Trans Mountain Hits Full Capacity for the First Time as Hormuz Crisis Drives Asian Demand for Canadian Oil
A year ago Trans Mountain was 84% full. In June 2025 it was 78% full. This June it hit apportionment — more demand than it can carry — for the first time since its $34 billion expansion opened.
CIA Officer Who Stockpiled $40 Million in Gold Bars Worked With Pentagon’s No. 2 on Covert China Spy Program
He told the CIA he was running a secret nuclear war contingency program. He was actually using it to steal $40 million in gold bars. And he did it while working with the Pentagon’s No. 2 official on a covert operation targeting China.
Iran Closes Strait of Hormuz and Launches Missiles at US Bases After Trump Declares America ‘Controls’ the Waterway
Hours after Trump posted that the United States controls the Strait of Hormuz and that Iran’s military is “defeated,” Iran closed the waterway and launched ballistic missiles at US bases in Kuwait and Jordan.
Sorry, Andrew Tate Is Not a Legitimate Military Target—Ukraine’s Drone Forces Explain
Ukraine’s drone forces have struck 174 Russian air defense systems, signed deals with Saudi Arabia, Qatar, the UAE, and Canada, and changed the face of modern warfare. This week they also had to deal with the Andrew Tate situation.
China’s Rare Earth Controls Leave US Firms Scrambling for Alternatives
China’s tightening grip on rare earth exports is leaving American companies with uneven and often inadequate access to materials critical to their operations, according to new survey data from the US-China Business Council. Chinese export controls and sanctions have touched more than a third of US companies surveyed. The pain is not evenly distributed. Automotive […]
Canada Could Become a Key Crude Supplier to India
India is looking to add Canada to its list of crude oil suppliers, according to the country’s envoy, a development that could open a meaningful new trade corridor between the two nations. The signal comes as India continues to diversify its energy supply chain, reducing reliance on any single source or region. Canada holds the […]
Bank of Canada Holds Rates at 2.25% as Economy Shrinks
The Bank of Canada left its benchmark interest rate untouched on Wednesday, keeping the overnight target at 2.25% as policymakers weighed a soft domestic economy against the inflationary pull of a months-long war in the Middle East. It marks another hold in a stretch where the central bank has signalled patience rather than action. The […]
SoftBank Faces Funding Test After OpenAI Loan Talks Stall
SoftBank’s reported attempt to pledge its entire OpenAI position for a $6 billion loan turns the AI boom’s biggest question into a credit-market problem: how much is a private valuation worth when banks have to lend against it? The answer, at least for now, appears to be less than SoftBank wanted. Bloomberg reported that SoftBank […]
Gold Falls Below $4,200 for First Time Since December on Iran Strikes, CPI Fears
Gold cracked below $4,200 Wednesday for the first time since December, sliding to $4,156.39 as overnight military exchanges between the U.S. and Iran collided with anxiety over inflation as May’s inflation hit a three year high at 4.2%. The spot market opened the session at $4,253.00, already down 0.2% from Tuesday’s close and 1.8% below […]
U.S. Inflation Hits 3-Year High of 4.2%, Putting Fed on Track for December Hike
Kevin Warsh was brought in to cut rates. May’s inflation numbers are pointing the other way. U.S. consumer prices climbed 4.2% year-over-year in May, the Labor Department reported Wednesday, the highest reading in three years and the third consecutive monthly acceleration. The figure came in line with economist forecasts, which, at this point, is itself […]