US Blocks TSMC’s China Shipments of Advanced AI Chips
The US Department of Commerce has directed Taiwan Semiconductor Manufacturing Co to stop shipping advanced semiconductor chips to Chinese customers, marking an escalation in Washington’s efforts to restrict China’s access to critical AI technology. The order, effective Monday, specifically targets chips with 7-nanometer or more advanced designs that are commonly used in artificial intelligence accelerators […]
Bottom May Not Yet Be In for Cannabis Stocks After Amendment 3 Failure
Cannabis stocks experienced a huge decline following the failure of Florida’s recreational marijuana ballot initiative, despite receiving majority support from voters. The measure, which needed 60% approval to pass, garnered over 55% of votes but fell short of the required threshold. The market reaction was swift and severe, with major cannabis companies seeing substantial drops […]
Making Sense of Markets After Trump’s Win | Frank Giustra
In this interview, Frank Giustra, CEO of Fiore Group, provides insights into current market dynamics and investment opportunities. Giustra begins by sharing his perspective on recent political developments and their potential impact on markets. He addresses the state of Canadian mining, drawing from his significant experience in building and financing mining companies. A key focus […]
Bitcoin Crosses $84,000 As MicroStrategy Drops $2 Billion Acquiring 27,200 More BTC
The price of bitcoin has sailed past the $84,000 mark, topping out at $84,788per US dollar, following the revelation by MicroStrategy (NASDAQ: MSTR) that it has resumed buying bitcoin in substantial quantities. The tech company this morning indicated it acquired 27,200 bitcoins during the period between October 31, 2024 and November 10, 2024. The bitcoin […]
Taxpayers Could Bear the Losses in Trans Mountain Pipeline Sale
Canada’s acquisition and expansion of the Trans Mountain Pipeline (TMC) in 2018 has long sparked controversy over its financial feasibility. With the expansion officially operational as of May 1, 2024, new analysis from the Parliamentary Budget Office suggests that the project’s sale may lead to considerable taxpayer losses. Despite significant federal investment and the project’s […]
Montreal Port Lockout Arrives, Sparks Fears of Food Shortages
1,200 dockworkers at the Port of Montreal are now locked out by their employer, escalating an already tense labor dispute with far-reaching implications for Canada’s economy, food security, and supply chains. The lockout means that operations at both the Montreal and Vancouver ports—Canada’s two largest, responsible for handling critical imports, including thousands of tonnes of […]
Mali Detains Mining Executives Amid Growing Hostility Toward Foreign Firms
Mali’s military-led government has detained Terry Holohan, CEO of Australia’s Resolute Mining Ltd. (ASX: RSG), along with two other company executives, marking a serious escalation in the country’s strained relations with foreign mine operators. The detentions, which occurred after the executives traveled to the capital, Bamako, for meetings with Malian mining and tax officials, were […]
Plurilock Lands $5.4 Million Contract With Canadian Law Enforcement Agency
Plurilock Security (TSXV: PLUR) continues to secure substantial contracts within the cybersecurity industry. The company this morning indicated it has secured its latest agreement with an unnamed Canadian law enforcement agency.
American Eagle Gold Sees South32 Take 19.9% Interest In Company For $29 Million
American Eagle Gold (TSXV: AE) has received a major vote of confidence from Australia-based South32 (ASX: S32), which is a spinout from BHP Billiton focused on diversified metals and mining. The mining major has agreed to make a strategic investment into American Eagle, following the success it has seen at its NAK project in British […]
Power Nickel Intersects 3.82% Copper Equivalent Over 19.6 Metres At Lion Zone
Power Nickel (TSXV: PNPN) continues to hit high grade mineralization at its Lion Zone, a new discovery at its flagship Nisk project in Quebec.