Hudbay Minerals To Acquire Rockcliff Metals After Closing Copper Mountain Deal

Hudbay Minerals (TSX: HBM) is continuing on an acquisition streak, revealing last night it has entered an arrangement to consolidate the Snow Lake camp of Manitoba. The firm has entered into an arrangement to acquire Rockcliff Metals (CSE: RCLF) in an all-stock transaction, valuing Rockcliff at $13.0 million. The company owns 49% of Hudbay’s Talbot […]

Titanic Tourist Submarine Goes Missing Off Canadian Coast

A search and rescue operation of significant magnitude is currently underway in the mid-Atlantic as a tourist submarine has gone missing during a dive to the wreck of the Titanic. The US Coast Guard reported the loss of contact with the small sub approximately one hour and 45 minutes into its dive. The vessel, identified […]

Twitter Faces Eviction from Boulder, Colorado Office over Unpaid Rent

Twitter is set to be evicted from one of its Boulder offices, after the landlord lodged a complaint to the county judge alleging that Twitter, which signed a lease for four office suites in 2020, has fallen behind on its rent payments. When leasing the office, Twitter set up a $968,000 letter of credit to […]

Is China Working With Taliban?

Afghan central bank governor Hidayatullah Badri held a clandestine meeting with Chinese envoy Wang Yu, with their discussion centered around the crucial topics of economy, banking relations, business, and more, as revealed by the bank’s spokesperson to Reuters. Despite lacking formal diplomatic ties with the Taliban government, China has discreetly maintained a presence in Kabul, […]

CMHC Rings Alarm on Canada’s Deteriorating Housing Affordability

Canada Mortgage and Housing Corporation (CMHC) chief economist Bob Dugan expressed concerns over the deteriorating affordability of Canada’s housing market, urging the need for action. “I’m actually worried that affordability is going to deteriorate rather than improve unless we can do something about it,” he said, as quoted by the Canadian Press. As of May, […]

RCMP Probing Trudeau and Aides Over Potential SNC-Lavalin Obstruction of Justice

Democracy Watch, a Canadian advocacy organization, has disclosed a response it received under the Access to Information Act (ATIA) from the RCMP regarding a probe into Prime Minister Justin Trudeau’s actions after former Attorney General Jody Wilson-Raybould publicly revealed she was being pressured to call off the investigation into engineering firm SNC-Lavalin. The RCMP’s response […]

Is Immigration To Blame For Canada’s Housing Crisis?

Canada’s population has reached a significant milestone, hitting 40 million on Friday, with immigration accounting for nearly all of last year’s growth. However, the ongoing housing crisis in Metro Vancouver, the Greater Toronto Area, and across the country has sparked a familiar argument: if Canada can’t house its existing residents, should it continue to welcome […]