Fiscal Watchdog: Ontario Won’t Balance Budget Without Policy Changes
Ontario’s budget deficits will continue indefinitely without new policy measures, the province’s independent fiscal watchdog projected Tuesday, contradicting the government’s forecast of a balanced budget by 2027-28. The Financial Accountability Office projected an $11.1 billion deficit for 2025-26, worsening to $11.8 billion in 2026-27 before gradually declining to $6.3 billion by 2029-30. The analysis marks […]
Germany’s Merz Demands Sweeping EU Deregulation at Industry Summit
German Chancellor Friedrich Merz called for sweeping deregulation across the European Union on Wednesday, demanding a comprehensive review of existing legislation as European leaders and industry executives gathered to address the bloc’s competitiveness crisis. “We must deregulate every sector. I call for a ‘regulatory clean slate,’” Merz said at the European Industry Summit in Antwerp. […]
Bell Canada, SAP Partner on Sovereign Cloud Platform
Bell Canada (TSX: BCE) and SAP Canada announced a partnership on February 10 to build a Canadian-operated cloud infrastructure designed to keep government and corporate data within national borders. The companies signed a memorandum of understanding to combine Bell AI Fabric’s network infrastructure with SAP Sovereign Cloud On-Site technology. The platform will serve public sector […]
Albemarle Closes Australian Lithium Refinery Despite Price Rebound
Albemarle Corporation (NYSE: ALB) closed its Western Australia lithium refinery on Tuesday, threatening jobs for 375 workers despite recent lithium price gains that company executives say remain too weak to sustain Western processing operations. The shutdown underscores how Chinese-dominated supply chains continue to squeeze Western lithium processors even as market conditions improve from multi-year lows. […]
CME Group Plans First Rare Earth Futures Contract to Break China’s Pricing Power
CME Group is developing plans to launch the world’s first futures contract for rare earth elements, three sources familiar with the matter told Reuters. The move could reshape how the West finances and prices materials critical to electric vehicles, wind turbines and military hardware. The Chicago-based exchange is working on a contract combining neodymium and […]
Russia Proposes Major Economic Shift to Rejoin the Dollar System
In a surprising turn of events for global politics and finance, a recently surfaced internal Kremlin memo has revealed that Russia is considering a return to the U.S. dollar settlement system. This proposal is part of a broader pitch for an economic partnership with the Trump administration, signaling a potential shift in Russia’s long-standing effort […]
US Consumers Bear 95% of Tariff Costs, Federal Analysis Shows
American consumers and businesses absorb approximately 95% of tariff costs, with foreign exporters bearing only 5%, according to the Congressional Budget Office’s February 2026 economic outlook. The nonpartisan agency’s analysis of tariffs implemented through November 2025 projects that foreign exporters will reduce prices by an amount equivalent to 5% of the tariff rate increases, based […]
Ottawa Directs Certificate For Pembina Liquids Pipeline
The Canada Energy Regulator has authorized Pouce Coupé Pipe Line, a wholly owned subsidiary of Pembina Pipeline (TSX: PPL), to construct and operate the Taylor to Gordondale Pipeline Project, a new 89 km liquids pipeline running from northeastern British Columbia into northwestern Alberta. The approved scope is one 406.4 mm outside diameter line designed to […]
House Passes Measure To Rescind Trump Tariffs On Canada
The GOP-led House passed a Democratic-led resolution to rescind President Donald Trump’s tariffs on Canada, approving the measure 219–211 as six Republicans joined nearly all Democrats in a rare, recorded rebuke of the president’s trade policy. The Republicans voting in favor were Reps. Don Bacon, Brian Fitzpatrick, Dan Newhouse, Jeff Hurd, Thomas Massie, and Kevin […]
Orvana Minerals Q1 2026: Revenue, Margin Pops Failed To Save Net Loss
Orvana Minerals (TSX: ORV) posted Q1 FY2026 revenue of $32.0 million, up from $21.7 million in Q1 FY2025 and $23.5 million in Q4 FY2025, while net income flipped to a $7.2 million loss from $1.4 million profit a year earlier and narrowed versus a $12.0 million loss in the prior quarter. Mining costs were $15.5 […]