Donald Trump Wants Elon Musk To Spearhead Cutting “Trillions” in Government Spending
Former U.S. President Donald Trump unveiled a significant proposal during a speech on Thursday at the Economic Club of New York, pledging to create a government efficiency commission if re-elected in November. The proposed commission, which Tesla and X CEO Elon Musk has reportedly agreed to lead, would focus on conducting a full audit of […]
Urgent Action Needed as Canada-US Economic Divide Hits 100-Year Peak, Economist Warns
Recent economic data reveals a growing disparity between Canada and the United States, with Canada’s economy falling behind its southern neighbor at an unprecedented rate. According to an analysis by economist Trevor Tombe, the gap in economic performance between the two countries has reached its widest point in nearly a century. Statistics Canada reported that […]
Trump’s Proposed Canadian Oil Tariffs Could Surge Gas Prices
In a controversial move, former U.S. President Donald Trump has floated the idea of imposing tariffs on Canadian oil, sparking concern among energy experts and economists about the potential consequences for gas prices, American jobs, and broader economic stability. This proposal is part of Trump’s broader economic strategy, which includes steep tariffs on imports aimed […]
Canada’s Unemployment Rate Rises to 6.6% in August Amid Mixed Job Market
Canada’s unemployment rate climbed to 6.6% in August, marking the highest level since May 2017 outside of the pandemic years, Statistics Canada reported on Friday. The increase comes despite a modest gain of 22,000 jobs, highlighting the ongoing challenges in the labor market. The employment rate decreased by 0.1 percentage points to 60.8%, continuing a […]
Ascot Resources Crashes 66% After Placing Premier Gold Mine Into Care And Maintenance
Ascot Resources (TSX: AOT) has officially placed its Premier Gold Mine on care and maintenance, stating that further mine development is required in order to efficiently run mill operations on site. “The Company believes we need to focus on mine development to prioritize asset value and ensure we have the best path forward to sustainable […]
Hertz Energy Signs Option Agreement For Harriman Antimony Project
Hertz Energy (CSE: HZ) has acquired new land claims in the Gaspe Region of Quebec that are said to be prospective for antimony.
Riverside Options Out La Union For $5.5 Million In Expenditures, 19.9% Stake In Exploration Junior
Riverside Resources (TSXV: RRI) has successfully optioned out another of its projects under its project generator model. The latest property to be optioned is the La Union project, found in the Sonora State of Mexico.
Canada Nickel Sees Export Development Canada Express Interest For Debt Financing
Canada Nickel Company (TSXV: CNC) is one step closer to securing debt financing for the development of its flagship Crawford Nickel Project in Ontario. The company has received a letter of interest from Export Development Canada in relation to funding the project. The letter of interest is said to outline potential funding of the project, […]
Canadian Oil Industry Challenges Anti-Greenwashing Legislation
The Canadian Association of Petroleum Producers (CAPP) has called on the country’s Competition Bureau to revise anti-greenwashing legislation enacted earlier this year. In a statement released Thursday, CAPP reiterated its demand for the complete removal of recent amendments to the law. This development comes as the Competition Bureau works on guidelines to help companies interpret […]
Libya’s Oil Production Faces Severe Threats as Key Fields Shut Down
Libya’s oil sector, a critical pillar of its economy and a significant source of crude for European markets, is facing an alarming and uncertain future. Recent data reveals that while crude exports remained stable in August 2024, there are growing signs that Libya’s oil production may be on the brink of a significant downturn. The […]