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 […]
One Seat Away: What Will It Take for Carney to Secure His Majority?
Two Conservative MPs have crossed the floor to join Prime Minister Mark Carney’s Liberal government in recent weeks, bringing the party within one seat of a majority and intensifying scrutiny of Opposition Leader Pierre Poilievre ahead of a January leadership review. Michael Ma, who represents Markham-Unionville in Ontario, announced on December 11 that he would […]
Kazakhstan’s New Law Tightens Kazatomprom Uranium JV Terms For Foreign Partners
Kazatomprom on Monday stated that Kazakhstan’s president has signed a law that gives the national uranium company more control over new discoveries and tighter conditions for extending or expanding uranium joint ventures with foreign partners. In essence, Kazakhstan is saying “new uranium finds and future growth decisions should be mostly ours,” using two big thresholds, […]
Silver47 Reports Discovery Of FOMO Zone At Red Mountain After Sampling 1,793 g/t Silver Equivalent
Silver47 Exploration (TSXV: AGA) this morning is reporting the discovery of a new high-grade massive sulfide zone at their Red Mountain Project in Alaska. The discovery follows a property-wide prospecting and rock sampling program that was conducted at the property, covering a widely dispersed 60 kilometre trend of silver-rich polymetallic occurrences.
CRISPR-Engineered Fat Cells Suppress Tumors in Preclinical Cancer Models
Researchers at the University of California, San Francisco have engineered fat cells that starve cancer tumors by consuming nutrients, according to a study published February 4 in Nature Biotechnology. The team used CRISPR to convert white fat cells into beige fat cells that burn calories. When implanted near tumors in mice, they suppressed the growth […]
Why Is A Big Insurer Pushing Up To 20% Precious Metals Allocations?
New York Life Investments is urging investors to start adding hard-asset hedges, recommending gold and commodities allocations and suggesting a 5%–20% “satellite” position in gold, precious metals, and industrial metals, funded from stocks. On stocks, the firm stays risk-on: it wants portfolios fully invested at market weight in US large-cap equities, with a preference for […]
Silver Rumors Go Wild As Margins Rise And Price Drops
A sharp silver price pullback is colliding with a surge in unverified claims about a futures-market liquidation and an imminent US export ban, turning a volatility event into a narrative event. The silver is swinging hard around a mid-$70s handle after an $81 spike, but it also spurred multiple rumors directly correlated with this unprecedented […]
Zuckerberg Settles $8 Billion Shareholder Lawsuit, Avoids Testimony on Cambridge Analytica
Meta Platforms (Nasdaq: META) CEO Mark Zuckerberg and current and former company executives settled an $8 billion shareholder lawsuit Thursday, avoiding testimony about their roles in privacy violations linked to the Cambridge Analytica scandal. Delaware Court of Chancery Judge Kathaleen McCormick announced the settlement on what would have been the trial’s second day. Attorneys disclosed […]
US Gives Nuclear Fuel Firms An Antitrust Safe Lane
The US government is setting up a legal framework that lets domestic nuclear fuel companies work together, with DOJ sign-off, to strengthen the US nuclear fuel supply chain for national defense and reactor reliability. A Federal Register notice from the Justice Department’s Antitrust Division says the Department of Energy’s proposed “voluntary agreement” can take effect […]
Where Did $200 Billion Go? Carney Says Climate Targets Now Impossible
Prime Minister Mark Carney acknowledged Canada will fail to meet its 2030 and 2035 emissions targets despite more than $200 billion in climate spending since 2015. Carney told CBC News the previous climate plan relied too heavily on regulation. “We have too much regulation, not enough action,” he said in a year-end interview. The government […]