Two More Canadian Cabinet Ministers Exit as Pre-Election Exodus Grows
Justice Minister Arif Virani and International Trade Minister Mary Ng announced on Monday they will not seek re-election, bringing to seven the number of cabinet members departing Prime Minister Justin Trudeau’s government ahead of the next federal vote. Virani, elected in 2015 to represent Toronto’s Parkdale-High Park district, cited family considerations in his decision. The […]
Ontario Premier Vows to Ban Chinese State Firms from Energy Projects
Ontario Premier Doug Ford pledged on Monday to block Chinese state-owned enterprises from investing in energy, critical minerals, and major infrastructure if his party wins re-election this month. Ford announced the policy at a nuclear components factory in Oakville, Ontario, accusing China of market flooding and supply chain manipulation. The ban would apply to government-funded […]
Altman Rejects Musk’s $97B OpenAI Acquisition Bid: “We’ll Buy Twitter For $9.74B”
OpenAI’s Sam Altman rejected a surprise acquisition bid this week from a consortium led by DOGE co-chief Elon Musk, who had offered nearly $100 billion to acquire full control of the firm. Musk helped co‐found OpenAI before departing in 2018. Altman responded with a brief post on X, cheekily countering that he would be willing […]
Trump Pauses Foreign Bribery Law, Affecting Adani Group Case
President Donald Trump has signed an executive order pausing the enforcement of the Foreign Corrupt Practices Act (FCPA), a landmark 1977 statute prohibiting American companies and certain foreign firms from bribing foreign government officials to secure business advantages. The DOJ has been instructed to halt FCPA prosecutions for 180 days while conducting a review of […]
Shopify Shares Drop Amid Q4 2024 Estimates Beat
Shopify (TSX: SHOP) reported its fourth-quarter performance that surpassed analyst estimates, with quarterly revenue jumping 31% year over year to $2.8 billion, up from $2.14 billion in the same quarter last year. For the entire 2024 fiscal year, revenue totaled $8.88 billion, marking a 26% increase from $7.06 billion in 2023. The jump was fueled […]
Aya Gold & Silver Reports 383,515 Silver Ounces Produced In January Following Expansion
Aya Gold & Silver (TSX: AYA) has finally released its fourth quarter production results, with the company reporting the production of 491,310 ounces of silver for the period. The production figure represents a 9.2% increase over the 450,046 ounces of silver produced in the fourth quarter of 2023. Tonnes processed during the quarter came in […]
Liberty Gold To Spin Out Antimony Asset Into New US-Focused Explorer
Liberty Gold (TSX: LGD) is set to spin out one of its assets into a new entity following another discovery. The company intends to spin out its Goldstrike Project in southwestern Utah into a new US-focused strategic metals company. The decision to spin out Goldstrike follows the company identifying a third zone of high grade […]
Frontera, CGX Lose Guyana Petroleum Prospecting License
CGX Energy (TSXV: OYL) and Frontera Energy (TSX: FEC) appear to have lost a major asset in Guyana. The companies, whom have a joint venture on a license within the country, have seen the government revoke the license that is currently in place. The license, which refers to a petroleum prospecting license for the Corentyne […]
Canada Keeps Supply Management Despite Push to Remove Trade Barriers
Canada will keep its controversial supply management system for dairy and poultry products while pursuing other interprovincial trade reforms, Transport and Internal Trade Minister Anita Anand said last week. “Substantial progress can be made in the short term in reducing barriers to interprovincial trade in goods and services,” Anand told reporters in Halifax, while confirming […]
More Trump Tariffs Coming: 25% On Steel And Aluminum
Tariffs are back after President Donald Trump announced that he will apply a 25% levy on steel and aluminum imports, building on the duties he first implemented and paused earlier this month. The move reiterates the 25% tariff on steel Trump first proposed in his previous term but increases the proposed duties on aluminum from […]