its Reko Diq copper-gold project in Pakistan, signaling that escalating regional instability has finally caught up with one of the industry’s most ambitious growth assets. The company announced Thursday evening that it will extend a strategic project review until mid-2027, effectively slowing activity at the […]
White House Proposes $1.5 Trillion Defense Budget for 2027 Amid Iran Conflict
The White House has unveiled a staggering $1.5 trillion defense budget proposal for the 2027 fiscal year, marking a historic high for U.S. military spending as the nation grapples with an ongoing war with Iran. This request, part of President Trump’s latest budget outline released on Friday, represents a 40% increase from current Pentagon allocations. […]
Macron Dismisses Trump’s Personal Jibes, Rejects Military Push on Hormuz
French President Emmanuel Macron called Donald Trump’s personal remarks targeting his marriage “neither elegant nor of a high standard” on Thursday, refusing to engage as the two leaders’ clash over the Iran war turned openly personal. Trump made the remarks at a private White House lunch on Wednesday in a video posted — then removed […]
Canada’s Irving Oil Pivots to Domestic Crude Amid Iran War Supply Crisis
Irving Oil Ltd., operator of Canada’s largest refinery, has secured approval to source 650,000 to 680,000 barrels of crude from Newfoundland and Labrador for the first time since July 2020, as the ongoing US-Israel war on Iran disrupts Middle Eastern oil supplies through the Strait of Hormuz. The crude will be transported from the Whiffen […]
Turkey Slashes Gold Reserves by 118 Tonnes in Two Weeks Amid War Fallout
Turkey’s Central Bank has slashed its gold reserves by a staggering 118 tonnes over just two weeks, with last week’s drop of 69.1 tonnes alone marking the largest weekly decline since at least 2013, when data tracking began. The reserves now stand at 702.5 tonnes as authorities scramble to mitigate market turmoil driven by the […]
Iran Claims Downing of U.S. F-15E Strike Eagle Over Central Iran With New Air Defense System
Iran’s Islamic Revolutionary Guard Corps announced on April 3, that it shot down a U.S. fighter jet over central Iran using a newly developed air defense system, marking a sharp escalation in ongoing military tensions with the United States. The IRGC’s central command headquarters claimed the aircraft was a fifth-generation F-35 stealth fighter, struck by […]
White House Chief of Staff Warns Aides Against Shielding Trump From Iran War Fallout
White House Chief of Staff Susie Wiles has privately urged senior aides to stop presenting President Donald Trump with an overly optimistic picture of the US-Israel war against Iran, warning that growing political and economic costs have left the administration a narrow window to find an exit from the conflict. According to a TIME Magazine […]
S&P Slashes British Columbia Rating Again, Citing Fiscal Imbalances
British Columbia’s credit rating has been slashed for the fifth time since 2021, with S&P Global Ratings dropping the province to ‘A’ from ‘A+’ on April 2, 2026, citing persistent large deficits and a rapidly rising debt burden. The downgrade reflects deep concerns over BC’s fiscal health, as the province’s budgetary imbalances are projected to […]