New Found Gold Disappoints With Just 2.0 Million Ounces In Initial Resource Estimate
New Found Gold (TSXV: NFG) has released it’s much anticipated initial mineral resource estimate for its flagship Queensway project. The estimate follows the company conducting 723,387 metres of drilling across 3,214 holes on the property. Unfortunately for New Found Gold, the company has managed to assemble a resource estimate of just 2.0 million gold ounces, […]
Gold Road Rejects Gold Fields’ $2.1 Billion Takeover Offer
Australian gold producer Gold Road Resources (ASX: GOR) rejected a $2.1 billion all-cash takeover offer from South African miner Gold Fields (JSE, NYSE: GFI) on Monday, saying the bid materially undervalues the company and is “highly opportunistic.” Gold Fields offered A$3.05 per share, a 28% premium to Gold Road’s March 21 closing price. The offer […]
Canada Reverses Capital Gains Hike
Prime Minister Mark Carney confirmed the cancellation of a proposed increase to Canada’s capital gains inclusion rate—a measure that, less than a year ago, was touted as vital for funding social programs, spurring clean energy, and championing tax fairness. Last year, then–Minister François-Philippe Champagne, speaking in the House of Commons, defended the planned increase in […]
Canada and European Allies Caution Citizens About US Border Crackdown
Canada updated its travel advisory for the United States on Friday, warning citizens they must register with US authorities for stays longer than 30 days or risk penalties under a new rule taking effect next month. The registration requirement, part of President Donald Trump’s “Protecting the American People Against Invasion” executive order signed on January […]
Americans Can Now Pay for Pizza in Installments
Is the economy so bad that people will soon need to finance … fast food? DoorDash (NASDAQ: DASH) and Klarna appear to think so. The two companies on Thursday announced a partnership that would allow Buy Now, Pay Later for food delivery — a domain where immediate payment has traditionally been standard. The BNPL model […]
BMO Tightens Lending Criteria for Tariff-Impacted Borrowers
The Bank of Montreal (TSX: BMO) has announced significant restrictions to its lending policies for borrowers in tariff-impacted industries following recent Canada-US trade tensions. The banking giant has expanded its “Limited Appetite” category to include the steel and aluminum industry, joining sectors already under heightened scrutiny such as construction, transportation, retail, and manufacturing. BMO’s decision […]
Detention of Erdogan’s Challenger Ignited Mass Protests In Turkey
Tens of thousands of people have taken to the streets across Turkey, venting their anger over the high-profile arrest of Istanbul Mayor Ekrem Imamoglu. The local executive, a member of the Republican People’s Party (CHP), was formally charged with corruption-related offenses and remanded in custody. Authorities allege he established and managed a criminal organization, took […]
Turkey Moves to Stabilize Markets After Opposition Leader’s Arrest
Turkish financial authorities enacted emergency measures Sunday to shore up markets following last week’s arrest of Istanbul Mayor Ekrem Imamoglu, which sent stocks tumbling and sparked nationwide protests. The Capital Markets Board expanded restrictions on short-selling to cover all listed stocks, not just the top 50 companies as previously limited. Companies can now buy back […]
Canadian PM Carney Signals Shift on Oil and Gas Emissions Caps
Canadian Prime Minister Mark Carney signaled on Thursday he may work with industry rather than impose emissions caps on oil and gas producers, marking a potential shift from his predecessor’s climate policies during his first official visit to Alberta since becoming Liberal leader. Following talks with Alberta Premier Danielle Smith in Edmonton, Carney emphasized collaboration […]
Danielle Smith Under Fire for Appeal to US as Canadian Election Looms
Alberta Premier Danielle Smith has found herself facing intense scrutiny after audio emerged suggesting she asked officials in the US to delay trade actions that could benefit Conservative Party leader Pierre Poilievre’s electoral prospects in Canada. The recorded comments, posted by journalist Courtney Theriault, featured Smith expressing her hope that the US would “put things […]