US Moves Again To Boost Local Nuclear Industry
The Biden administration has announced steps to bolster the domestic nuclear industry and advance America’s clean energy future. As part of these efforts, the administration is hosting a White House Summit on Domestic Nuclear Deployment, emphasizing the critical role of nuclear power in achieving a carbon-free electricity sector by 2035. Nuclear power, currently the largest […]
Canadians Moving To US Hits Decade High: “With Trudeau, I Have To Get Out Of Here”
Tens of thousands of Canadians are emigrating from Canada to the United States, reaching levels not seen in over a decade, according to data compiled by CBC News. This surge reflects a variety of motivations, from economic opportunities to political discontent under Prime Minister Justin Trudeau’s leadership. The American Community Survey (ACS), conducted by the […]
RBC Tops Q2 2024 Estimates, Hikes Dividend, Announces 30-Million Share Repurchase Plan
The Royal Bank of Canada (TSX: RY) has surpassed analysts’ expectations for its fiscal second quarter, driven by robust gains in its capital-markets division and lower-than-anticipated provisions for potential loan losses. RBC reported adjusted earnings of $2.92 per share, exceeding the $2.76 average estimate from analysts surveyed by Bloomberg. RBC’s net income rose by 7.3% […]
Iran’s Stockpile of Bomb-Grade Uranium Grows, Biden Presses Allies Not To Confront Iran About Nuclear
Iran has significantly increased its stockpile of near bomb-grade uranium, a development likely to heighten tensions in the Middle East as Tehran prepares for presidential elections next month. The latest nuclear-safeguards assessment, the first since the tragic deaths of Iran’s president and foreign minister in a helicopter crash, underscores the urgency of international scrutiny. According […]
Canopy Growth Sees Revenue Decline To $297.1 Million In 2024
Canopy Growth (TSX: WEED) has seen revenue decline on a sequential basis for its fourth quarter of 2024. The firm reported revenue of $72.8 million, down from $78.5 million in the third quarter. Little improved for the company from the third quarter to the fourth quarter, with gross margin also declining to 21%, down from […]
Giant Mining Settles Reclamation Bond In Advance Of Drilling At Majuba Hill
Giant Mining (CSE: BFG) is one step closer to conducting a planned drill program at its flagship Majuba Hill Porphyry Copper Deposit in Nevada.
Forum Energy Options Off Interest In Northwest Athabasca Project To New Issue Global Uranium
Forum Energy (TSXV: FMC) has optioned off part of its interest in a joint venture with NexGen Energy (TSX: NXE), which itself is in a joint venture for the Northwest Athabasca project. Forum Energy currently holds a 62.2% interest in the Forum NexGen JV, while the Forum NexGen JV holds a 69.95% beneficial interest in […]
Trulieve Cannabis Obtains Two Dispensaries In Ohio Following Litigation Settlement
Trulieve Cannabis (CSE: TRUL) has added assets in Ohio to its portfolio following the conclusion of litigation in the state related to the acquisition of certain Harvest of Ohio assets in connection with its 2021 purchase of Harvest Health and Recreation.. The litigation was launched in July of last year in relation to $23.8 million […]
OPEC Struggles to Maintain Control Over Oil Prices
Despite deep production cuts, OPEC is struggling to hold oil prices high amid concerns over global demand growth and elevated stocks. The international oil cartel, along with its allies known as OPEC+, is set to meet on June 2 to discuss their joint production policy. Sources suggest that the group may decide to extend voluntary […]
Russian Commodities Firms Turn to Stablecoins to Evade Sanctions
Russian commodities firms have begun utilizing stablecoins, such as Tether Holdings Ltd.’s USDT, to facilitate cross-border transactions with Chinese clients and suppliers. The move comes two years after the start of the Russia-Ukraine conflict, which has led to challenges in receiving payments and purchasing equipment and raw materials, even for unsanctioned companies. According to Bloomberg, […]