OpenAI’s Alarming Shift Via Defense Contractor Partnership Raises Serious Questions
OpenAI, the company behind ChatGPT, has taken a consequential step into the defense sector by partnering with Anduril Industries, a defense technology firm specializing in unmanned aerial systems and counter-drone technologies. This collaboration aims to fuse OpenAI’s artificial intelligence capabilities with Anduril’s defense systems to bolster U.S. and allied military efforts in identifying and mitigating […]
Golden Cariboo Hits 452 Metres Of 0.30 g/t Gold
Golden Cariboo Resources (CSE: GCC) has again intersected long widths of gold mineralization at its Quesnelle Gold Quartz Mine property in the Cariboo district of British Columbia.
Canopy Growth Finally Completes Acquisition Of Acreage Holdings
Canopy Growth (TSX: WEED) has completed its acquisition of Acreage Holdings (CSE: ACRG), which was conducted through the associated Canopy USA entity. The arrangement marks the final piece of Canopy USA, which includes ownership of Wana Wellness, The CIMA Group, Mountain High Products, and a 77% interest in Jetty. The transaction, which was originally arranged […]
Lundin Mining Sells Zinc Operations For $1.52 Billion In Cash
Lundin Mining (TSX: LUN) is divesting assets as it works to focus its efforts on growth within South America, with an emphasis on the Vicuna district. The assets to be sold consist of the Zinkgruvan operation in Sweden and the Neves-Corvo operation in Portugal, which will be sold to Boliden AB for a combined $1.52 […]
Jaguar Mining Halts Operations At Turmalina Mine After Tailings Failure
Jaguar Mining (TSX: JAG) has suspended operations at one of its mines in Brazil following a failure at its tailings pile. Operations at the Turmalina mine have been suspended, following a slump that occurred in the north wall of the associated Satinoco tailings pile. The pile, which consists of dry-stacked filtered tails and waste rock, […]
Gold Climbs as China’s Central Bank Starts Buying Again
Gold prices rose on Monday after China’s central bank restarted its buying program following a six-month pause, with spot prices rising 0.92% to $2,658.20 per ounce. The precious metal has gained 0.84% over the past month, continuing its strong performance after reaching a record high of $2,790.15 on October 31. The rally has put gold […]
BMO Q4 Earnings: A Buyback And Some Clever Accounting
While CIBC may have taken the crown this earnings cycle in terms of the most positive investor response to fourth quarter results, Bank of Montreal (TSX: BMO) came in at a close second. The equity ended the day up just over 4% following the release of the results, a result of the company announcing a […]
Surtaxes On China to Generate $473 Million, But Canadian Construction Faces Higher Costs
Canada’s recent implementation of surtaxes on Chinese-made electric vehicles, steel, and aluminum is set to reshape trade dynamics and industry landscapes, with a range of economic consequences already in motion. The measures, introduced in October 2024, aim to bolster domestic industries and reduce dependence on Chinese imports, but their effectiveness and broader implications are far […]
CIBC Q4 Earnings: The Market Is Lovin’ These Earnings
In terms of the Canada big six, the best performing bank in the fourth quarter appears to have been the Canadian Imperial Bank of Commerce (TSX: CM). Most normal people of course refer to them as CIBC. Hours after publishing their results, the equity was up over 4%, which is the best stock performance of […]
Court Rules Against TikTok: Cut Ties with China or Shut Down
The U.S. Court of Appeals for the District of Columbia Circuit has upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, a law requiring TikTok, owned by Chinese tech giant ByteDance, to sever ties with its parent company or cease operations in the U.S. by January 19, 2025. The court’s decision, authored by Senior […]