Ottawa Launches $13B Housing Push To Deliver 4,000 Homes
Prime Minister Mark Carney launched the Build Canada Homes agency with an initial $13 billion budget to accelerate affordable construction and deliver 4,000 homes across six federal sites, with first builds slated to begin in 2026. The agency’s first tranche covers six locations—Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg, and Edmonton—with site-specific details still pending. “The core […]
CIBC Expects BoC Rate Cut Faster Than US Fed
CIBC Capital Markets says the Bank of Canada has a stronger case to cut rates than the US Federal Reserve and is positioned to move more aggressively, starting with a 25-basis-point reduction. CIBC economist Ali Jaffery argues that Canada’s economy has moved “deeper into slack conditions throughout the year,” estimating a real-time output gap closer […]
Major Projects Office’s “Second Wave” Get Business Development Teams
Ottawa seems to have begun deploying “business development teams” to up-and-coming files, with at least one named assignment—Port of Churchill Plus—signaling the Major Projects Office will actively shepherd second-wave, undeveloped proposals. Policy analyst Heather Exner-Pirot flagged the shift, noting assignments of so-called “business development teams,” a role she characterized as well outside the public sector’s […]
Fuerte Metals To Acquire Newmont’s Coffee Gold Project For Up To US$150 Million
Fuerte Metals (TSXV: FMT) announced a major transaction this morning, with the company set to acquire Newmont’s (TSX: NGT) Coffee Gold project in the Yukon. The transaction will see the gold explorer acquire the project for total consideration of up to US$150 million. Consideration upon closing is to consist of US$10 million in cash and […]
First Nordic To Acquire Mawson Finland In $259 Million Transaction
First Nordic Metals (TSXV: FNM) is continuing to consolidate land positions within Sweden and Finland, with the company this morning announcing the acquisition of Mawson Finland Limited (TSXV: MFL). The transaction will see First Nordic take ownership of Mawson’s Rajapalot project and surrounding Rompas-Rajapalot property in Northern Finland, adding to the portfolio that includes the […]
MEG Energy Tells Shareholders To Ignore Strathcona Resources Revised Offer
MEG Energy (TSX: MEG) is sticking to their original plan for acquisition, with the company’s board of directors this morning recommending that investors reject the revised offer from Strathcona Resources (TSX: SCR), and instead elect to proceed with the Cenovus Energy (TSX: CVE) offer previously put on the table. In making the recommendation, MEG stated […]
Artemis Gold To Expand Blackwater To 8 Mtpa Operation By End Of 2026
Artemis Gold (TSXV: ARTG) is already looking to substantially increase production at their flagship Blackwater mine in British Columbia, despite hitting commercial production just months ago in May. The company this morning indicated they intend to increase their nameplate capacity by 33% by the end of 2026. The expansion, referred to as Phase 1A, will […]
Lion Electric Buses Remain Out of Service as Quebec Extends Safety Reviews
Lion Electric school buses remain off Quebec roads Monday as safety inspections continue following last week’s bus fire in Montreal.
New Found Gold: The Strategic Maritime Resources Purchase
Former small cap darling New Found Gold (TSXV: NFG) is evidently itching to become a producer. The company this past Friday announced that they have entered into a definitive agreement to acquire Maritime Resources (TSXV: MAE) after a month of negotiations. The focal point of the acquisition appears to be Maritime’s Hammerdown property, which is […]
Amex Exploration: Revised Perron PEA Has INSANE Economics
Evidently it’s the week of economic studies, with the market delivering to us yet another PEA to take a closer look at today. The latest study comes from a retail favorite, Victor Cantore’s AMEX Exploration (TSXV: AMX), who has been working on the development of their flagship Perron project. Which is found in the heart […]