EU Bans Russian Gas by 2027, Yet Will Send Moscow €35-40 Billion Before Deadline
European Union negotiators struck a legally binding deal early Wednesday to halt all Russian gas imports within three years, but critics condemned the extended timeline that allows billions more in revenue to flow to Moscow during its war in Ukraine. EU governments and the European Parliament agreed on staggered cutoff dates: liquefied natural gas imports […]
NWT Premier Pushes to Lift Federal Arctic Oil and Gas Moratorium
Northwest Territories Premier R.J. Simpson is actively lobbying the federal government to lift Canada’s Arctic offshore oil and gas moratorium before its scheduled 2028 expiration, arguing the restrictions hinder economic development and weaken the country’s energy security. Simpson told the media in late November that removing the moratorium could spur significant investment in the territory. […]
TD Bank Posts Income Dip In Q4 2025 Despite Credit Loss Provision Decline
TD Bank Group (TSX: TD) reported its fiscal Q4 2025 results, posting reported net income of $3.28 billion, down from $3.64 billion last year. This translates to $1.82 diluted EPS, down from $1.97. The softer headline was not a revenue problem so much as a mix and noise problem. Reported total revenue was $15.49 billion […]
CIBC’s Revenue Jump In Q4 2025 Eclipsed By Credit Loss Provision Spike
CIBC (TSX: CM) delivered Q4 2025 revenue of $7.58 billion, up from the prior $6.62 billion. The mix improved, with net interest income of $4.13 billion up from $3.63 billion while non-interest income of $3.44 billion rose from $2.98 billion. That lift happened despite lower gross interest flows: interest income fell to $12.09 billion from […]
Guanajuato Silver To Place Cata Processing Plant On Care And Maintenance
Guanajuato Silver (TSXV: GSVR) this morning declared that it is shuttering some operations as a result of the oncoming acquisition of the Bolanitos complex from Endeavour Silver. The operation in question is the Cata processing plant, which the company says it is closing on a temporary basis as a result of an optimization effort being […]
Canfor Corp Set To Acquire Canfor Pulp For $0.50 A Share
Canfor Corporation (TSX: CFP) is taking advantage of the current pulp situation within BC’s forestry industry, announcing this morning that it has entered into an arrangement to acquire the remainder of Canfor Pulp Productions (TSX: CFX) that it does not already own. In making the announcement, Canfor says the rationale behind the combination is the […]
Michael Dell, Wife Pledge $6.25 Billion for Children’s Accounts
Dell Technologies founder Michael Dell and his wife, Susan, pledged $6.25 billion Tuesday to fund investment accounts for 25 million American children, expanding a federal program that provides accounts to newborns. The couple announced the pledge on GivingTuesday at a White House ceremony. The Dells said they believe it represents the largest single private commitment […]
Laurentian Bank Sold in Split Deal to Fairstone, National Bank
Fairstone Bank of Canada will acquire Laurentian Bank of Canada for $1.9 billion while National Bank of Canada takes over the retail and small business operations, the companies announced Tuesday, ending the 175-year-old institution’s existence as an independent bank. Fairstone will pay $40.50 per share in cash for Laurentian’s commercial operations, representing a 20% premium […]
Trump Announces Land Strikes on Drug Targets, Colombia Issues War Warning
President Donald Trump announced Tuesday the United States will begin striking drug trafficking targets on land in Latin America “very soon,” expanding military operations beyond the sea-based campaign that has killed more than 80 people since September. The announcement, made during a Cabinet meeting at the White House, marks a significant escalation in the administration’s […]
Emerita Resources Awards Contract For Pre-Feasibility Study On Iberian Belt West Project
Emerita Resources (TSXV: EMO) is headed to the prefeasibility study stage. The company this morning announced the awarding of a contract for the completion of the study, which is to be conducted on their flagship Iberian Belt West project.