US Announces Operation Southern Spear as Military Buildup Near Venezuela Intensifies
Defense Secretary Pete Hegseth announced Operation Southern Spear on Thursday, formalizing a military campaign targeting what the administration describes as “narco-terrorists” in the Western Hemisphere, as tensions with Venezuela reach their highest point in decades. The announcement comes as the USS Gerald R. Ford, the Navy’s newest and most capable aircraft carrier, approaches Venezuelan waters […]
Northern Rail Corridor Proposal Faces Private Sector Hurdles Despite Government Support
A proposed rail corridor connecting Ontario mining operations to Quebec’s deep-water Port of Saguenay has gained government backing but faces challenges securing private sector investment, with concerns about traffic volume guarantees emerging as a key obstacle. The project would rehabilitate approximately 160 kilometers of abandoned railway between Lebel-sur-Quévillon and Chapais, Quebec, creating a route to […]
Critics Tear Into Carney’s Major Projects Showcase
The federal government’s newest slate of “major projects” is being sold as a transformative fast track for nation building but is landing in a 2025 budget context that shows a record $78 billion new hole in Canada’s public finances. Finance Canada says the Major Projects Office will “fast-track major nation-building projects that are in the […]
DPM Metals Locks In Record Q3 2025 Despite Higher Costs
DPM Metals (TSX: DPM) reported a record Q3 2025 as revenue jumped 82% to $267.4 million and net earnings more than doubled to $96.0 million, driven primarily by pricing rather than volume as the quarter also locked in structurally higher unit costs versus 2024. The average realized gold price in the quarter climbed 43% to […]
Enbridge Commits To US$1.4 Billion Mainline Pipeline Expansion
Enbridge Inc (TSX: ENB) has reached a final investment decision on their Mainline Optimization Phase 1 project, with the company committing to spend US$1.4 billion on the effort. The project will add further capacity to Enbridge’s Mainline network alongside the Flanagan South pipeline, which will in turn increase deliveries of Canadian heavy oil to the […]
Soma Gold Expects 5,000 Ounce Production Hit Due To Strikes
Soma Gold (TSXV: SOMA) has cut production guidance for 2025 following the end of a 57 day strike that occurred at their Cordero Mine and El Bagre Gold Complex. While work has now resumed on site, additional maintenance is now required across several systems at the El Bagre mill as a result of the prolonged […]
Toyota Commits $10 Billion to US Operations, Opens First Battery Plant Outside Japan
Toyota Motor Corp. announced Wednesday it will invest up to $10 billion in its US operations over the next five years, confirming plans that President Donald Trump had mentioned during his visit to Japan last month. The Japanese automaker announced that it officially began production at its new $13.9 billion battery manufacturing plant in Liberty, […]
Global Oil Demand May Keep Rising for Decades, Energy Agency Now Says
The International Energy Agency released projections Wednesday showing global oil demand could continue rising until 2050, marking a significant departure from the agency’s recent forecasts that consumption would peak within this decade. In its annual World Energy Outlook, the Paris-based agency reinstated a “Current Policies Scenario” projecting oil demand will reach 113 million barrels per […]
Pan American Silver Doubles Profit, Boosts Guidance After MAG Acquisition In Q3 2025
Pan American Silver (TSX: PAAS) increased attributable Q3 2025 revenue by 24% to $884.4 million from $715.0 million, as higher realized metal prices and sharply lower silver segment costs offset softer gold production and higher gold costs. Attributable silver production was essentially flat at 5.46 million ounces, yet the realized silver price climbed 32% to […]
‘Big Short’ Investor Michael Burry Shuts Down Scion Asset Management
Michael Burry, the investor who famously predicted the 2008 housing market collapse, has deregistered his hedge fund Scion Asset Management with federal regulators, sparking speculation about his next move and the state of financial markets. The Securities and Exchange Commission’s database shows Scion Asset Management’s registration status changed to “terminated” effective November 10. The firm […]