Senate Delays Crypto Bill After Coinbase Withdraws Support
The Senate Banking Committee postponed a scheduled vote on major cryptocurrency legislation on Thursday after Coinbase (NASDAQ: COIN), the largest US crypto exchange, withdrew its support hours before the hearing. Committee Chairman Tim Scott announced the delay late Wednesday, saying bipartisan negotiations would continue. Scott did not set a new date for the markup session. […]
Buy Canadian Policy Debuts with Subway Car Contract
The Canadian government on Wednesday unveiled its inaugural project under the new Buy Canadian Policy, committing federal dollars to 55 subway cars for Toronto featuring domestic assembly and majority Canadian components. Infrastructure Minister Gregor Robertson and Jobs Minister Patty Hajdu disclosed the investment in Thunder Bay, where Alstom will manufacture the rolling stock for the […]
Bombardier Plans $100 Million Montreal Plant to Meet Business Jet Demand
Bombardier Inc. (TSX: BBD.B) will construct a 126,000-square-foot production center in Dorval as part of a $100 million expansion aimed at meeting surging customer demand for business aircraft. The business jet manufacturer plans to complete the facility by late 2027. Quebec’s government will provide $35 million in repayable financing through its ESSOR program to support […]
Trump Urges Grid Operator to Make Tech Giants Fund New Power Plants
President Donald Trump will push the nation’s largest electricity grid operator Friday to require technology companies to pay for $15 billion in new power plants, though the proposal carries no legal force and depends on voluntary cooperation from an independent organization that was not invited to the announcement. The administration will push PJM Interconnection, which […]
Ottawa Bets $65M On Mangrove Lithium Scale-up
Ottawa is putting up to $65 million into Mangrove Water Technologies, branded as Mangrove Lithium, to accelerate lithium processing capacity and reduce scale-up risk in Canada’s battery materials chain. The investment is being made through Canada Growth Fund, a $15 billion arm’s-length public investment vehicle with a mandate that includes backing critical minerals technologies to […]
US Bipartisan Bill Tabled To Build $2.5B Critical Minerals Reserve
US lawmakers introduced bipartisan legislation Thursday to create a $2.5 billion Strategic Resilience Reserve that would buy and stockpile critical minerals to stabilize prices and push domestic mining and refining activity. The 68-page bill frames the move as a response to China “weaponiz[ing] its influence over prices and volumes in the contest for access to […]
New Gold Hits 2025 Guidance, Records $532 Million In Free Cash Flow
New Gold (TSX: NGD) reported Thursday evening that they achieved production guidance in 2025, following fourth quarter production results that consisted of 107,778 ounces of gold and 11 million pounds of copper. Broken out, New Aton in Q4 produced 13,355 ounces of gold in addition to 11.0 million pounds of copper, while Rainy River produced […]
Endeavour Silver Guides To 15.1 Million Silver Equivalent Ounce Production Midpoint For 2026
Endeavour Silver (TSX: EDR) this morning released their guidance figures for 2026, which is headlined by anticipated metal production of 14.6 to 15.6 million silver equivalent ounces. That figure is based on expected production from the Terronera, Guanacevi, and Kolpa mines. Broken out, guidance is currently calling for the production of 8.3 to 8.9 million […]
Goldman Warns Copper Rally Overdone, Predicts 14% Drop Despite Stock Surge
Copper mining stocks jumped 108% in 2025, but Goldman Sachs warns current prices aren’t justified and expects a 14% correction to $11,200 per metric ton by late 2026. Copper hit $13,200 per ton this month — record highs driven by tariff fears and US stockpiling rather than fundamentals. Goldman projects a 300,000 ton global surplus […]
TD Securities’ Bearish Silver Bet Fails as China Tightens Exports
TD Securities‘ strategic bet against silver backfired spectacularly this month as the metal’s price surge past the bank’s stop-loss level, potentially costing the firm millions on a trade that anticipated a 50% price collapse. The Canadian investment bank entered a short position in March silver futures at $78 per ounce on January 7, targeting a […]