Domtar to Permanently Close Crofton Pulp Mill, 350 Jobs Lost
Domtar announced Tuesday it will permanently close its pulp mill in Crofton, British Columbia, eliminating approximately 350 jobs just weeks before the holiday season. The company said operations at the Vancouver Island facility will end December 15, though most employees will remain on payroll through mid-February 2026, with some positions extending to April. The mill, […]
Ontario Signs Bulgaria Nuclear Pact, Advances UK Critical Minerals Track
Ontario framed closing two major partnerships within 48 hours, pairing a “hundreds of millions” nuclear support agreement in Bulgaria with UK-based groundwork for a critical minerals partnership involving Argentina. In Bulgaria, Ontario Minister of Energy and Mines Stephen Lecce joined Energy Minister Zhecho Stankov to announce an agreement leveraging Ontario’s nuclear expertise to support Kozloduy […]
BC Conservatives Move To Remove Party Leader After He Refused To Step Down
The BC Conservatives’ attempt to oust party leader John Rustad hinges on a simple majority inside a 39-member caucus, but the public conflict has now become about the authority and mechanism of removal. Twenty caucus members submitted “individually executed” statements saying they had lost confidence in Rustad’s leadership, calling for his removal and the appointment […]
BMO Lifts Adjusted Income In Q4 2025 As Credit Loss Costs Halve
BMO Financial Group (TSX: BMO) reported Q4 fiscal 2025 results showing flat reported earnings but sharply higher adjusted profitability as credit loss provisions fell hard and revenue grew. Quarterly revenue rose 4% YoY to $9.34 billion from $8.96 billion, driven by non-interest revenue up 9% to $3.85 billion and net interest income up 1% to […]
EU Bans Russian Gas by 2027, Yet Will Send Moscow €35-40 Billion Before Deadline
European Union negotiators struck a legally binding deal early Wednesday to halt all Russian gas imports within three years, but critics condemned the extended timeline that allows billions more in revenue to flow to Moscow during its war in Ukraine. EU governments and the European Parliament agreed on staggered cutoff dates: liquefied natural gas imports […]
NWT Premier Pushes to Lift Federal Arctic Oil and Gas Moratorium
Northwest Territories Premier R.J. Simpson is actively lobbying the federal government to lift Canada’s Arctic offshore oil and gas moratorium before its scheduled 2028 expiration, arguing the restrictions hinder economic development and weaken the country’s energy security. Simpson told the media in late November that removing the moratorium could spur significant investment in the territory. […]
TD Bank Posts Income Dip In Q4 2025 Despite Credit Loss Provision Decline
TD Bank Group (TSX: TD) reported its fiscal Q4 2025 results, posting reported net income of $3.28 billion, down from $3.64 billion last year. This translates to $1.82 diluted EPS, down from $1.97. The softer headline was not a revenue problem so much as a mix and noise problem. Reported total revenue was $15.49 billion […]
CIBC’s Revenue Jump In Q4 2025 Eclipsed By Credit Loss Provision Spike
CIBC (TSX: CM) delivered Q4 2025 revenue of $7.58 billion, up from the prior $6.62 billion. The mix improved, with net interest income of $4.13 billion up from $3.63 billion while non-interest income of $3.44 billion rose from $2.98 billion. That lift happened despite lower gross interest flows: interest income fell to $12.09 billion from […]
Guanajuato Silver To Place Cata Processing Plant On Care And Maintenance
Guanajuato Silver (TSXV: GSVR) this morning declared that it is shuttering some operations as a result of the oncoming acquisition of the Bolanitos complex from Endeavour Silver. The operation in question is the Cata processing plant, which the company says it is closing on a temporary basis as a result of an optimization effort being […]
Canfor Corp Set To Acquire Canfor Pulp For $0.50 A Share
Canfor Corporation (TSX: CFP) is taking advantage of the current pulp situation within BC’s forestry industry, announcing this morning that it has entered into an arrangement to acquire the remainder of Canfor Pulp Productions (TSX: CFX) that it does not already own. In making the announcement, Canfor says the rationale behind the combination is the […]