Iraq Rocks Petrodollar Supremacy, Looks To Trade With China In Yuan
In an effort to improve access to foreign currency, Iraq’s central bank announced on Wednesday that it would allow commerce with China to be settled directly in yuan for the first time. The central bank has been acting to compensate for a dollar shortage in domestic markets, prompting the cabinet to authorize a currency revaluation […]
West Red Lake Gold Intersects 12.5 g/t Gold Over 3.0 Metres, Acquires 100% Stake In Rowan Property
The assay results are in for West Red Lake Gold Mine’s (TSXV: WRLG) 2022 drill program. The program saw 4,189 metres drilled in aggregate across thirteen holes at the firms flagship Rowan Property, in the Red Lake region of Ontario. Drilling was divided across three zones on the property, including the Porphyry Hill, NT, and […]
Snowline Gold Hits 558 Metres Of 1.26 g/t Gold
Snowline Gold (CSE: SGD) this morning released preliminary results from a 2022 drill program conducted at its Rogue Project, which is found in the Yukon. Results from a single hole were reported, with the results said to represent the largest mineralization intersection to date. Hole V-22-029 intersected mineralization from a depth of just 4.4 metres […]
French Lender BNP Paribas Sued for Financing Fossil Fuel Projects
Three climate activist groups have filed a lawsuit against BNP Paribas (EPA: BNP), one of Europe’s largest banks, accusing the French lender of breaching its legal duty to ensure its activities do not cause environmental damage. The groups say that this is a first-of-its-kind lawsuit against a commercial bank. The groups — Oxfam, Friends of […]
Loblaw Expects Double-Digit EPS Growth In 2023 As Fresh Price Hikes Loom
Loblaw Companies (TSX: L) had stellar Q4 2022 and full-year 2022 financial results, thanks to you, dear Canadians. Despite the hawkish interest rate hikes and one of the worst cost-push inflation environments in recent memory, the nation’s largest retailer saw its quarterly revenue jump nearly 10% year-on-year, coming in at $14.0 billion at the end […]
Canada’s Underground Economy Was Worth $68.5 Billion in 2021, New Study Finds
Canada’s underground economy, consisting of market-based economic activities that escape measurement due to their hidden, illegal, or informal nature, was estimated to be worth $68.5 billion or 2.7% of the country’s total GDP in 2021, according to a recent study by Statistics Canada. The study highlights the significant impact of the underground economy on Canada’s […]
Is Bulgaria’s OneCoin Crypto Scam Queen Ruja Ignatova Dead?
According to new records, prominent crypto fraudster Ruja Ignatova, part of the FBI’s 10 Most Wanted and believed to be on the run, was apparently already dead as far back as 2018. A Bulgarian police document showed reports that Ignatova was killed in November 2018 on the order of Christoforos Amanatidis, a known drug lord by […]
Jerome Powell Warns of Ongoing Rate Hikes
Although US inflation is showing signs of easing— albeit slowly, the Fed appears adamant on continuing its aggressive rate-hiking cycle. Fed minutes released yesterday from January’s FOMC meeting show that policy makers are still worried about inflation sitting well above the central bank’s 2% target range, while the labour market, “remains very tight, contributing to […]
City of Vancouver Wants to Increase Property Tax by 9.7% in 2023
The City of Vancouver is proposing a 9.7% hike in property tax to address inflation and years of postponed spending. The figure is almost double the 5% increase proposed in November 2022 but in line with, if not a little shy of the City staff’s November 2021 forecast of a 10% increase in 2023. “The […]
Gold Will Be The Best Performing Asset of 2023 — With Gareth Soloway
Joining us today on The Daily Dive is Gareth Soloway, President and Chief Market Strategist of InTheMoneyStocks.com. Gareth returns to the show today to provide his take on oil prices and recent earnings from consumer staples, while also providing his read on NVIDIA, Alibaba, Tesla, Gold, Silver, and of course, bitcoin. InTheMoneyStocks.com is a trading […]