OPEC+ to Weigh 500,000 Barrel Daily Output Hikes
OPEC+ will discuss fast-tracking oil production increases when members meet Saturday, with delegates indicating the group may approve monthly hikes of approximately 500,000 barrels per day over three months, according to sources familiar with the matter. The proposal, set to be reviewed at the October 5 meeting, would significantly accelerate the return of previously curtailed […]
Is An Albertan Oil Pipeline Announcement Near?
Alberta could unveil an oil pipeline initiative as early as today, which could shed more light on the province’s situation in the federal government’s major projects push. The immediate signal came from BC political reporter Rob Shaw, saying BC is bracing for a possible Alberta pipeline announcement and “all the political implications” of whether it […]
Toronto Mortgage Broker Faces Fraud Allegations as $100M Goes Missing
A Toronto mortgage broker faces fraud allegations following the failure of his long-established firm, with investors now attempting to recover more than C$100 million in syndicated mortgage funds. Sandy Sussman, who operated Sussman Mortgage Funding Inc., allegedly ran what investigators now characterize as a Ponzi-style scheme in Ontario’s cottage country real estate market. According to […]
Mali Dispute Led To Barrick Firing CEO—Sources
Mali may be the reason why Barrick Mining (TSX: ABX) removed CEO Mark Bristow after months of escalating fallout where the miner lost control of the Loulo-Gounkoto complex and had 3 metric tons of gold seized, contributing to a $1-billion write-off and a 4% share decline. Chairman John Thornton announced Bristow’s immediate departure and appointed […]
Dolly Varden Silver Drills 3.34 g/t Gold Over 120 Metres At Homestake Silver
Dolly Varden Silver (TSXV: DV) has encountered a significant gold intercept as part of their 2025 55,000 metre drill program. The intercept occurred at the Homestake Silver deposit in step out drilling. Highlights from the results include: “These gold results from a step-out hole at the Homestake Silver Deposit confirm that the deposit continues to […]
Gold X2 To Acquire Kesselrun Resources As Part Of Regional Consolidation Strategy
M&A activity is beginning to trickle down to the explorers. Gold X2 Mining (TSXV: AUXX), formerly known as Goldshore Resources, this morning announced that it has entered into a definitive agreement to acquire Kesselrun Resources (TSXV: KES). The transaction will see Gold X2 take control of the Huronian Gold project currently operated by Kesselrun, which […]
Silver47 Concludes 15 Hole Drill Program At Red Mountain
Silver47 Exploration (TSXV: AGA) has successfully completed a fifteen hole 2025 summer drill program at their flagship Red Mountain Project in Alaska. The program saw drilling spread across both the Dry Creek and West Tundra Flats zones.
Quebec Scraps Full 2035 Gas Vehicle Ban
Quebec recently lifted its planned 2035 ban on new gas-powered vehicle sales and reset the objective from 100% fully electric to a 90% hybrid-or-electric share of new sales, according to Environment Minister Bernard Drainville. The minister said the change is intended to give industry “a break” and provide Quebecers more choice, while maintaining a strong […]
Canada Post Workers Launch Nationwide Strike as Government Demands Major Reforms
Prime Minister Mark Carney warned over the weekend that Canada Post is “not viable” in its current form.
Taxpayers Lend $500M to Struggling Algoma Steel, Get Nothing in Return
Algoma Steel (Nasdaq: ASTL) announced Monday it had secured $400 million from Ottawa and $100 million from Ontario under emergency tariff relief programs. The company calls the funds critical to maintaining operations and its 2,600-person workforce, as 50% US tariffs effectively close off its largest market. But the loan structure — which gives taxpayers no […]