Chinese Mining Giant Opens Gold, Copper Fund to Hong Kong Investors
Chinese mining conglomerate Zijin Mining Group opened its gold and copper investment fund to professional investors in Hong Kong this week, expanding access to a fund previously limited to company insiders. Gold Mountain Asset Management, Zijin’s overseas subsidiary, launched the fund to external investors Wednesday after operating exclusively for internal companies and employees. The move […]
Did Trump ‘Overplay His Hand’ In Tariff-Driven Trade Deals?
President Donald Trump’s tariff-heavy trade strategy is encountering significant resistance as countries worldwide adopt China’s successful playbook of patient negotiation rather than rushing to secure deals with the United States. The shift became apparent after Trump’s dramatic May agreement with China, which temporarily reduced US tariffs from 145% to 30% — a 115 percentage point […]
Liberal Backbenchers Reportedly Push Secret Ballot Reform, Testing Carney’s Grip
An alleged brewing rebellion within Liberal ranks is poised to test Prime Minister Mark Carney’s grip on caucus cohesion, as backbenchers privately rally behind adopting the Reform Act. This move, which would empower MPs to oust a future leader through a secret confidence vote, signals deepening fractures within the Liberal government. As Politico’s Mickey Djuric […]
Union Leader To Ottawa: Seize Assets Of Companies Offshoring Canadian Jobs
Canada’s largest private-sector union is pressing Ottawa to wield a little-used Cold War–era law to punish companies that offshore Canadian jobs. In a letter to Prime Minister Mark Carney, Unifor National President Lana Payne urged the federal government to invoke the Foreign Extraterritorial Measures Act “to fine and seize the assets of companies that move […]
‘I Think I’ve Done Enough’: Musk To Cut Political Spending After Record Year
Elon Musk said Tuesday he will significantly reduce his political spending after becoming the largest political donor in the 2024 election cycle with contributions totaling at least $288 million to help elect President Donald Trump and other Republican candidates. “In terms of political spending, I’m going to do a lot less in the future,” Musk […]
Justin Sun, Top Trump Token Holder, Gets Break in SEC Case
A Chinese cryptocurrency entrepreneur who invested $75 million in President Donald Trump’s digital asset ventures while facing federal fraud charges has received a significant break from securities regulators, prompting accusations of pay-to-play politics from Democratic lawmakers and ethics watchdogs. Justin Sun, 34, founder of the Tron blockchain platform, saw his Securities and Exchange Commission case […]
Make Canada (A) Great Automaker?
With US trade tensions chipping away at auto sector production and investment in Ontario, Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, argues that Ottawa should seriously explore the creation of a homegrown carmaker. He frames the current uncertainty not as a liability but as a rare opportunity to shed the “lack of national […]
Why Trump’s Latest ‘Public Offering’ Pitch for Fannie and Freddie Is All Smoke and Mirrors
President Donald Trump’s recent post proclaiming he’s “giving very serious consideration to bringing Fannie Mae and Freddie Mac public” conflates their modest over-the-counter listings with a full privatization push. “Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,” he wrote, promising […]
TD Bank’s Restructuring Loss Overshadows Earnings Beat In Q2 2025
TD Bank Group (TSX: TD) reported a staggering 334% year-over-year increase in reported Q2 2025 net income to $11.13 billion, primarily driven by an $8.57 billion after-tax gain from the sale of its remaining stake in Charles Schwab. However, stripped of this one-time windfall, adjusted net income fell 4% to $3.63 billion from $3.79 billion […]
Canada Pension Eyes Investment in Carney’s “Nation-Building”, Drops Net-Zero Commitment
Canada Pension Plan Investment Board chief executive John Graham says Prime Minister Mark Carney’s push for large-scale, nation-building projects offers “pretty interesting domestic investment opportunities.” Graham emphasized the fund’s appetite to grow its Canadian assets in line with Carney’s election platform targeting internal trade barriers and resilient infrastructure. Carney, who won last month’s federal election […]