Only 17% of Fort Knox Gold Meets Modern Purity for International Settlements
A staggering 83% of the gold bars stored at Fort Knox fail to meet modern international purity standards, rendering much of the US’s reported 8,133.5 metric tons of gold reserves illiquid for global transactions. This revelation casts doubt on the readiness of America’s stockpile—valued statutorily at $42.22 per ounce—for use in international settlements. The London […]
Canada’s Federal Deficit Shrinks to $66.9 Billion, Beats Fall Forecast by $11.4 Billion
Canada’s federal deficit for the fiscal year just ended is projected to come in at $66.9 billion, a notable $11.4 billion below the fall projection of $78.3 billion, driven by a stronger-than-expected economy and higher personal and corporate income tax revenues. The spring fiscal update, delivered by Prime Minister Mark Carney and Finance Minister François-Philippe […]
Canada To Invest $25 Billion In Canada Strong Fund Over 3 Years, Retail Investor Principal To Be Protected
A day after Prime Minister Mark Carney first unveiled Canada’s inaugural sovereign wealth fund, Ottawa has filled in the blanks on how the vehicle will actually work — and how ordinary Canadians can buy into it. The Canada Strong Fund will be seeded with $25 billion in government capital deployed over three years on a […]
RCMP Charges Former RPX Gold CEO Over Falsified Assay Results
The Royal Canadian Mounted Police has charged Quentin Yarie, the former CEO of RPX Gold (TSXV: RPX), with fraud and forgery after an investigation uncovered alleged manipulation of gold assay results. The overstatement, reported in the company’s 2023 Technical Report, inflated resource estimates by between 62,000 and 87,000 ounces, triggering a sharp decline in RPX’s […]
Shell Sees Higher Likelihood for LNG Canada Expansion in Kitimat
Shell PLC is growing more confident in the potential expansion of its LNG Canada project in Kitimat, British Columbia, as supportive signals from Ottawa and the provincial government strengthen the case for a Phase 2 development. CEO Wael Sawan highlighted a ‘significant leap forward’ in governmental conviction around liquefied natural gas projects, raising the likelihood […]
Gold Prices Could Surge to $8,000 as Central Banks Pivot from Dollar, Deutsche Bank Warns
Gold prices could soar to $8,000 per ounce within five years, an almost 80% increase from current levels, as central banks in emerging markets accelerate their shift away from the US dollar, according to a new analysis by Deutsche Bank. The German investment bank projects that gold’s share of global central bank reserves might climb […]
Enbridge Affiliate Secures Approval for Sunrise Expansion to Boost BC Gas Capacity by 300 MMcf/d
Westcoast Energy Limited Partnership, an Enbridge (TSX: ENB) affiliate, has secured a certificate from the Canada Energy Regulator to proceed with its Sunrise Expansion Program, a major upgrade to its T-South natural gas pipeline system in British Columbia. The project, designed to meet rising demand, will add up to 300 million cubic feet per day […]
White House Correspondents Dinner Had Lower Security Level Than Other Trump Gatherings, Says Report
The Trump administration assigned the White House Correspondents’ Dinner a lower security level than other gatherings of senior officials, according to officials familiar with the plan cited by The Washington Post, sharpening scrutiny after an armed suspect breached the event perimeter while President Donald Trump, Vice President JD Vance, Cabinet members, lawmakers, journalists, and other […]
UAE’s OPEC Exit Could Mean More To Follow… And Remove The Cap
The UAE’s decision to leave OPEC and OPEC+ effective May 1 raises a larger threat than the loss of one producer: it may show other ambitious members that the fastest way around production limits is to quit the cartel. The Middle East government announced the exit on Tuesday after reviewing its “current and future capacity,” […]
Carney Says Trump’s Quick Tariff Deals “Not Worth The Paper They Were Written On”
Prime Minister Mark Carney is refusing to chase a narrow US tariff-relief deal, arguing that countries that rushed to sign agreements with President Donald Trump have privately found those deals weaker than advertised. “A lot of countries rushed into deals with the US. They weren’t really worth the paper they were written on,” Carney told […]