Canadians Prefer Debt Than Tax To Fund Military Spending Increase, Poll Finds
Canadians would rather add to Ottawa’s balance sheet than their own tax bill to pay for the country’s largest military buildup since the World War II. A new Nanos Research poll shows 49% of respondents either support or somewhat support financing the defence surge through higher federal borrowing, while 46% oppose that approach. Backing for […]
Fed Can Ignore Trump Even with A New Chair
A Federal Reserve regional president suggested Tuesday that the central bank’s rate-setting committee could effectively ignore a politically appointed Fed chair, delivering a subtle rebuke to President Donald Trump’s escalating pressure campaign against current Fed leadership. Richmond Fed President Tom Barkin told an audience in Baltimore that while he hopes the next Fed chair will […]
Antimony Resources Completes 16 Hole Drill Program At Bald Hill Antimony Project, Assays Pending
Antimony Resources (CSE: ATMY) this morning reported that they have completed a first phase drill program at their flagship Bald Hill Antimony Project, which is found in New Brunswick.
Silvercorp Reports Q1 Production Of 2.0 Million Silver Equivalent Ounces
Silvercorp Metals (TSX: SVM) has released preliminary results for the fiscal first quarter, announcing last night after the bell that they anticipate revenue of $81.3 million for the second quarter. The figure represents an improvement of 13% on a year over year basis, and is up from $75.1 million on a quarter over quarter basis. […]
Augusta Gold To Be Acquired By AngloGold Ashanti For $1.70 A Share
M&A activity continues to heat up within the mining sector, with Augusta Gold (TSX: G) this morning indicating they have entered into a definitive agreement to be acquired by AngloGold Ashanti plc. The transaction will see Augusta acquired for an enterprise value of approximately $197 million, which includes a fully-diluted equity value of $152 million, […]
Newmont Sells Off Equity Held In Discovery Silver, Greatland Resources
Newmont (TSX: NGT) evidently wanted to take advantage of the recent lift in equity valuations, with the company last night indicating it has already begun the process of monetizing equity that they received through their asset disposition program. Newmont has entered into agreements to sell off their interests in both Greatland Resources and Discovery Silver […]
Half of Canadians Want Government to Stand Firm on Dairy Protections Despite Trump Threats
Half of Canadians say their government should refuse to budge on the country’s dairy protection system even if it triggers US retaliation, according to a new poll released as President Donald Trump threatens 35% tariffs on all Canadian goods by August 1. The Angus Reid Institute survey found 50% of Canadians want Prime Minister Mark […]
Ottawa, NWT Deploy AI Drill Mapping To Accelerate Critical Minerals Mining Rush
Ottawa and the Northwest Territories have begun scanning and digitising decades-old drill cores in a pilot program that officials say will “unlock the North’s mineral potential” and put the country back on investors’ radar. The project will rescan thousands of core boxes from the NWT Geological Survey, run the images through artificial intelligence algorithms, and […]
New OSC Takes Aim To Shut Out Short Sellers From Financings
The Ontario Securities Commission has opened a frontal assault on short selling that shadows equity raises. Draft amendments released would bar any investor who shorted a stock within five trading days of a deal’s pricing from buying that same security in the offering. The rule mirrors the US regulation and is designed to stop what […]
Globe and Mail Under Fire for Pro-China Editorial
Critics slammed The Globe and Mail after the newspaper published an opinion piece calling for Canada to “free ourselves of the US and forge closer ties with China.” The commentary, published this week by Julian Karaguesian and Robin Shaban, argues that Canada should pivot toward stronger economic relations with China to reduce dependence on the […]