No Relief for Shein and Temu Customers as White House Maintains Small Package Tariffs
Despite a new trade deal that temporarily reduces tariffs on many Chinese goods, the White House confirmed Monday that small packages from China will continue to face significant import duties. This decision particularly impacts consumers who purchase low-cost items from popular e-commerce retailers like Shein and Temu. Under the new agreement announced by the Trump […]
Orla Mining Swings to Net Loss In Q1 2025 Despite Record Sales Due To Musselwhite
Orla Mining (TSX: OLA) reported its full first quarter financials in Q1 2025, with total revenue doubling YoY to $140.7 million from Q1 2024’s $67.3 million, buoyed by a 44.7% increase in gold sales volume to 46,356 ounces and a 41.6% jump in average realized gold prices to $2,915 per ounce vs $2,059 per ounce […]
Panama Copper Mine Restart Could Be the Key to US Mineral Security
Resolving the dispute over Panama’s largest copper mine is increasingly seen as strategic to US national security interests, according to security experts, as the US seeks to reduce dependence on Chinese mineral processing. The Cobre Panamá mine, developed and operated by Canadian firm First Quantum Minerals (TSX: FM) until its shutdown in November 2023, represented […]
NDP Faces Major Funding Shortfall After Election Setback
The New Democratic Party of Canada faces a severe funding shortage after electoral results left hundreds of its candidates ineligible for campaign expense reimbursements, according to Elections Canada data. Federal regulations require candidates to secure at least 10% of votes to qualify for expense rebates. Only 46 of the party’s 342 candidates met this threshold […]
Sponsored · Cambria Gold Mines
Gold Could Reach $6,000 by 2029 on Small Shift from US Assets – JPMorgan
JPMorgan analysts predict gold could surge to $6,000 per ounce by 2029, an 80% increase from current levels, if foreign investors move just 0.5% of their US asset holdings into the metal. According to a note released on Wednesday, such a minimal reallocation would direct approximately $273 billion toward gold over four years, equating to […]
Auto Sector Faces Uncertain Future as US-Canada Trade Tensions Escalate
Canada’s automotive sector stands at a critical juncture as recently implemented US tariffs threaten its sustainability, industry experts warn. President Donald Trump’s trade policies targeting Canadian auto imports have prompted diverging responses from industry leaders. The 25% tariffs on imported vehicles took effect April 3, with additional tariffs on auto parts implemented May 3, despite […]
‘Woke’ Ivy League Could See Their Endowments Facing Tax Avalanche
Universities are preparing for a potential financial reckoning as Wall Street advisers warn that the federal endowment tax—currently set at 1.4%—could balloon dramatically under renewed Republican efforts to penalize what they view as “far-left indoctrination” on campuses. According to Fox Business correspondent Charles Gasparino, finance executives who advise top university endowments say schools have been […]
“No More Suckers”: Trump Orders Slashing US Drug Prices by Up to 80%
President Donald Trump announced he will sign an executive order mandating that Americans pay no more for select prescription drugs than citizens in countries with the lowest prices worldwide—a policy he dubbed the “Most Favored Nation” approach. “For years,” Trump wrote on Truth Social, “all of these costs were, and would be, for no reason […]
Sponsored · Selkirk Copper Mines
US-China 90-Day Tariff Reprieve Triggers Global Rally, But Trade Deficit Still Remains
After weeks of tariff volley, the US and China have agreed to slash reciprocal tariffs for 90 days, sending global equity markets into a broad rally. Under the deal announced after two days of negotiations in Geneva, US tariffs on Chinese goods will drop from a punitive 145% to 30%, while China will reduce its […]
Newmont Sells 50.5 Million Shares In Discovery Silver Despite Claimed One-Year Lock-Up Arrangement
Newmont Corp (TSX: NGT) evidently has little interest in being a major shareholder of assets they have just disposed of. The company late on Friday revealed they have sold a partial interest in Discovery Silver (TSX: DSV), which was acquired upon the sale of their Porcupine Complex in mid-April. The gold major on May 8 […]