Canada’s Carbon Tax Cut Shows Full Impact at Pump One Month Later
Canadian gasoline prices have fallen by about 18 cents per litre one month after Prime Minister Mark Carney eliminated the federal carbon tax, with nearly the full value of the tax cut being passed on to consumers, data shows. Economist Trevor Tombe’s analysis demonstrates a clear price gap between Quebec, which maintained its provincial carbon […]
Danielle Smith Demands Energy Guarantees, Opens Door to Separation Vote
Alberta Premier Danielle Smith has called on newly elected Prime Minister Mark Carney to negotiate what she terms an “Alberta accord” that would guarantee energy corridors to coastal ports and end federal policies she claims restrict the province’s economic development. Smith announced her government will appoint a special negotiating team to address these issues with […]
Carney to Cut Canada Immigration from Record Peaks But Stay Above Historical Averages
Canada’s Liberal Party is preparing immigration reforms under Prime Minister Mark Carney that would reduce both temporary and permanent residency numbers from record highs while maintaining levels significantly above historical averages. The reforms, part of Carney’s priorities for his new government, would cut temporary residents to below 5% of Canada’s population by 2027, down from […]
Logistics Penny Stock Gambles On Trump Coin In $20M Crypto Bet
In today’s political crypto theater, a small logistics firm announced it will raise up to $20 million through convertible note offerings to buy $TRUMP token, making the memecoin “a cornerstone” of its digital asset strategy. Freight Technologies (NASDAQ: FRGT) more than doubled in value on May 2 following the announcement, which came after volatile swings […]
Silver One Outlines 108.8 Million Ounces Silver Equivalent M&I At Candelaria In Updated Resource Estimate
Silver One Resources (TSXV: SVE) has released a mineral resource estimate for its Candelaria project in Nevada. The estimate is covers both in-ground mineralization, as well as low grade stockpiles that exist on site adjacent to historic open pits. In terms of in-ground mineralization, mineralization is constrained within open pit models at both the Mount […]
Copper Giant Hits 0.38% Copper Equivalent Over 1,007 Metres At Mocoa In Step-Out Drilling
Copper Giant Resources (TSXV: CGNT), formerly known as Libero Copper, is looking at potential expansion to its current resource estimate following ongoing drilling at its flagship Mocoa porphyry copper project in Colombia. The potential for expansion of the resource follows copper mineralization being intersected within step out drilling into ground previously modeled as being waste. […]
Skechers Accepts $9.4 Billion Buyout as Trade Tariffs Bite
Footwear brand Skechers (NYSE: SKX) agreed to be acquired by investment firm 3G Capital in a $9.4 billion deal that takes the company private after 26 years on public markets, the company announced on Monday. The all-cash transaction values Skechers at $63 per share, representing a 30% premium to its last closing price. Shares jumped […]
OPEC+ Accelerates Oil Production Despite Weak Demand, Prices Fall
OPEC+ announced it will boost oil production by an additional 411,000 barrels per day in June, accelerating output increases despite slowing global demand and sending crude prices tumbling. Oil prices fell more than $1 per barrel following the decision, with Brent crude futures dropping to $59.95 and US crude falling to $59.95 per barrel before […]
Canadian Greg Abel Set to Succeed Berkshire Hathaway CEO Warren Buffett By Year-End
Canadian-born Greg Abel is poised to take over as CEO of Berkshire Hathaway (NYSE: BRK.B) by the end of 2025, succeeding the legendary Warren Buffett, who announced his retirement this weekend. “I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said. Abel, a […]
Trump Slaps 100% Tariff On Non-US Made Films To Save “Dying” Hollywood
President Donald Trump has ordered a 100% tariff on all movies produced outside the country, in a sweeping protectionist move to revitalize the “dying” Hollywood. The announcement framed foreign film production as both an economic threat and a matter of national security. “The Movie Industry in America is DYING a very fast death,” Trump posted. […]