Honda to Build Electric Vehicles, Batteries in Ontario in Multibillion-Dollar Deal
Honda Motor Co. (TYO: 7267) is close to finalizing an agreement with the Canadian government that would see the Japanese automaker invest billions of dollars to build electric vehicles and battery components in the province of Ontario, according to Bloomberg which cited sources familiar with the negotiations. The deal, expected to be announced this week, […]
Conservatives Refuse To Commit To Repealing Capital Gains Tax Changes
Despite their strong criticism of the federal budget, the Conservative Party of Canada is not committing to repealing the Liberals’ planned increase in the capital gains inclusion rate. The budget, which spans 416 pages and was introduced in the House of Commons this Tuesday, proposes hiking the rate from 50% to 67%. This adjustment would […]
US Military To Exit Niger, What’s The Impact To Uranium Juniors?
The US government has given up on Niger. The government formally announced this weekend that it had agreed to withdraw military personnel from the country, a move that will impact over 1,000 individuals. The government was operating in country in connection with a twelve year old agreement that was in place with the Nigerian government, […]
Canada’s Debt Servicing Costs To Surpass GST Revenue
The Canadian federal government has a major debt problem on its hands. Projections included within the 2024 budget released this past week suggest that the federal Goods and Services Tax, or GST, will soon no longer be enough to cover the governments debt servicing costs. The tax, which currently sits at 5%, is expected to […]
Will the US Only Legalize Medical Cannabis First?
In a recent testimony before the House of Representatives Committee on Oversight and Accountability, FDA Commissioner Robert Califf addressed key issues surrounding the long-awaited decision on rescheduling cannabis by the Drug Enforcement Administration (DEA). The remarks by Califf, analyzed by Pablo Zuanic of Zuanic & Associates, offer insights into the complexities and potential pathways forward […]
Transportable Nuclear Power? Prodigy Clean Energy and Des Nëdhé Group Partner to Bring Plants to Remote Regions
Canada’s Prodigy Clean Energy and Des Nëdhé Group are partnering to bring portable nuclear power to the country’s remote regions. The companies will be delivering Transportable Nuclear Power Plants (TNPPs), which are self-contained microreactor stations, to power mining operations, construction sites, and even entire communities. “The Prodigy Microreactor Power Station™ TNPP, which can integrate different […]
Canadian Business Leaders Speak Out Against Capital Gains Tax Hike
Canada’s tech sector is up in arms over the federal government’s budget, which proposes raising the capital gains tax rate to two-thirds from one-half on earnings above $250,000 annually. The move, aimed at the “wealthiest 0.13%” to generate $19.3 billion over five years, has drawn fierce criticism from innovation leaders who warn it could drive […]
Too Much Gas: Alberta Natural Gas Storage About To Hit Capacity In Two Months
Alberta’s natural gas storage facilities are facing a looming capacity crisis, with projections suggesting they could reach full capacity within the next two months. This excess capacity has led to a sharp decline in prices, hitting a four-and-a-half-year low recently, signaling challenging times ahead for the region’s gas market. The AECO prompt month contract, which […]
Awalé Resources Faces Shareholder Pushback Following Insider Sales Prior to Financing
Awalé Resources (TSXV: ARIC) finds itself embroiled in shareholder discontent after recent insider sales were disclosed the day before announcing a financing for $10 million. The saga began on April 16, when three insiders reported insider transactions that had occurred earlier in the month. Company chairman Robin Birchall indicated that he had exercised 200,000 options […]
Lumber Prices Plummet Amidst Weakening Demand
Lumber prices have plummeted to around $500 per thousand board feet, marking a stark departure from the soaring prices witnessed in recent years. The latest data from industry sources paints a picture of diminishing demand, particularly from the vital property sector. At the start of April, lumber sales volumes remained notably subdued, a departure from […]