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 […]
Alberta Courts Japanese Refiners For Heavy Oil Unit
Alberta has opened early-stage talks with Japanese refiners to co-fund a coker that can run oil-sands heavy crude, aiming to support flows on the 890,000 bpd Trans Mountain system. A Japanese coker would raise domestic capacity to process heavy, high-sulfur crude. Most refineries in the region cannot run Canadian blends today, however Pacific-bound Canadian barrels […]
Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling
Nord Precious Metals (TSXV: NTH) has identified 29 new veins at their Castle East property, found near Cobalt, Ontario. The finding follows the completion of a geological model prepared using Leapfrog software and structural analysis techniques of all existing data collected on the property.
Canada-Germany Inks Pact Targeting Minerals, Energy Alliances
Canada and Germany today signed a joint declaration to co-fund critical mineral projects and deepen energy ties, with two special envoys appointed to drive delivery. Ottawa named Isabella Chan, Senior Assistant Deputy Minister at Natural Resources Canada, as Canada’s Special Envoy, while Berlin named Matthias Koehler, Deputy Director General of Raw Materials Policy, as its […]
Swedish Fintech Klarna Reportedly Targets $14B In Revived US IPO
Klarna will restart its US IPO next month at a $13–$14 billion valuation, with shares talked at $34–$36 and a raise near $1 billion, according to two sources. The target marks a sharp reset from the near-$50 billion the Swedish fintech sought in 2021 and is lower than the “more than $15 billion” aim earlier […]
BMO Sees Q3 2025 Net Income Jump 25% As Credit Loss Provisions Drop 12%
Quarterly revenue increased 10% to $8.99 billion from last year’s $8.19 billion, driven by a 15% jump in net interest income to $5.50 billion. Non-interest revenue rose 3% to $3.49 billion. Non-interest expense increased 6% to $5.11 billion. Meanwhile, provision for credit losses improved to $797 million, down 12% year over year and 24% sequentially. […]
Scotiabank Grows Q3 2025 Profit 32% As Credit Provisions Ease
Scotiabank (TSX: BNS) posted Q3 2025 net income of $2.53 billion, up 32% year over year from last year’s $1.91 billion, as diluted EPS increased to $1.84 from $1.41. The bank had a bright topline with total revenue climbing 13% to $9.49 billion from $8.36 billion. Breaking it down, net interest income rose 13% to […]
Fed Governor Lisa Cook Says She Will “Not Resign” After Trump Moves To Fire Her
President Donald Trump moved to fire Federal Reserve Governor Lisa Cook on Monday, asserting “for cause” authority under US Code and saying the removal is effective immediately. The White House letter says Trump acts under Article II and the Federal Reserve Act. It attaches a criminal referral dated Aug. 15 from Federal Housing Finance Agency […]
Major Shipping Companies Suspend US Deliveries as Trump Tariff Policies Take Effect
Dozens of international postal services and major shipping companies, including DHL, are suspending package deliveries to the United States as new tariff policies eliminate a key trade exemption, disrupting global commerce and raising costs for American consumers and businesses. The suspensions began as the Trump administration’s elimination of the “de minimis” exemption takes effect Thursday, […]