Air Canada Slashes Guidance After Labour Disruptions
Air Canada (TSX: AC) has finally disclosed the financial impact of strikes that occurred over the summer. The firm last night released updated guidance for the year alongside certain estimated results for the third quarter, highlighting that the labour disruption had a significant impact on their operations. For the third quarter, operated capacity is expected […]
BMO Explores Sale of US Branches Worth $6 Billion in Deposits
Bank of Montreal (TSX: BMO) is exploring the potential sale of some US branches holding approximately $6 billion in deposits, The Wall Street Journal first reported, as the Canadian lender reshapes its American operations following a major acquisition. The bank is considering divesting operations in specific regions, including Wyoming and the Dakotasl. The divestiture could […]
US Antimony Wins $245M Pentagon Contract For National Defense Reserve
US Antimony Corporation secured a sole-source, five-year contract worth up to $245 million from the Defense Logistics Agency to supply antimony metal ingots for the national defense stockpile. Reuters reports the first delivery order is expected “within the week,” with US Antimony positioned to start immediate fulfillment from its domestic facilities under the multi-year program […]
Russia Weighs Extended Fuel Export Curbs as Refinery Attacks Mount
Russia is considering extending its gasoline export ban and introducing new restrictions on diesel exports through the end of 2025 as Ukrainian drone strikes continue to disrupt the country’s oil refining capacity. Moscow is weighing whether to extend its current gasoline export restrictions and implement new diesel limitations through 2025’s end, industry sources told the […]
TSX Hits Historic 30,000 As Canadian Stocks Outpace US Markets
Canada’s main stock index broke through 30,000 points for the first time in its history on Tuesday, capping a remarkable recovery that has seen the S&P/TSX Composite Index climb 35% since hitting a low point in April. The achievement is a significant milestone for Canadian equities, which have posted gains of 24.52% over the past […]
Gold ETFs See Largest Single-Day Inflow Since 2022 as Prices Hit Records
Gold-backed exchange-traded funds experienced their biggest single-day inflow in nearly three years on Friday, with investors pouring 27 tons into the precious metal as prices soared to fresh record highs. The massive influx is the largest single-day surge in nearly three years, according to Bloomberg data. SPDR Gold Shares, the world’s largest gold ETF, alone […]
US Wants 10% Stake In Lithium Americas For Gov’t Loan
Lithium Americas (TSX: LAC) surged roughly 80% after hours on Tuesday after the Trump administration is reportedly seeking an equity stake of up to 10% as part of a renegotiation of the Department of Energy’s $2.26 billion loan for the company’s Thacker Pass lithium project. The prospective stake—described by two people familiar with the talks—would […]
Sprott Ramps Up Uranium Buying to Highest Level Since 2023
Asset manager Sprott Inc. has purchased the most uranium in over two years, acquiring 450,000 pounds of the nuclear fuel last week as global demand for atomic energy surges. The Canadian firm’s Physical Uranium Trust now holds approximately 70.8 million pounds of uranium worth $5.84 billion, making it the world’s largest physical uranium fund. The […]
Sage Potash Outlines US$502 Million NPV For Flagship Sage Plains Project
Sage Potash (TSXV: SAGE) yesterday released the results of a preliminary economic assessment for their flagship Sage Plain Potash Project, which is found in the Paradox Basin of Utah. The results were headlined by an after tax net present value of US$502 million, alongside an internal rate of return of 39%, based on a discount rate of 8% and a sales price of $450 per tonne.
Vox Royalty Secures Portfolio Of Royalty And Offtake Arrangements For $60 Million
Vox Royalty (TSX: VOXR) has entered into an arrangement to acquire a portfolio of ten gold offtake and royalty assets from a subsidiary of Deterra Royalties in a deal that the company is defining as “transformational.” The arrangement will see Vox obtain royalties or offtake arrangements that cover twelve mines and projects across a total […]