Bell Axes Labrador Internet Expansion, Plans US Investment
Bell Canada (TSX: BCE) has scrapped a $32 million contract to expand high-speed internet on Labrador’s north coast and will instead invest in US telecommunications through American provider Ziply Fiber. The company said the Labrador North Wireless Broadband Project’s cost had climbed from an estimated $22 million to $110 million, while regional subscriptions dropped 69%. […]
Iran to Drop Four Zeros from Currency in 2025 Currency Overhaul
Iran will remove four zeros from its rial banknotes next year, officially adopting the toman as its currency unit, the country’s central bank chief announced Monday. The long-delayed currency overhaul comes as the rial struggles against historic devaluation, with exchange rates exceeding 1 million rials per US dollar in March. Recent market rates have shown […]
Despite Warmer Relations, US Envoy Says Canada Tariffs Likely to Persist
The United States has “moved beyond” President Donald Trump’s repeated suggestions that Canada become the 51st state, US Ambassador Peter Hoekstra said Sunday, though some tariffs on Canadian imports will likely remain in place. “We have moved beyond the 51st state, at least as far as I’m concerned,” Hoekstra told Global TV’s “The West Block” […]
House GOP Tax Bill: Raises Debt Limit By $4T, Spares the Wealthy
House Republicans released a sweeping 389-page tax bill that proposes $4 trillion in tax cuts while simultaneously raising the federal debt limit by the same amount. The package includes a broad array of benefits, such as an expanded Child Tax Credit, a larger standard deduction, and temporary breaks on overtime pay, car loan interest, and […]
No Relief for Shein and Temu Customers as White House Maintains Small Package Tariffs
Despite a new trade deal that temporarily reduces tariffs on many Chinese goods, the White House confirmed Monday that small packages from China will continue to face significant import duties. This decision particularly impacts consumers who purchase low-cost items from popular e-commerce retailers like Shein and Temu. Under the new agreement announced by the Trump […]
Orla Mining Swings to Net Loss In Q1 2025 Despite Record Sales Due To Musselwhite
Orla Mining (TSX: OLA) reported its full first quarter financials in Q1 2025, with total revenue doubling YoY to $140.7 million from Q1 2024’s $67.3 million, buoyed by a 44.7% increase in gold sales volume to 46,356 ounces and a 41.6% jump in average realized gold prices to $2,915 per ounce vs $2,059 per ounce […]
Panama Copper Mine Restart Could Be the Key to US Mineral Security
Resolving the dispute over Panama’s largest copper mine is increasingly seen as strategic to US national security interests, according to security experts, as the US seeks to reduce dependence on Chinese mineral processing. The Cobre Panamá mine, developed and operated by Canadian firm First Quantum Minerals (TSX: FM) until its shutdown in November 2023, represented […]
NDP Faces Major Funding Shortfall After Election Setback
The New Democratic Party of Canada faces a severe funding shortage after electoral results left hundreds of its candidates ineligible for campaign expense reimbursements, according to Elections Canada data. Federal regulations require candidates to secure at least 10% of votes to qualify for expense rebates. Only 46 of the party’s 342 candidates met this threshold […]
Gold Could Reach $6,000 by 2029 on Small Shift from US Assets – JPMorgan
JPMorgan analysts predict gold could surge to $6,000 per ounce by 2029, an 80% increase from current levels, if foreign investors move just 0.5% of their US asset holdings into the metal. According to a note released on Wednesday, such a minimal reallocation would direct approximately $273 billion toward gold over four years, equating to […]
Auto Sector Faces Uncertain Future as US-Canada Trade Tensions Escalate
Canada’s automotive sector stands at a critical juncture as recently implemented US tariffs threaten its sustainability, industry experts warn. President Donald Trump’s trade policies targeting Canadian auto imports have prompted diverging responses from industry leaders. The 25% tariffs on imported vehicles took effect April 3, with additional tariffs on auto parts implemented May 3, despite […]