Steel Suppliers Stop US Sales as Trump Threatens 25% Tariff
Canadian and Mexican steel companies have stopped taking new US orders as President Donald Trump prepares to reimpose tariffs by February 1. Stelco has suspended sales quotes to US consumers, a source familiar with the matter told Bloomberg. Mexican suppliers have also stopped processing orders this week, according to Flack Global Metals, a major buyer. […]
OPM Memo To Federal Employees Mirrors Musk’s Twitter Purge Email
A memo from the Office of Personnel Management—federal US’ HR—is said to bear striking resemblance to an email Elon Musk sent to Twitter employees in 2022 following his acquisition of the company. The memo, issued just days after President Donald Trump assumed office, signals a shift in who’s in charge. Employees are given a choice: […]
Perplexity AI Adds DeepSeek Search Model to Platform
US-based Perplexity AI has added DeepSeek’s R1 advanced reasoning model to its AI-powered search platform, becoming the first in the US to integrate the open-source Chinese-developed model to enhance its own platform’s capabilities. With the integration, users can now explore vast amounts of data with greater depth and accuracy, as R1 enhances the platform’s ability […]
Bank of Canada Cuts Rates 25 Basis Points To 3%
The Bank of Canada has reduced its benchmark interest rate by 25 basis points to 3%, marking its sixth consecutive rate cut since mid-2024. The Bank Rate now stands at 3.25%, while the deposit rate is 2.95%. This move aims to stimulate economic activity amid persistent uncertainties, including the looming threat of U.S. trade tariffs. […]
Protesters Attack Western Embassies in Congo Capital
Demonstrators attacked multiple foreign embassies in Kinshasa on Tuesday as anger mounted over the perceived failure of Congo’s international allies to stop a rebel advance on the eastern city of Goma. Protesters breached the French Embassy, removing furniture and leaving graffiti that read “Macron kills in Congo” and “You have long betrayed us,” referring to […]
MAG Silver Guides To Production Decline In 2025
Mag Silver (TSX: MAG) has finally released its fourth quarter and full year 2024 production results, making them one of the last companies to do so. Initial guidance for 2025 was also released this morning. The fourth quarter saw Mag’s Juanicipio mine process 333,612 tonnes of ore, resulting in the production of 4.3 million ounces […]
Galiano Gold Issues Production Guidance With Midpoint Of 140,000 Ounces For 2025
Galiano Gold (TSX: GAU) is anticipating a large uptick in gold production over the next two years at its Asanko Gold Mine in West Africa. The improvement was announced this morning as part of a five year production outlook provided by the company. Production this year is slated to come in between 130,000 to 150,000 […]
Alamos Gold Obtains Approvals For New 104,000 Ounce A Year Mine
Alamos Gold (TSX: AGI) has obtained the necessary approvals to begin the construction of its newest mine in Mexico. The company has received approvals for an amended environmental impact assessment for the Puerto Del Air project, which is found within Alamos’ Mulatos District. The PDA project focuses on an underground deposit found adjacent to the […]
Goliath Resources Secures $10 Million Investment From McEwen Mining
Goliath Resources (TSXV: GOT) has managed to secure a new strategic investor. The company has obtained the backing of McEwen Mining (TSX: MUX), who has invested in the company under a strategic arrangement. The transaction will see McEwen take a 3.76% stake in the company, with an investment valued at $10.0 million. The investment reportedly […]
Taxpayer Group Takes CRA to Court Over Capital Gains Tax
The Canadian Taxpayers Federation has filed a legal challenge against the Canada Revenue Agency, seeking to block enforcement of a capital gains tax increase that hasn’t received parliamentary approval. The case, Vorstfeld v. Attorney General of Canada, aims to prevent the CRA from implementing new inclusion rates scheduled for June 25, 2024, ahead of the […]