Thune Says He Is Open to Exploring a Ban on Diesel Exports
Long resistant to the idea of diesel export bans, Washington is now willing to entertain it. Senate Majority Leader John Thune has said he is open to exploring a ban on diesel exports as pump prices climb to levels never seen before. “We’ll be looking at any proposal that is a viable solution, but I […]
Carney Opens Canada’s Biggest Airports to Long-Term Private Concessions
Prime Minister Mark Carney has moved Ottawa’s airport privatization review from valuation work to a defined operating model, saying the government will seek private investment through long-term concessions at Toronto Pearson, Montréal-Trudeau, Vancouver International, and Calgary International while retaining public ownership of the underlying land and assets. The announcement narrows a question Ottawa had left […]
Canada Creates CRA Fast Lane for Investors Putting Up at Least $1 Billion
Canada has created an explicit $1 billion threshold for investors seeking priority treatment on binding tax decisions, adding another administrative incentive as Ottawa tries to draw substantially more private capital into major Canadian projects. Finance Minister François-Philippe Champagne announced that the Canada Revenue Agency will give priority to Advance Income Tax Ruling requests connected to […]
Aramco Pulls September Crude Cargoes from European Buyers
Cargoes due to load in the final 10 days of September are being scrapped or pushed back as Saudi Aramco reins in term crude supplies to European refiners, with a key export pipeline still sitting offline. Notices to that effect have already reached at least three European refiners, whose cargoes have either been cancelled or […]
Sponsored · Altamira Gold Corp.
AI Chip Startup Targets $1.5 Billion Deals, Lands Dell, Supermicro Integrations
It seems AI chips are all the rage as Dutch semiconductor startup Axelera AI sees potential sales pipeline now reaching as much as $1.5 billion even as signed agreements remain a fraction of that figure. CEO Fabrizio Del Maffeo told Reuters on Tuesday that Axelera has contracts worth tens of millions of dollars and more than 600 […]
Productivity Mega Deduction Moves Mine Build Deductions Into Year One, Outdating After-Tax NPVs
Ottawa’s new Productivity Mega Deduction lets mining companies write off most mine construction and development costs in full in the first year, a change that leaves the after-tax economics in earlier Canadian project studies out of date. The Department of Finance released draft legislation for the measure on Tuesday, extending permanent immediate expensing to roughly […]
Canada Will Let Miners Immediately Write Off Development, Property Costs For Tax
Canada will allow mining companies to immediately deduct qualifying mine development spending and mineral property costs under a new $36 billion business tax package, accelerating deductions that have historically been spread across multiple years. Prime Minister Mark Carney announced the Productivity Mega Deduction expanding immediate expensing from roughly 15% of capital investment to about two-thirds. […]
CIBC Layoff Reports Spread From Contact Centres Into Core Tech
Reports of job cuts at Canadian Imperial Bank of Commerce are moving beyond customer-service operations, with an anonymous employee now alleging layoffs inside a core technology department days after cuts at the bank’s Halifax contact centre were reported by local media. A Reddit user identifying themselves as a CIBC technology employee said Monday that workers […]
Sponsored · Altamira Gold Corp.
Rocket Lab Sells Shares For $1.94B, Scraps $3.6B Bridge for Iridium Deal
Rocket Lab has completed a $1.944 billion at-the-market equity raise for its pending Iridium Communications acquisition, issuing about 29.3 million new shares and eliminating the $3.6 billion bridge loan commitment that originally backstopped the cash portion of the deal. The share sale puts part of the acquisition’s financing burden onto Rocket Lab shareholders before the […]
Blue Jay Gold Extends High-Grade Zone at Depth at Skukum Creek With 6.15 g/t Gold Over 14 Metre Hit
Blue Jay Gold (TSXV: JAY) has released the first assays from its 2026 drill program at the Skukum Creek deposit in southern Yukon, with the standout hole pushing known high-grade mineralization deeper than any previous drilling on the property. Highlights from the initial tranche include: Assay results were released for the first five holes, the […]