Honda Says New North American Factory Hinges on CUSMA Extension

Billions of dollars in potential investment across the continent are suddenly in question, as Honda Motor Co. signals that its future manufacturing footprint in North America could stall entirely if the region’s trade framework is not preserved. The automaker indicated it may forgo building any new plants in North America unless the Canada-United States-Mexico Agreement […]

West Red Lake Gold Doubles Adjusted Earnings as Madsen Output Climbs 51%

Doubles Adjusted Earnings as Madsen Output Climbs 51%

West Red Lake Gold Mines (TSXV: WRLG) nearly doubled its adjusted earnings in the second quarter as the Madsen mine settled into its first full year of commercial production. Revenue for the three months ended June 30 was $49 million, up 17% from $41.8 million in the first quarter. Adjusted net earnings rose 98% to […]

Guanajuato Silver Delivers Second Straight Profit on Flat $42.5 Million Revenue

Delivers Second Straight Profit on Flat $42.5 Million Revenue

Guanajuato Silver(TSXV: GSVR) stayed profitable for a second consecutive quarter, though only narrowly, posting net income of $557,000 for the three months ended June 30 against $5.7 million in the prior quarter. Revenue held roughly flat at $42.5 million, a 1% decline from $43.1 million. Earnings amounted to $0.00 per share on a basic and […]

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LeBron James Tapped Life Insurers for $300M Ahead of Lakers Deal

Tapped Life Insurers for $300M Ahead of Lakers Deal

Long before he ever suited up in the NBA’s biggest markets, LeBron James had already lined up his most lucrative deal of 2018, and it had nothing to do with playing basketball. A limited liability company he controls borrowed almost $300 million from a pair of Midwestern life insurers, pledging his off-court income to secure […]

Canada Matches U.S. Levies with $27.6B in Counter-Tariffs

Roughly 700 American products will be caught up in Canada’s retaliation against Washington’s latest tariff wave, as Ottawa escalates a trade fight that intensified after negotiations between the two countries collapsed late last week. Finance Minister François-Philippe Champagne said the federal government will hit $27.6 billion worth of U.S. imports with dollar-for-dollar, rate-for-rate counter-tariffs beginning […]