NATO Declares Canada Hit Its 2% GDP Defence Spending Target

Canada has officially hit NATO’s 2% of GDP defence spending benchmark for fiscal 2025-26, ending roughly 35 years of underperformance and marking the first time since the end of the Cold War that Ottawa has met the alliance’s core spending threshold. NATO’s Thursday spending report said Canada is now spending just over $63.0 billion on […]

Charter Talks Begin in Montréal as Canada Moves to Front of Defense Bank Race

The competition to host the Defence, Security and Resilience Bank entered a new phase this week as Canada welcomed representatives from 18 nations to Montréal for the first formal round of charter negotiations — a development that positions the country closer to landing the institution it has been lobbying hardest to attract. As previously reported, […]

Air Canada CEO Apologizes: “I Am Still Unable To Express Myself Adequately In French”

Air Canada (TSX: AC) CEO Michael Rousseau moved to contain the fallout from his earlier post-crash remarks, saying he is “still unable to express myself adequately in French” and offering a direct apology after days of criticism that his English-only response to the fatal LaGuardia accident lacked compassion. The statement opens by reiterating condolences to […]

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USPS Files for First-Ever Fuel Surcharge on Packages, Citing Iran War Energy Costs

The US Postal Service filed for a temporary 8% surcharge on package deliveries this week, marking the first time in the agency’s history it has sought a fuel-specific fee — a direct consequence of surging oil prices tied to the ongoing conflict in Iran. USPS submitted the filing to the Postal Regulatory Commission on Wednesday. […]

Orezone Closes Casa Berardi Acquisition in Quebec For $352M

Orezone Gold (TSX: ORE) has completed its acquisition of Hecla Quebec, securing 100% ownership of the Casa Berardi gold mine and a broader Quebec exploration portfolio in a $352.0 million upfront and deferred transaction with up to $241.0 million of additional contingent consideration. The closing gives Orezone an operating gold mine in Quebec and expands […]

US-EU Trade Deal Is Approved But Not Settled

EU lawmakers on Thursday approved legislation to advance the bloc’s side of its long-delayed trade deal with the US despite underscoring that tariff risk from Washington remains unresolved. The European Parliament backed the legislation by 417 votes to 154, with 71 abstentions, after months of delay tied to President Donald Trump’s tariff threats and shifting […]

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Rio Tinto Shuts Primary Canadian Diamond Mine as Reserves Exhaust

Rio Tinto Group has officially ended production at its Diavik diamond mine, marking the conclusion of 23 years of operations in Canada’s Northwest Territories. The milestone follows the exhaustion of the site’s economic reserves. Since opening in 2003, Diavik has produced more than 150 million carats of rough diamonds. Located 220 kilometers south of the […]

Contango and Dolly Varden Close Merger to Create North American Mid-Tier Contender

Contango Silver & Gold (NYSE: CTGO) has finalized its merger with Dolly Varden Silver (TSXV: DV), creating a new mid-tier precious metals contender with a footprint spanning Alaska and British Columbia’s Golden Triangle. The deal sees Dolly Varden acquired by a subsidiary of Contango. Under the terms of the agreement, Dolly Varden shareholders received 0.1652 […]