Moe Declares Pipeline Permits ‘Pre-Approved’ as Trump Renews Keystone Push
Saskatchewan Premier Scott Moe announced Wednesday that all pipeline permits for routes heading east, west, or south will be “considered pre-approved,” as Canadian officials seek to protect cross-border trade amid tariff threats. Moe made the announcement on X while visiting Washington with business leaders to fend off potential US tariffs threatened by President Donald Trump. […]
Nvidia Rides On AI Boom With 80% Jump In Net Income In Q4 2024
Nvidia (NASDAQ: NVDA) reported its Q4 and full-year 2024 financials, with quarterly revenue of $39.3 billion—a 78% leap from $22.1 billion a year ago and a 12% boost over $35.1 billion in the previous quarter. On a full-year basis, Nvidia posted $130.5 billion in total revenue, surging 114% from fiscal 2024. Gross margin for Q4 […]
Canada’s GDP Losses From Tariffs Could Reach 5%: Analyst
Canada faces mounting economic pressures as its currency hits multi-year lows and growth forecasts dwindle, complicating the nation’s response to threatened tariffs from its largest trading partner, the United States. The Bank of Canada recently cut its GDP growth projections to just 1.8% for both 2025 and 2026, down from earlier forecasts of 2.1% and […]
The Future of Open-Pit Mining in Mexico
Mexico’s mining industry finds itself at a pivotal juncture as President Claudia Sheinbaum’s administration reviews a proposed ban on open-pit mining. Originally approved by the lower chamber of Congress in August, the ban has stirred intense debate over environmental responsibilities, corporate interests, and the country’s economic trajectory.
Zelensky Heads to Washington Friday to Seal Minerals Deal with Trump
The European Commission has denied any new proposals as earlier Politico reported
Taiwan Detains Chinese Crew Near Cut Undersea Cable, Beijing Denies Sabotage
Taiwan’s coast guard has detained a vessel with Chinese crew members that it claims was caught “in the act” of severing a strategic undersea communications cable, an accusation Beijing dismissed on Wednesday as “political manipulation.” The Togolese-flagged cargo ship Hongtai was intercepted on Tuesday near a damaged cable connecting Taiwan’s main island to the outlying […]
DOGE Staffers Resign En Masse
21 employees quit Elon Musk’s Department of Government Efficiency on Tuesday, citing a refusal to participate in what they called the dismantling of “critical public services” and raising alarms about political ideologues lacking necessary expertise. “We swore to serve the American people and uphold our oath to the Constitution across presidential administrations,” the staffers wrote […]
National Bank Posts 8% Net Income Jump In Q1 2025 Post-Canadian Western Acquisition
National Bank of Canada (TSX: NA) posted its results for fiscal 2025, reporting quarterly revenue of $3.18 billion, a 17.5% jump from $2.71 billion in the same quarter last year. Net income rose to $997 million, an 8% increase over the prior-year period. Meanwhile, adjusted net income stood at $1.05 billion, up 14% from the […]
Tesla European Sales Crash as Musk’s Political Activities Alienate Buyers
Tesla‘s (Nasdaq: TSLA) European sales plummeted 45% in January compared to the previous year, data showed, as CEO Elon Musk’s increasingly partisan political activities appear to be damaging the electric vehicle maker’s appeal in key markets. The American automaker delivered just 9,945 vehicles across Europe last month, down from 18,161 a year earlier, according to […]
Stellantis Sees 70% Profit Plunge in 2024 As It Searches For A New CEO
Stellantis (NYSE: STLA) ended 2024 with net profit down 70% year-over-year, dropping to €5.5 billion from €18.6 billion in 2023, largely driven by diminished global shipments, temporary gaps in product offerings, and the strategic drive to reduce dealer inventories. The carmaker reported net revenues of €156.9 billion, reflecting a 17% decline from €189.5 billion in […]