Will The Trudeau’s Train Project, Alto, Leave The Station Before He Does?
Prime Minister Justin Trudeau is forging ahead with what he calls “the largest infrastructure project” in Canadian history, revealing plans for a high-speed rail network that will connect Toronto and Quebec City at speeds of up to 300 kilometres per hour. Branded as Alto, this new development will traverse approximately 1,000 kilometres and drastically cut […]
Hudbay Minerals Shares Crash On Q4 2024 Results
Hudbay Minerals (TSX: HBM) released its fourth-quarter and full-year 2024 financial results, with annual revenue of $2.02 billion, up from $1.69 billion in 2023, primarily driven by strong copper and gold prices, coupled with record gold output. Quarterly revenue totaled $584.9 million, slightly below the $602.2 million reported in the same period of 2023 but significantly higher than the $485.8 million recorded […]
Carney’s Pipeline Promises Seem To Be Lost In Translation
Canadian Liberal leadership frontrunner Mark Carney faces accusations of doublespeak after making contradictory statements about pipeline development in English and French. Carney told English-speaking audiences he would accelerate pipeline approvals across Canada, while telling French speakers he would not proceed without Quebec’s consent, according to videos circulating on social media. “We as a nation need […]
Tariffs Galore: Trump Threats 25% Levy On Auto, Pharma, Semiconductor
In our next episode on tariffs, President Donald Trump has declared his intention to impose a 25% tariff—or potentially higher—on imported vehicles, pharmaceuticals, and semiconductors. As usual, the plan is long on rhetoric, and short on specifics. If enacted at scale, this initiative would strike more than $500 billion worth of goods, encompassing supply chains […]
Sandstorm Gold Sees 63% Drop In 2024 Annual Net Income
Sandstorm Gold Royalties (TSX: SSL) has published its 2024 annual financial results, with total revenue in 2024 reaching $176.3 million, with $47.4 million recognized in the fourth quarter. While this slightly trails the $179.6 million reported for 2023, the quarterly figure surpasses the $44.5 million earned in the final quarter of that year. Cost of […]
Nikola Files For Chapter 11 Bankruptcy
Troubled EV maker Nikola (NASDAQ: NKLA) has filed for Chapter 11 bankruptcy protection. The Phoenix-based company’s decision follows unsuccessful attempts to secure a buyer or the funding necessary to sustain operations. In its heyday, Nikola reached a market valuation that briefly surpassed Ford, struck a multibillion-dollar partnership with General Motors, and served as the poster […]
Loblaw To Spend $2.2 Billion On Capital Expenditures In 2025 As It Attempts To Join “Team Canada” Push
Loblaw Companies (TSX: L) is attempting to step onto the “Team Canada” train this morning, announcing that it will be investing $2.2 billion this year in a move that is claimed to reinforce Loblaw’s role as “a major contributor to the growth of the Canadian economy.” The investment is part of a planned $10 billion […]
Pampa Metals Enters Letter Agreement To Acquire Rugby Resources To Create Porphyry-Focused Explorer
A South America-focused porphyry copper explorer is in the process of being established, with Pampa Metals (CSE: PM) this morning announcing it has entered into a letter agreement to acquire Rugby Resources (TSXV: RUG). The merger will bring together Pampa’s Piuquenes copper-gold porphyry project in Argentina with that of Rugby’s Cobrasco copper-moly porphyry discovery in […]
Strategy To Sell $2.0 Billion In 0% Notes To Buy More Bitcoin
Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has launched an offering for $2.0 billion in senior notes this morning that will be used to acquire further bitcoin. The offering follows a week of the company failing to acquire any further cryptocurrency for the second time in 14 weeks. The offering is to consist of $2.0 […]
Snowline Gold Intersects 2.08 g/t Gold Over 15.5 Metres In 300 Metre Step Out
Snowline Gold (TSXV: SGD) has successfully intersected mineralization in a 300 metre step out to the east of its Valley deposit, which is found at the firms Rogue project. The step out was conducted as part of the 2024 drill program, further results for which were released this morning. Highlights from the results include: Of […]