Carney Claims Canada Has “Some Of The Cheapest Gas In The World”, But Is It True?
Prime Minister Mark Carney, in his speech explaining the country’s national electricity strategy, claimed that Canada has one of the “cheapest gas” in the world. However, that claim falls apart when measured against gasoline prices, yet becomes materially stronger when measured against wholesale natural gas. The distinction matters because the word “gas” sits at the […]
Mako Mining’s Q1 Net Income Jumps to $23.1 Million
Mako Mining (TSXV: MKO) delivered a strong opening to 2026, with first quarter revenue of $68.6 million translating into $23.1 million in net income, or $0.26 per share. Adjusted EBITDA came in at $40.1 million for the three months ended March 31, while net cash from operating activities reached $19.2 million. The result extends a […]
Societe Generale Lands Lead Role on McEwen Copper’s $4 Billion Los Azules Financing
McEwen Copper has officially named Societe Generale as the sole financial advisor for the project debt financing of its Los Azules copper project in Argentina, putting a name to the international institution that had been the subject of speculation earlier in the week. The mandate tasks the French bank with structuring and arranging a senior […]
Allied Gold Books $58.3M Q1 Loss, Adjusted Earnings Hit $48.6M Ahead of Zijin Takeover
Allied Gold Corporation (TSX: AAUC) posted a mixed opening to 2026 on Thursday, reporting a first quarter net loss alongside stronger production and a sizeable cash build, even as the company moves closer to closing its takeover by Zijin Gold International. The miner booked a net loss of $58.3 million, or $0.47 per share, for […]
Ethics Filing Reveals President Bought AI Chip, Defense Stocks Days Before Favorable Administration Decisions
President Donald Trump executed more than 3,600 individual securities transactions in the first quarter of 2026, new federal ethics filings show, with multiple trades timed days before his administration issued regulatory decisions or awarded contracts that benefited the same companies. Trump filed the 113-page Form 278-T with the Office of Government Ethics on May 8, […]
200 Jets, Not 500: Boeing’s China Deal Disappoints Wall Street
Boeing (NYSE: BA) CEO Kelly Ortberg flew to Beijing with President Trump specifically to close a major aircraft order from China — the company’s first in nearly a decade. The aircraft maker was hoping for 500 jets. China committed to 200. The stock fell 4%. Trump announced the commitment on Fox News Thursday, saying Xi […]
Saudi Arabia Is Building a Post-War Middle East Security Pact, and the US and Israel Aren’t in It
Saudi Arabia has proposed a regional non-aggression pact between Middle Eastern states and Iran, modelled on the 1975 Helsinki Accords, according to diplomats cited by the Financial Times — an initiative that would establish Gulf security guarantees independent of Washington and potentially without Israel. The proposal comes as US-Iran ceasefire talks remain narrowly focused on […]
Africa CDC Signals Alert On Ebola Outbreak In DRC; Deaths At 65
Africa CDC said Friday it is monitoring a confirmed Ebola Virus disease outbreak in Ituri Province in northeastern Democratic Republic of the Congo. The count is now in the hundreds, with the agency placing suspected infections at about 246 and deaths at 65 across Mongwalu and Rwampara. The numbers remain provisional. The agency said early […]
Amazon Cuts More Jobs in Seller Services as Tech Layoffs Surpass 45,000
Amazon (Nasdaq: AMZN) eliminated more roles in its Selling Partner Services division on Wednesday, extending a six-month restructuring that has now cost the company nearly 30,000 positions as it redirects capital toward artificial intelligence. An Amazon spokesperson confirmed the cuts to Business Insider, saying the scope reached “a relatively small number of roles.” The company […]
The Iran War’s Hidden Bill: 30-Year Treasury Yields Hit 5% for the First Time Since 2007
The US government borrowed long-term money on Wednesday at a cost it hasn’t paid since before the global financial crisis, as two consecutive weeks of hotter-than-expected inflation — driven by the energy shock from the Iran war — pushed 30-year Treasury yields above 5% for the first time since 2007. The Treasury sold $25 billion […]