Russia Drains 27.9 Tonnes of Gold in Four Months to Cover Record War Deficit
The Bank of Russia has sold 27.9 tonnes of gold since January — the fastest drawdown in more than two decades — as the Kremlin reaches deeper into one of its last freely accessible reserves to cover a war budget that has outpaced every other line item in the federal accounts. Holdings fell 900,000 ounces […]
A New Gold Giant Is About to Be Born! | Equinox Gold x Orla Mining
Equinox Gold (TSX: EQX) and Orla Mining (TSX: OLA) are set to combine in a major all-stock deal that will create a new senior gold producer with expected 2026 output of roughly 1.1 million ounces. More importantly, the combined company will control a deep pipeline of growth projects and a production base that could push […]
Quebec to Axe Grocery Tax, Joining Manitoba
Quebec Premier Christine Fréchette is expected to announce Monday the abolition of provincial sales tax on a range of grocery and pharmacy products, in a move that would save households roughly $50 a year and cost the provincial treasury $100 million annually. The coming change was originally reported by Journal de Quebec, who stated that […]
This Gold Restart Story Could Be Moving Faster Than Expected | Shaun Heinrichs – 1911
In this conversation with Shaun Heinrichs, President and CEO of 1911 Gold Corporation (TSXV: AUMB) we discuss why he still sees the long-term bull case for gold as intact, how today’s margins are changing the conversation around near-term developers, and why 1911 Gold is now fully focused on restarting its asset and getting into cash […]
Ukrainian Drones Hit Transneft’s Novorossiysk Terminal for Third Time in Three Months
Ukrainian drones swept into Novorossiysk overnight on May 23 and set the Grushovaya oil terminal ablaze, sending thick smoke above a facility that sits at the heart of Russia’s Black Sea crude export network. Two people were injured in the attack. The strike is the third time in under three months that the Sheskharis complex […]
Tulsi Gabbard Quits As Director of National Intelligence to Care for Husband Fighting Rare Bone Cancer
Tulsi Gabbard is leaving the top of the U.S. intelligence apparatus, driven out not by politics but by a diagnosis. Her husband Abraham has been found to have an extremely rare form of bone cancer, and Gabbard told President Trump on Friday, in person at the Oval Office, that she cannot keep the job. Her […]
Former Samsung Semiconductor Chief Says China Could Break the DRAM Price Surge
The former head of Samsung‘s semiconductor division says Chinese memory manufacturers could reverse the AI-driven global memory shortage and collapse DDR5 prices within a year — and ChangXin Memory Technologies‘s surging profits suggest the challenge is no longer theoretical. Kye-hyun Kyung, former President and CEO of Samsung’s Device Solutions (DS) Division, told a Korean engineering […]
US Consumer Sentiment Hits All-Time Low as Iran War Drives Gas Prices Higher
US consumer sentiment fell to its lowest recorded level in May, according to the University of Michigan’s final monthly survey released Friday, as soaring fuel costs tied to the ongoing Iran conflict pushed Americans’ economic outlook to historic depths. The University of Michigan’s Index of Consumer Sentiment dropped to 44.2 in May — its third […]
Turkey Tightens Institutional Grip After Court Rules Erdogan Opposition Removal
Turkey’s central bank became the country’s political shock absorber after a court ruling against the main opposition collided with fresh state moves over universities and local governments, forcing markets to price institutional risk before investors could finish pricing monetary policy. The most visible cost was in currency defense. Reuters reported that traders estimated the central […]
Wealthsimple’s USD Account Puts Pressure On Canadian Banks And Their Fees
Wealthsimple’s new US dollar account is not a full chequing substitute, but it may not need to be one to create a problem for Canadian banks that still monetize USD access through monthly charges, transaction fees, balance thresholds, and currency conversion friction. The company’s product is officially a USD savings account. It lets customers hold […]