European Banks Worry About US Dollar Support Under Trump
European central bankers are quietly asking a question they never thought they’d need to consider: Can they still count on the US Federal Reserve for emergency dollar funding if markets crash? According to Reuters, several European banking officials have been holding behind-the-scenes talks about this possibility, reflecting new uncertainties in the traditionally rock-solid financial relationship […]
Alberta Premier Denies Asking US to Postpone Tariffs Until After Canadian Election
It’s “offensive and false,” Alberta Premier Danielle Smith said, firmly denying that she asked US officials to interfere in Canada’s federal election by delaying tariffs, as suggested by her March 8 interview with Breitbart, a right-wing American news outlet. “Any suggestion that I requested the United States to intervene in our electoral process is categorically […]
Canada Ends Federal Oversight In Favor Of Faster Project Approvals
Canada has officially scrapped its federal review process for major infrastructure and mining projects. Prime Minister Mark Carney announced that projects will now proceed with only provincial or territorial approval, eliminating what he called “duplicative requirements.” Carney explained that this new model will rely on “mutual recognition,” meaning one project will undergo just one assessment […]
23AndMe: Bankruptcy Filing Leaves Genetic Data on the Auction Block
23andMe (NASDAQ: ME), which famously provided customers with personalized ancestry and genetic risk reports, has filed for bankruptcy in the US. The company found itself grappling with a sharp decline in demand, a debilitating 2023 data breach, and mounting financial losses that stripped its market valuation from a high of $6 billion to just $48 […]
Trump Strikes with 25% Secondary Tariff on Venezuela, Shaking Global Oil Trade
President Donald Trump has announced the imposition of a secondary tariff on Venezuela, aiming to penalize any country that purchases oil or gas from the South American nation. This measure, set at 25%, goes into effect on April 2, a date the White House refers to as “Liberation Day in America.” Explaining the rationale behind […]
Hyundai to Invest $21 Billion in US Operations Through 2028
South Korean automaker Hyundai Motor Group announced on Monday a $21 billion investment plan for its US operations over the next three years, as the company aims to boost production capacity and strengthen its foothold in electric vehicles and advanced technologies. The investment includes $9 billion to expand US automobile production to 1.2 million vehicles […]
Tax Cuts Take Center Stage in Canadian Election Campaign
Canada’s federal party leaders are competing to offer voters the most attractive tax cuts ahead of the April 28 election, while providing few details on how they would offset the resulting revenue losses. Liberal Leader Mark Carney promises a one percentage point reduction to the lowest income tax bracket, estimated to cost $5.9 billion annually. […]
Brazil Potash Enters Site Preparation Contract For Autazes Project
Brazil Potash (NYSE: GRO) has continued to push forward with the development of its flagship Autazes potash project in Brazil. The company this morning indicated it has signed a vegetation management contract with an Autazes-based company.
Montage Gold Enters Partnership With African Gold, To Operate Didievi Project In Cote d’Ivoire
Montage Gold (TSXV: MAU) is expanding its presence in the Ivory Coast, announcing this morning that it has obtained a 19.9% interest in Australia listed-explorer African Gold Limited under a new strategic partnership. The investment will see Montage spend $6.3 million to acquire the interest in the Cote d’Ivoire focused explorer, in exchange for 2.19 […]
Amex Exploration Acquires Perron West Property For Cash And Shares
Amex Exploration (TSXV: AMEX) has dramatically expanded its land holdings within the Abitibi region of Quebec. The company has acquired a new land package adjacent to its flagship Perron project, expanding its holdings from 4,560 hectares to 19,752 hectares. The new claims, to be referred to as Perron West, consist of 48 contiguous claims to […]