GTA Home Inventory Swells as Sales Lag Behind New Listings
The Greater Toronto Area saw housing listings surge in 2024, shifting market dynamics in favor of buyers, particularly first-time buyers and those in the condominium sector, according to new data from the Toronto Regional Real Estate Board. The market experienced a substantial 16.4% increase in new listings throughout 2024, while sales grew by only 2.6%, […]
Russian Energy Giant to Slash Head Office Workforce by 40%
Gazprom, Russia’s state energy corporation, plans to cut 1,600 positions at its St. Petersburg headquarters — reducing its central office staff by nearly half. The restructuring plan came to light through a leaked internal letter that company officials have since verified as authentic. Deputy Board Chairman Elena Ilyukhina wrote in a December letter that excessive […]
A Week Before Trump Transition, Biden Team Proposes Sweeping AI Chip Controls
The Biden administration proposed new controls Monday over the export of advanced AI computer chips, affecting technology sales to more than 120 countries worldwide. The framework establishes unrestricted access for 20 close allies, including Japan, Britain, and major European nations, while limiting exports to countries such as Mexico, Portugal, Israel, and Switzerland. “It’s critical to […]
Investment in Housing Dwarfs Tech Spending in Canada
Canada leads OECD nations in prioritizing housing investment over intellectual property development, a trend that threatens the country’s productivity and competitive position. New OECD data shows Canadian investment in residential property exceeds intellectual property spending by 25.7 percentage points, the highest gap among developed nations. This imbalance significantly outpaces similar housing-focused economies like Mexico at […]
US SEC Uncovers $3 Billion Bond Scandal In BMO, Issues $40M Fine
In a sweeping enforcement action, the U.S. Securities and Exchange Commission has charged BMO Capital Markets, a subsidiary of Bank of Montreal (NYSE: BMO), with failing to properly supervise its employees in the sale of misleading mortgage-backed securities. This case highlights ongoing concerns about regulatory oversight and corporate accountability within Canada’s tightly consolidated banking industry. […]
Elon Musk Could Own Another Social Media Platform As China Signals Support For TikTok Acquisition
As TikTok faces a looming U.S. ban over national security concerns, a surprising development has emerged: Chinese officials are reportedly considering Elon Musk as a potential buyer for the platform’s U.S. operations. The news signals a significant shift in Beijing’s stance, raising questions about Musk’s global influence and the implications of such a deal for […]
Greenland Open to US Cooperation on Defense and Mining, But “On Its Own Terms”
Greenland’s Prime Minister Mute Egede signaled willingness Monday to strengthen defense and mining ties with the United States, while emphasizing the Arctic nation’s autonomy in decision-making following renewed US interest in the territory. The statement comes after US President-elect Donald Trump revived his earlier proposal to acquire the mineral-rich territory, describing American control of Greenland […]
Lithium Ionic Improves Resources At Baixa Grande By 32%
Lithium Ionic (TSXV: LTH) is reporting this morning that it has significantly expanded its resources at its Baixa Grande Project following the release of an updated mineral resource estimate. Highlights from the updated resource estimate include: The updated mineral resource estimate builds on an estimate originally released in April 2024. The update has seen measured […]
IsoEnergy Begins 8,800 Metre Winter Drill Program Largely Focused On Greenfield Targets
IsoEnergy (TSX: ISO) has begun its 2025 winter exploration program within the Athabasca Basin. The program is scheduled to drill test the Larocque East project, including both the Hurricane deposit as well as greenfield targets along trend. “We are eager to launch our winter exploration program, which includes testing deposit expansion targets around the margins […]
IAMGOLD Produces 667,000 Ounces In 2024, Provides 2025 Guidance
Preliminary results are in for IAMGOLD’s (TSX: IMG) fourth quarter, with the company reportedly achieving the midpoint of its production guidance for 2024. Collectively, IAMGOLD reported that the company produced 667,000 ounces of gold in 2024, versus prior revised guidance of 625,000 to 715,000 ounces. The majority of production came from Essakane and Westwood, which […]