$4,300 Gold Is Topping, Bitcoin Will Spark the Next Recession!? | Mike McGlone
In this conversation with Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, we unpack what gold’s explosive move really means for the broader economy. Mike explains why the metal’s surge may be less about inflation and more about the world shifting toward deflation, why Bitcoin could trigger the next recession, and how risk assets might […]
Ottawa Approves $9.1B Takeover Of Parkland By Texas Firm
Texas-based energy firm Sunoco will take control of Parkland’s Burnaby refinery after the Carney government approved the acquisition under the Investment Canada Act, clearing the last major Canadian hurdle ahead of an expected close Friday. The transaction was announced in May 2025, with a stated value of approximately US$9.1 billion including assumed debt. Parkland shareholders […]
Ontario Launches East-West Pipeline Study, Targets 2026 Options
Ontario has awarded a feasibility study to examine a new Canadian east west pipeline and energy corridor that would move oil and gas from Alberta and Saskatchewan to refineries in southern Ontario and to potential ports on James Bay, Hudson Bay and the Great Lakes. Premier Doug Ford said the study is part of a […]
Immigration Cuts Slash Population Growth, Cool Housing & Labor Market Pressures
TD Economics says Ottawa’s immigration cuts are already easing housing and labor-market pressures as Canada’s population growth collapsed from 3.2% in Q2 2024 to 0.9%, a sharp break that aligns with the government’s plan to right-size non-permanent residents and permanent resident targets. Economists Beata Caranci and Marc Ercolao write that last year’s pace of arrivals […]
OpenAI Reportedly Targeting $1 Trillion IPO By 2026
OpenAI is laying groundwork to file for an initial public offering valued at up to $1 trillion as early as the second half of 2026 while targeting at least $60 billion in new capital, according to people cited by Reuters. The company acknowledged that an IPO is the “most likely path” given its capital needs […]
Mali Mining Purge: 90+ Exploration Permits Hit Across Gold, Uranium
Mali has revoked more than 90 mining exploration permits under a government decree, citing widespread non-compliance with new legal requirements and naming specific local subsidiaries of the likes of Harmony Gold Mining, IAMGOLD, Cora Gold, and Resolute Mining. The mines ministry said permit holders were asked to submit documents under new rules and that verification […]
Ottawa Signals Staff Cuts As Federal Budget Targets ‘Workforce Adjustments’
The Carney government will use next week’s federal budget to reduce the size of the public service through “workforce adjustments” that include layoffs, Finance Minister François-Philippe Champagne said. Government sources say the plan will right-size the workforce to cut operating costs and redirect money to priority investments. Champagne told an audience at the National Gallery […]
Cenovus Energy Q3 2025 Net Earnings Jump 57% On Record Output
Cenovus Energy (TSX: CVE) reported Q3 2025 net earnings of $1.3 billion, up 57% year over year from $820 million, as total revenue increased to $13.2 billion on record upstream production and a 99% downstream utilization rate. Total operating margin rose to $3.0 billion from $2.4 billion in Q3 2024. Segment revenue: upstream revenue was […]
Formation Metals Expands Drill Program To 30,000 Metres After Raising $8.5 Million
Formation Metals (CSE: FOMO) has expanded their drill program from an initial 10,000 metre program to 30,000 metres. The expansion follows the completion of a $8.5 million private placement conducted by the company that saw LIFE units sold at $0.37 per each, alongside flow through units that were sold at $0.41 per each. The drill […]
Probe Gold To Be Acquired For $3.65 A Share By Fresnillo
M&A activity is back on the table within the mining sector following a brief lull in the market. Probe Gold (TSX: PRB) is the latest name to be targeted for acquisition, although it has an unexpected acquirer: Fresnillo. The latest arrangement will see Fresnillo, who is the world’s largest primary silver producer and the largest […]