French Regulators Probe Crypto Platform After Massive Trump Bet Win
French gambling authorities are investigating Polymarket, the cryptocurrency betting platform where a French trader won nearly $50 million wagering on Donald Trump’s presidential victory. “We are currently examining its operation as well as its compliance with French legislation on gambling,” said ANJ spokesperson Elsa Trochet-Mace in a statement Thursday. The platform, which requires authorization to […]
Alberta Government Dissolves AIMCo Board Over Performance Concerns
The Alberta government on Thursday removed the entire board of the Alberta Investment Management Corporation (AIMCo), citing years of failing to meet mandated benchmark returns at the $170 billion pension management fund. Finance Minister Nate Horner announced the immediate departure of CEO Evan Siddall and three other top executives. Horner will temporarily serve as the […]
Lundin Gold Achieves Record Revenue & Cash Flow in Q3 2024
Lundin Gold Inc. (TSX: LUG) recently reported its third quarter performance in 2024, driven by favorable gold prices, increased production, and strong financial discipline at its Fruta del Norte (FDN) mine in Ecuador. Revenue for Q3 2024 soared to $323 million, representing a 53% increase from $211 million in Q3 2023 and a notable rise […]
Wheaton Precious Metals Hits Record Cash Flow, Yet Misses Revenue Target as Production Slips
Wheaton Precious Metals (TSX: WPM) released its third-quarter earnings for 2024, reporting earnings of $0.34 per share, consistent with estimates and up from $0.27 per share a year ago. This is attributed to the company’s ongoing ability to generate consistent earnings despite fluctuations in the underlying prices of precious metals. Total revenue came in at […]
Canada’s Labour Market Participation Rate Hits Multi-Decade Low
Canada’s labor market showed signs of stability in October, with employment holding steady and the unemployment rate remaining unchanged at 6.5%, according to the latest data from Statistics Canada. The economy added a modest 15,000 jobs (+0.1%) in October, following a more substantial increase of 47,000 (+0.2%) in September. Despite the slight employment gain, the […]
Heliostar Closes On $5 Million Purchase Of Producing Mexican Assets
Heliostar Metals (TSXV: HSTR) is now officially a producer. The company has as of today closed on multiple assets in Florida, following the closing of a transaction with Florida Canyon Gold (TSXV: FCGV). The transaction saw Heliostar acquire the San Agustin mine, the La Colorada mine, the Cerro del Gallo project, and the San Antonio […]
Canopy Growth Posts 9% Revenue Decline, Continued Net Losses In Q2 FY2025
Canopy Growth Corporation (TSX: WEED) released its Q2 FY2025 results today, revealing a mixed financial picture marked by underperformance in its Canadian cannabis segment but notable growth in international markets and premium product lines. The company’s net revenue for the quarter ended September 30, 2024, was $63 million, a 9% drop from $69.6 million in […]
Uranium Energy Reports After-Tax NPV Of $946 Million For Roughrider Project
Uranium Energy Corp (NYSE: UEC) has completed an economic assessment on its Roughrider Project, which is found in the Athabasca Basin of Saskatchewan. The project, based on a S-K 1300 Initial Assessment Report, is said to have an estimated post-tax net present value (8% discount) of $946 million, along with an IRR of 40% and […]
Powell: ‘No’ to Resignation Under Trump
Federal Reserve Chairman Jerome Powell declared Thursday he would not step down if requested by President-elect Donald Trump, emphasizing that such a removal would not be legally permissible. The statement came during a news conference following the Fed’s decision to cut interest rates by a quarter percentage point. “No,” Powell responded directly when asked about […]
Bitcoin Reaches Record High Following Trump Win
Bitcoin reached unprecedented heights on Thursday, surpassing $76,600 and leading a broad cryptocurrency market rally following Donald Trump’s presidential election victory. The surge reflects growing investor confidence in Trump’s pro-crypto stance and campaign promises. Trump’s evolution from crypto skeptic to advocate has played a crucial role in market sentiment. His campaign embraced cryptocurrency donations and […]