Have Cake and Eat It Too? Alberta Separatists Claim They Would Keep Passports and Pension Benefits
The Alberta Prosperity Project unveiled its potential referendum question Monday: “Do you agree that the province of Alberta shall become a sovereign country and cease to be a province of Canada?” Jeffrey Rath, the group’s lawyer, called the question “as serious as a heart attack,” claiming it’s clearer than Quebec’s 1995 secession referendum wording. But […]
Honda Delays $15B Ontario EV Project, Cites Weak Demand
Honda Canada is postponing its $15 billion electric vehicle project in Ontario for approximately two years, pointing to weak EV demand and market uncertainty caused by US tariffs. The project, announced in April 2024, would have included a retooled assembly plant, an electric vehicle battery plant, and two battery parts facilities throughout Ontario. Honda Canada […]
Beijing Ramps Up Gold Imports In Pivot Away from US Dollar
China has quietly ramped up gold imports by authorizing major banks to use foreign exchange reserves—specifically US dollars—to fund bullion purchases. Two sources familiar with the matter confirmed the People’s Bank of China both expanded gold import quotas in April and greenlit forex transactions to support those purchases. While the central bank declined to comment, […]
17 States Sue Trump for Blocking $5 Billion in Electric Vehicle Charging Funds
17 states led by Washington, Colorado, and California have filed a lawsuit against the Trump administration over its decision to freeze approximately $5 billion in federal funding designated for electric vehicle charging infrastructure. The lawsuit, filed in the US District Court for the Western District of Washington in Seattle on May 7, 2025, challenges the […]
GOP Moves To Refill Biden-Drained Oil Reserves With $1.3B Bill
In an effort to undo more of Biden administration’s policies, House Republicans have introduced a $1.3 billion proposal to refill the Strategic Petroleum Reserve—a move that also clarifies the current administration’s pivot toward fossil fuel over green spending. The bill, led by Rep. Brett Guthrie, earmarks $1.32 billion for replenishing the reserve and an additional […]
Gold Demand Hits Nine-Year High in Q1 2025 as ETF Inflows Surge
Gold demand reached its highest first-quarter level in nine years in 2025, driven primarily by a sharp revival in ETF investments amid global economic uncertainties and geopolitical tensions, according to the World Gold Council’s latest Gold Demand Trends report. Total gold demand, including OTC investment, rose 1% year-over-year to 1,206 tonnes in Q1 2025, the […]
Robinhood To Acquire WonderFi in $250M All-Cash Deal
Robinhood Markets (NASDAQ: HOOD) has struck a deal to acquire Canadian crypto platform WonderFi Technologies (TSX: WNDR) for $0.36 per share in cash, valuing the deal at roughly $250 million. The acquisition price gives WonderFi shareholders a much-needed liquidity event after a prolonged share price slump. “This transaction is the culmination of… efforts and the […]
Trump Removes Second Top Library of Congress Official in Three Days
A recent report on artificial intelligence and copyright law appears to be at the center of the latest White House personnel moves, with Shira Perlmutter becoming the second Library of Congress official removed by the Trump administration within three days. According to a statement released Sunday, Perlmutter, who served as Register of Copyrights and Director […]
Ford Suspends Outlook Amid Rare Earth Uncertainty Within US-China Trade Volatility
Ford Motor (NYSE: F) has suspended its annual earnings guidance, citing escalating uncertainty around rare-earth mineral supplies after China’s recent export curbs and the ripple effects of US trade policy under President Donald Trump. COO Kumar Galhotra directly pointed to China’s restrictions on seven rare-earth elements—samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium—as a major concern. […]
Financial Woes Force Nissan to Scrap EV Battery Project in Japan
Nissan Motor Co. has scrapped plans for a $1 billion electric vehicle battery plant in Japan as the automaker scrambles to address mounting financial pressures. The facility, which received government approval last September, was expected to produce lithium-iron phosphate batteries for Nissan’s mini vehicles or kei cars starting in 2028. Company officials said the plant […]