Canadian Housing Prices To Fall 2.2% This Fall — Survey Report
In the last months of the year, the national average residential sale price in the Canadian housing market is expected to fall by 2.2%, according to RE/MAX’s 2022 Fall Canadian Housing Market Outlook Report. RE/MAX brokers and agents anticipate a drop in sales this fall in 18 of the 30 markets questioned. This market easing […]
Saudi Arabia Slams Joe Biden’s Attempts To Delay OPEC+ Oil Output Cutback
The Kingdom of Saudi Arabia issued a statement to clarify matters surrounding the OPEC+ decision to make its sharpest output cut since the beginning of the COVID-19 pandemic. The government’s foreign ministry reaffirmed that the organization of oil-exporting states made the decision to slash oil production should not be characterized as “taking sides in international […]
Emerita Resources Hits 30 Metres Of 3.03 g/t Gold At Depth
Emerita Resources (TSXV: EMO) continues to expand its La Romanera deposit at its Iberian Belt West Project at depth. The firm this morning released assay results on four drill holes, which at depth expand the deposit to 450 metres wide. Results from the four drill holes saw three holes intersect “significant mineralization,” while the fourth […]
US Inflation Still Surpassing Expectations, Reinforces Fed’s Hawkish Tightening Cycle
While markets spent much of the past two weeks fixated on the bond crisis in the UK, the inflation situation in the US hasn’t been faring too well. It appears the Fed’s hawkish tightening cycle has yet to have an impact on cooling surging consumer prices, and Joe Biden’s failed attempts at wooing OPEC will […]
Karora Resources Reports Q3 Gold Production of 38,437 Ounces
Karora Resources (TSX: KRR) has seen record gold production for the third quarter. The firm this morning indicated that it produced a total of 38,437 gold ounces on a consolidated basis from its operations in Western Australia. Production was up versus the 30,652 ounces produced in the second quarter. Sales meanwhile for the quarter were […]
NG Energy Enters Three Year Agreement For Sale Of 8,000 MMBTU Of Gas
NG Energy International (TSXV: GASX) continues to see demand for its natural gas produced in Colombia. The firm this morning indicated it has entered into a three year agreement for the sale of natural gas produced at the Maria Conchita gas field under a binding letter of intent. The arrangement, entered into with Plus+ Energy […]
Elon Musk Reportedly Denied Ukraine Extending Starlink To Crimea, But Still Supports Ukraine
Elon Musk reportedly personally refused a Ukrainian proposal to expand his satellite internet service to Crimea, fearing that an endeavour to reclaim the peninsula from Russian forces would result in a nuclear war. Still continuing from the report by foreign policy analyst Ian Bremmer on his alleged conversations with Musk, the Ukrainian government urged the […]
Infowars Alex Jones Must Pay Nearly $1 Billion to Sandy Hook Families Over False Claims
Infowars founder and conspiracy theorist Alex Jones was ordered to pay almost $1 billion in damages to the families of Sandy Hook victims, after he used his platform to spread misinformation about the school shooting massacre. A Connecticut jury on Wednesday ordered Jones to pay a total of $965 million to eight of the victims’ […]
FOMC Minutes Show Fed Will Maintain Higher Rates Until Inflation Falls to 2%
The FOMC minutes from last month’s meeting reiterated what markets were already bracing for: the Fed will maintain its course on hawkish monetary policy, even if it comes at the cost of the labour market and slower GDP growth. Minutes from the Fed’s policy meeting on September 20 released on Wednesday show members are anticipating […]
2023 Looks Grim, Says Food Bank CEO
In September, about 8,800 new families registered to use the Daily Bread Food Bank for the first time in Toronto. And while the food bank caters to clients on social assistance, or working minimum wage or part-time jobs, they are seeing more of those with higher salaries but have most of it go to rent […]