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Canada’s Inflation Rate Rises To 2% In October

Canada’s annual inflation rate rose to 2% in October, up from 1.6% in September, as the decline in gasoline prices moderated, Statistics Canada reported on Tuesday. The increase brings inflation back to the Bank of Canada’s target rate, potentially influencing future monetary policy decisions. On a monthly basis, the CPI increased 0.4% in October, reversing […]

PyroGenesis Signs Contract With Major Steelmaker To Assess Use Of Plasma Torches

PyroGenesis (TSX: PYR) has reportedly entered into a contract with one of the three largest steelmakers globally. The contract will see the company assess whether its fully electric plasma torches are able to be used in part of the clients electric arc furnace steelmaking and casting process. The contract, which is to be fulfilled over […]

Hercules Metals Hits 0.47% Copper Over 338 Metres

Hercules Metals (TSXV: BIG) has released further drill results from its flagship Hercules property in Idaho. The results are said to have demonstrated the strongest primary mineralization below the enrichment blanket encountered to date. Highlights from the results include: HER-24-12 is said to represent the first time that Hercules has encountered increasing grade at depth […]

Cardiol To Advance CardiolRx To Phase III Trial Following Positive Results

Cardiol Therapeutics (TSX: CRDL) has seen success under a phase II trial conducted on CardiolRx, which is the company’s lead small molecule drug candidate. The drug is currently going through clinical trials for use in the treatment of heart disease, specifically recurrent pericarditis and acute myocarditis.

NexGen Energy Completes Federal Technical Review For Rook I Project

NexGen Energy (TSX: NXE) has reached a major milestone in the development of Rook I Project in the Athabasca Basin of Saskatchewan. The company this morning indicated it has completed the final federal technical review for the project, after having successfully responded to all information requests related to the review. With the technical review now […]

Oil Titans Backtrack on Renewable Energy Ambitions To Address Profitability Concerns

European energy giants BP, Shell, and Equinor are scaling back on their ambitious renewable energy plans, opting instead to refocus on traditional oil and gas operations. This pivot comes against a backdrop of global economic pressures, rising costs in renewables, and shifting shareholder demands, reflecting the complexities of navigating the energy transition. In the past […]

Pennsylvania May Become First US State to Hold Bitcoin

Pennsylvania legislators have introduced a bill that would make it the first US state to hold Bitcoin in its reserves, marking a significant shift in how state governments approach digital asset management. The legislation, which follows the state’s Bitcoin Rights bill already passed by the House, would permit investment of up to 10% of state […]

Polish Central Bank Continues Gold-Buying Spree, Ups Holdings to 420 Tons

Poland has expanded its gold reserves to 420 tons, surpassing Britain’s holdings and positioning itself among the world’s largest gold reserve holders, the central bank said. The National Bank of Poland (NBP) has added 39 tons of gold just in the last five months, advancing toward its goal of holding 20% of its foreign exchange […]

Beijing Gears Up for Trade War as Trump’s Hardline Team Takes Shape

As U.S. President-elect Donald Trump assembles a cabinet filled with staunch critics of Beijing, his administration is poised to confront a more robust and prepared China. Analysts suggest that this brewing standoff between the world’s two largest economies could further strain global markets and intensify geopolitical tensions. However, Beijing, having faced years of U.S. pressure, […]

Russia Stops Gas Flow to Austria in Payment Dispute

Russia’s Gazprom halted natural gas supplies to Austria on Saturday in a payment dispute, marking another reduction in Moscow’s dwindling energy ties with Europe nearly three years after the Ukraine invasion. Austrian utility OMV said deliveries stopped at 6 a.m. (0500 GMT) after it moved to offset a 230 million euro ($242 million) arbitration award […]