Uranium Royalty To Take Possession Of Physical Uranium Produced At McArthur River Under Royalty Deal
Uranium Royalty Corp (TSXV: URC) is looking to take control of the uranium it is entitled to under a royalty agreement with Orano Canada for the McArthur River Mine in Saskatchewan. The firm this morning indicated it is looking to take physical possession of the uranium, rather than receive funds from the sale. Justifying the […]
Heritage Mining Reports Results Of Channel Sampling Program At Drayton-Black Lake Project
Heritage Mining (CSE: HML) continues to see positive results from its field program at the Drayton-Black Lake project, which is found in western Ontario. The firm has released further assay results from the channel sampling program conducted at the property, which has identified several high-grade gold-silver vein systems. The program itself consisted of sampling at […]
Royal Bank To Acquire HSBC Canada For $13.5 Billion In All-Cash Deal
The banking sector in Canada is set to get a bit more narrow for Canadians. Royal Bank of Canada (TSX: RY) this morning revealed it will be acquiring HSBC Bank Canada in an all-cash transaction. HSBC Canada reportedly has $134 billion in assets as of the quarter ended September 30, 2022, with 4,200 employees servicing […]
Global Coal Consumption Is Up This Year … But So Too Are CO2 Emissions
Russia’s decision to dramatically curtail natural gas supply to much of Europe in 2022 has caused many countries to increase coal consumption, due both to the lack of availability of previous sources of natural gas and the related substantial increase in the price of the clean-burning fuel. Specifically, many European countries, as well as India, […]
Australia’s Central Bank Issues Unprecedented Apology for Misleading Mortgage Holders on Interest Rates
In a rare statement from a major central bank, the Reserve Bank of Australia (RBA) is sounding regret over its enormously flawed guidance on interest rates and inflation, issuing an apology to new homeowners that took on a mortgage under the guise that borrowing costs would remain ultra-low for a long period of time. “Well, […]
Trade Bloc EEU Looking to Create Joint Payment System With BRICS
The Eurasian Economic Union (EEU) is looking to create a joint payment system with BRICS countries, in an effort to cut dependence on the US dollar and other western currencies. The EEU, a Russia-led post-Soviet bloc consisting of Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan focusing on the free trade of goods, services and capital amongst […]
The Royal Bank Has No Interest In Lower Housing Costs
In our last post about housing costs, this column looked at the anatomy of the average mortgage, and the squeeze that is being put on mortgage holders as rising rates at the Bank of Canada push the variable rates on mortgages issued by Canadian lenders past the trigger rates. Our example was a borrower whose […]
Europe’s Energy Crisis: Germans May Face Winter Catastrophe if they Don’t Drastically Cut Gas Usage
Germany is bracing for a cold, hard winter ahead. The country may have to resort to drastic rationing in the new year, should gas storage levels dip below critical levels. Data from Gas Infrastructure Europe shows that Germany’s gas storage facilities were 98.95% full as of November 23— a comfortable level to start the cold […]
FTX On Crosshair For “Any Potential Violations Of Bahamian Law”
Bahamian authorities are still investigating the collapsed cryptocurrency exchange FTX, according to Attorney General Ryan Pinder, even after the firm has signed its bankruptcy papers. Pinder added that the Bahamas Securities Commission, Financial Intelligence Unit and the police’s Financial Crimes Unit would “continue to investigate the facts and circumstances regarding FTX’s insolvency crisis, and any […]
The Spatial Web & Putting AI To Work — With Gabriel René
Joining us on the Daily Dive today is Gabriel René, founder & CEO of Verses Technologies (NEO: VERS). This afternoon, Gabriel sits down with us to help us wrap our brains around the Spatial Web, and how it bridges the gap between the digital and the real world. He also provides us with the latest […]