Blanchet Says ‘No Future’ for Oil and Gas Despite Province Receiving Billions in Equalization
Bloc Québécois leader Yves-François Blanchet said there is “no future for oil and gas” in Quebec and “probably everywhere,” two days after his party lost seats in Monday’s Canadian federal election. Quebec received $13.6 billion in equalization payments from the federal government in the 2024-25 fiscal year, with Alberta’s energy sector being a major contributor. […]
Ivanhoe Mines Posts Record EBITDA, Negative Cash Flow In Q1 2025
Ivanhoe Mines (TSX: IVN) reported first-quarter 2025 earnings that reflect strong top-line growth driven by record copper production at Kamoa-Kakula, yet culminated in a free cash flow shortfall from its flagship joint venture. Kamoa-Kakula generated $973 million in revenue in Q1 2025, marking a 57% increase from $618 million in Q1 2024 and a 14% […]
NDP to Seek Official Party Status Despite Falling Below Threshold
The New Democratic Party will propose retaining official party status in Parliament despite having only seven elected members, well below the 12-seat threshold, one of its surviving MPs said on Wednesday. Don Davies, re-elected in Vancouver Kingsway with 37.2% of the vote, called the 12-seat requirement “arbitrary” and suggested his party would negotiate with the […]
DEA Nominee Views Cannabis Reclassification as Priority, Stops Short of Guarantee
Terrance Cole, tapped by President Trump to lead the Drug Enforcement Administration, testified his administration would make reviewing cannabis’s federal status a top concern while avoiding firm commitments about the outcome. “It’ll be one of my first priorities when I arrived at DEA to see where we are in the administrative process,” Cole told the […]
US, Ukraine Finalize Minerals Agreement After Extended Negotiations
Officials from the United States and Ukraine formalized a bilateral agreement Wednesday establishing a joint fund linked to Ukraine’s mineral and rare earth assets, acknowledging American financial support that has reached $175 billion since the Russian invasion began. The accord, signed by Treasury Secretary Scott Bessent and First Deputy Prime Minister Yulia Svyrydenko, concludes negotiations […]
TC Energy Q1 2025: Cash Flow Craters 33%, Income Relatively Flat
TC Energy (TSX: TRP) posted its first quarter results for 2025, with comparable earnings from continuing operations falling to $983 million or $0.95 per share, down from $1.06 billion or $1.02 per share in Q1 2024—missing consensus estimates of $0.97. Net income was essentially flat year-over-year at $978 million, compared to $988 million. Comparable EBITDA […]
Recession is Here: Canadian Economy to Shrink for Two Straight Quarters—Deloitte
Canada is set to enter a technical recession in the second quarter of 2025, according to a new Deloitte Canada outlook. The position projects consecutive quarters of negative GDP growth driven by plummeting business investment, rising unemployment, and trade-related uncertainty. Deloitte forecasts real GDP will contract by 1.1% in Q2 and by another 0.9% in […]
Alamos Gold Q1 2025: Net Income Falls Despite Record Gold Prices
Alamos Gold (TSX: AGI) reported Q1 2025 financial results, headlined by revenues climbing 20% year-over-year to $333.0 million—buoyed by a 35% surge in realized gold prices, driven by the highest quarterly realized gold price in company history at $2,802 per ounce, a 35% increase from $2,069 per ounce in Q1 2024. However, gold sales volume declined […]
Endeavour Mining’s Record Cash Flow In Q1 2025 Reduced By Hedging Loss
Endeavour Mining (TSX: EDV) has delivered the financial results of its first quarter of 2025, with revenues soaring 120% year-over-year to $1.04 billion, driven by a 57% jump in gold sales volume to 353,000 ounces and a realized gold price of $2,783 per ounce—up sharply from $2,041 per ounce in Q1 2024 and $2,590 per ounce […]
Musk On Reports Of Replacing Him As Tesla CEO: “Deliberately False Article”
Tesla (NASDAQ: TSLA) issued a categorical denial of reports that its board had begun looking for a successor to CEO Elon Musk. The rebuttal follows a Wall Street Journal report citing multiple sources who claimed the board began reaching out to executive search firms last month amid frustration over Musk’s inattention to Tesla and a plunging stock […]