CMHC Q2 2025 Net Income Rises 15% to $419M, Driven By Insurance And Securitization Demand
Canada Mortgage and Housing Corporation posted Q2 2025 net income of $419 million, up 15% from $364 million a year ago. Even as an update to macro assumptions sent insurance service expense up nearly ninefold, demand for insured mortgages and securitization stayed strong, cushioning the hit. Insurance revenue rose 26% to $331 million, lifting the […]
Ukraine Attacks Force Russia’s Main Oil Port To Cut Exports By 50%
Russia’s Ust-Luga oil export terminal will run at roughly half capacity in September—about 350,000 barrels per day—after Ukrainian drone attacks damaged pipeline infrastructure feeding the port. The bottleneck traces to strikes on the Unecha pumping station in Bryansk, a key transit node for flows to Ust-Luga and the Druzhba line into the EU. Repair work […]
Pierre Poilievre Vows to Eliminate Clean Fuel Regulations
Conservative Leader Pierre Poilievre is intensifying his campaign against Canada’s Clean Fuel Regulations, branding them “carbon tax 2.0” as he prepares to make their elimination a key priority when Parliament resumes in September. Speaking outside a gas station in Charlottetown on Wednesday, Poilievre said the regulations are already adding cents to fuel prices across the […]
Energy Minister Rejects Trans Mountain Pipeline Optimization as Priority Project
Energy Minister Tim Hodgson rejected on Wednesday the Trans Mountain pipeline operator’s request to fast-track capacity optimization under new federal powers, saying the upgrades don’t qualify as a project of national interest despite potential for significant output gains. The dispute centers on whether Canada should maximize its $34 billion Trans Mountain expansion before building new […]
Simply Solventless Sees Record Revenue, Gross Margin Drop In Q2 2025
Simply Solventless (TSXV: HASH) reported its Q2 2025 financials, with gross revenue jumping 317% year over year to a record $13.0 million from $3.1 million, a 5% increase from last quarter’s $12.4 million. Costs scaled with volume as cost of goods sold rose to $6.2 million from $1.9 million, swinging gross profit before fair-value adjustments […]
World’s Largest Banking Climate Alliance Suspends Operations After Mass Exodus
The world’s largest climate alliance for banks suspended operations Wednesday and will ask remaining members to vote on whether the organization should continue to exist, marking a dramatic collapse for a group that once represented the financial industry’s commitment to fighting climate change. The Net-Zero Banking Alliance announced it would halt activities after North American […]
Canada Joins NATO’s 2% Club as Alliance Hits Record $1.4 Trillion Spending
NATO released its annual defense spending estimates Thursday, showing member nations will reach a historic $1.404 trillion in defense expenditures for 2025, with 31 of the alliance’s 32 countries meeting the 2% GDP spending benchmark for the first time since its establishment in 2014. The report, published by NATO headquarters, shows the United States leading […]
French PM: Next Generation To Pay For Debt Accumulated For The “Comfort Of The Boomers”
France’s Prime Minister François Bayrou says debt was piled up to guarantee the “comfort of the boomers,” shifting the bill to younger generations, as parliament readies a September 8 confidence vote on his leadership along with his €43.8 billion austerity plan. On television he called the young “the victims,” saying they “will have to pay […]
Soma Gold Swings to Profit in Q2 2025 Despite Higher Costs, Lower Output
Soma Gold (TSXV: SOMA) reported its financial results for Q2 2025, with revenue of $23.0 million, a modest 1.4% year-over-year increase from $22.7 million last year, as higher realized gold prices was offset by a steep drop in gold sales volume. Cost of sales were relatively flat at $17.3 million, leading a marginal decline in […]
Canada Sees GDP Shrink In Q2 After 7.5% Drop In Exports
Canada’s economy shrank in the second quarter of 2025, with real gross domestic product falling 0.4 percent following a 0.5 percent gain in the previous quarter. The contraction was primarily triggered by steep declines in exports and reduced business investment in machinery and equipment, even as robust household spending, rapid inventory accumulation, and lower imports […]