Canada Unveils $61.9 Billion Deficit As Finance Minister Resigns
Canada’s Finance Minister Chrystia Freeland resigned from her cabinet position on Monday, just hours before the Department of Finance released its fall economic statement. The statement revealed a deficit of $61.9 billion for the 2023-24 fiscal year, significantly overshooting the government’s previous target of C$40.1 billion. The fiscal update, tabled by Government House Leader Karina […]
Bunker Hill Delays Restart of Historic Idaho Mine
The restart of the historic Bunker Hill silver-lead-zinc mine in Idaho, once a crown jewel of American mining, has been delayed as its operator, Bunker Hill Mining Corp. (TSXV: BNKR), grapples with a surge in costs that has nearly doubled initial projections. Bunker Hill Mining announced that the estimated restart cost has swelled to $103 […]
Edmonton Police Commission Chair to Oversee City Policing from…Portugal?
John McDougall, a seven-year member of Edmonton’s police commission, announced Friday he will continue serving on the oversight board from Portugal after stepping down as chair, maintaining his position through 2026. McDougall, one of three provincially-appointed commissioners on the 12-member board, will conclude his chair term on December 31, 2024, while retiring from his Canadian […]
Has China’s Oil Demand Hit Its Peak?
As the world’s largest oil importer and a pivotal player in global energy markets, China has long been the engine driving oil demand growth. However, a recent forecast from the China National Petroleum Corporation (CNPC) suggests that 2023 may mark the peak of the country’s refined oil consumption, with profound implications for global energy markets […]
Silver’s Perfect Storm: 200M oz Deficit, M&A Wave and 2025 Price Targets | Peter Krauth
In this interview, Peter Krauth, editor of the Silver Stock Investor newsletter, provides comprehensive analysis of the silver market and its future prospects. Krauth begins by highlighting silver’s current market dynamics, emphasizing its fourth consecutive year of deficit with demand exceeding supply by 20%. He draws an interesting parallel between silver and uranium markets, noting […]
PepsiCo Skips Tax Holiday as Small Businesses Scramble
Canada’s two-month GST/HST holiday began Saturday amid growing concerns about implementation challenges, as even major corporations like PepsiCo Canada announced they would continue charging the tax despite the federal mandate. In a December 10 memo to customers, PepsiCo Canada revealed it would maintain GST/HST charges on qualifying products throughout the holiday period, citing “complexity of […]
“Pharma Bro” Martin Shkreli Shorts MicroStrategy, Says Michael Saylor Is “Insane”
Martin Shkreli, the infamous “Pharma Bro” known for his controversial business tactics and stint in federal prison for securities fraud, has entered the Bitcoin conversation with sharp criticism of MicroStrategy (NASDAQ: MSTR) and its co-founder, Michael Saylor. In recent comments, Shkreli labeled Saylor as “insane” for his aggressive Bitcoin strategy, predicting that it will ultimately […]
Sean Fraser Resigns, Leaving Behind a Trail of Housing and Immigration Woes
Sean Fraser, Canada’s Housing Minister, has announced his resignation from Prime Minister Justin Trudeau’s cabinet. Fraser also revealed that he will not seek re-election in the upcoming federal election expected in 2025. His departure comes at a turbulent time for the Trudeau administration, which faces sinking approval ratings and mounting criticism over housing affordability and […]
Freeland Resigns As Finance Minister Ahead Of Fall Economic Statement Release
Chrystia Freeland has resigned from Justin Trudeau’s Liberal Cabinet, announcing this morning that Trudeau on Friday indicated he no longer wanted Freeland in the finance role. Rather than be reassigned, Freeland has indicated that she has no desire to serve in the Cabinet on a go-forward basis. “On Friday, you told me you no longer […]
Is Chrystia Freeland Scrapping The Promised $250 Rebate?
In a significant policy reversal, Finance Minister Chrystia Freeland is expected to announce the cancellation of a promised $250 rebate for nearly 19 million working Canadians. The initiative, known as the “Working Canadians Rebate,” was originally proposed as part of the Liberal government’s affordability measures to help citizens cope with inflation. Sources close to the […]