CME Hikes Metals Margins Into Year End Volatility For Second Time
CME Group just made metal exposure more expensive after releasing an advisory that raises margin requirements across gold, silver, platinum, and palladium, effective after the close of business December 31, 2025. The notice frames the move as a normal volatility review “to ensure adequate collateral coverage,” approved by Clearing House Risk Management for the listed […]
Canada Flips To $62B Capital Outflow In 2025 From $50B Inflow
Foreign investors pulled back as Canadians ramped up overseas buying, flipping Canada’s 2025 capital flow balance to a net outflow of nearly $62 billion in the year to September from a $50 billion inflow over the same period last year. Foreign acquisitions of Canadian securities fell 60% to $58 billion in the first nine months […]
Fleeing Bella 1 Crew Paints Russian Flag as Coast Guard Chase Enters Second Week
The crew of the Bella 1 oil tanker has painted a Russian flag on the vessel’s hull and declared Russian status as the ship continues to evade US Coast Guard forces more than a week after the pursuit began in Caribbean waters, according to American officials who spoke to The New York Times. The 300,000-ton […]
Canada’s Exports to UK Surge $9.7B, Driven Almost Entirely by Gold
Canada’s merchandise exports to the United Kingdom jumped $9.7 billion from January through September 2025 compared with the same period last year, marking the largest year-over-year increase among all Canadian export markets. However, unwrought gold accounted for nearly 96% of the increase, raising questions about the sustainability of this trade expansion. Global Affairs Canada’s State […]
Ascot Resources Names Robert McLeod As CEO, Closes On First Round Of Financing
Changes are afoot at Ascot Resources (TSXV: AOT.H), who yesterday afternoon announced a series of leadership changes following a major investment by Frank Giustra’s Fiore Group. The changes coincided with the closing of the first tranche of a private placement and certain restructurings to creditor agreements. Jim Currie has stepped down as President, CEO and […]
US Strikes ISIS Targets in Northwest Nigeria, Multiple Missiles Malfunction
The United States launched cruise missile strikes against alleged Islamic State camps in northwest Nigeria on Christmas Day, but military analysts confirmed that multiple Tomahawk missiles malfunctioned during flight, with unexploded warheads and debris landing in populated villages. US Africa Command conducted the operation between 12:12 a.m. and 1:30 a.m. local time on December 26, […]
Trump Says US Began Land Strikes In Venezuela… Or Did He?
Claims that the US has begun land strikes on Venezuela surged overnight, but the only detailed account in the notes is reporting of a CIA drone strike earlier this month on a coastal port facility that sources say Trump has been referencing. “Major explosion in the dock area, where they load the boats up with […]
Canada Deportations Hit Decade High
Canada has deported more foreign nationals this year than at any point in the past decade, removing over 18,000 people in the 2024-25 fiscal year as the government responds to mounting public frustration over housing shortages and immigration levels. The Canada Border Services Agency now removes approximately 400 people from the country each week, according […]
Iran Central Bank Chief Resigns As Protests Flare Over Rial Plunge
Iran’s central bank governor Mohammad Reza Farzin has resigned, with President Masoud Pezeshkian accepting the move against a backdrop of inflation-induced protests. The immediate backdrop is the rial’s latest free-market breakdown. Reuters cited an open-market print around 1,390,000 rial per $1, alongside soaring inflation and a widening economic crisis framing. Iranian state media reported that […]
China Investment in Canada Hits $60 Billion
Foreign direct investment from China and Hong Kong in Canada totaled more than $60 billion by the end of 2023, making the two economies the third-largest source of overseas capital in the country, according to Statistics Canada data. The Globe and Mail reports that Alberta received roughly half of this investment, as the province maintained […]