Palisades Becomes First US Nuclear Plant to Reverse Shutdown
Holtec International announced Tuesday that its Palisades nuclear facility in western Michigan has achieved operating status, becoming the first American nuclear plant to transition back from decommissioning. The 800-megawatt facility owned by the Florida company has yet to produce electricity but may now load fuel into its reactor following completion of the remaining inspections and […]
Canada Post Sees Largest Quarterly Loss In Q2, Points To Union Overtime Ban
Canada Post posted $407 million in pre-tax loss in Q2, its largest single-quarter loss, as parcel volumes and revenue each dropped about 37% from a year earlier. The corporation pointed the loss to customer uncertainty tied to the Canadian Union of Postal Workers’ overtime ban that began May 23. “Over 50 per cent of year-to-date […]
Churchill Port Gets Federal Backing as Canada Pivots from US Trade
Prime Minister Mark Carney said Tuesday the federal government will announce new port infrastructure funding within two weeks, highlighting expansions in Montreal and Manitoba as priority projects under Ottawa’s effort to diversify trade away from the United States. The commitment comes as Canada pursues deeper economic ties with Europe through new agreements on energy and […]
Royal Bank of Canada Reports Record Net Income In Q3 2025 As Credit Loss Provision Jumps 34%
Royal Bank of Canada (TSX: RY) reported record Q3 2025 net income of $5.41 billion, up 21% year over year from $4.49 billion, translating to $3.75 earnings per diluted share. On adjusted basis, net income reached $5.53 billion and diluted EPS came in at $3.84, up 17% and 18% YoY, respectively. Total revenue rose to […]
National Bank Revenue Climbs 15% in Q3 2025 As CWB Lifts Loans
National Bank of Canada (TSX: NA) reported Q3 2025 net income of $1.07 billion, up 3% year over year from $1.03 billion, on revenue of $3.45 billion, up 15% from $3.00 billion. Diluted EPS fell 11% to $2.58. Provisions for credit losses rose to $203 million from $149 million. ROE slid to 13.6% from 18.4% […]
Ivanhoe Completes Debottlenecking At Kipushi, Maintains 2025 Guidance
Ivanhoe Mines (TSX: IVN) indicated this morning that a debottlenecking initiative at their Kipushi Zinc Mine in the DRC has been completed after nearly a year. The program was focused on boosting the concentrator throughput rate by 20% from prior levels. With the program now complete after an early August shutdown, Kipushi has reportedly seen […]
Heliostar Metals Hits 6.29 g/t Gold Over 30.2 Metres At Ana Paula
Heliostar Metals (TSXV: HSTR) has released the first assay results from an ongoing exploration program at their Ana Paula project in Mexico. The ongoing program aims to complete a total of 15,000 metres of drilling in support of a feasibility study as well as resource conversion. Highlights from the results include: Holes AP-25-322 and AP-25-324 […]
Lutnick: Trump Administration Eyeing Stakes in Lockheed Martin, Other Defense Giants
Commerce Secretary Howard Lutnick said Tuesday the Trump administration is weighing whether to acquire equity stakes in major defense contractors, including Lockheed Martin (NYSE: LMT), signaling a potential expansion of government ownership in the private sector. Speaking on CNBC, Lutnick said there is a “monstrous discussion” at the Pentagon about the federal government taking partial […]
China Expands Rare Earth Controls, Now Regulating Imports
Chinese authorities expanded their grip on global rare earth supply chains Friday, imposing new restrictions that for the first time include oversight of minerals imported for processing alongside domestic production. The measures from China’s Ministry of Industry and Information Technology establish mandatory quotas and licensing requirements for companies handling these critical materials used in everything […]
Canada Sees Sharp Rise in Jobless Claims as Trade Tensions Mount
The number of Canadians receiving unemployment benefits surged 12.8% in June compared to the same month last year, signaling growing job market stress as the country grapples with trade tensions and tariff pressures, Statistics Canada reported Thursday. About 541,000 Canadians received regular Employment Insurance benefits in June, an increase of 18,000 from May and 62,000 […]