US Commerce Secretary Pressures Canada Over Alcohol Ban as Trade Tensions Escalate
US Commerce Secretary Howard Lutnick took an aggressive stance against Ontario’s retaliatory alcohol ban and Canada’s auto manufacturing sector during a closed-door discussion at a US-Canada summit this week, calling the province’s removal of American products from liquor shelves a “negative” that Canada needs to address. During his virtual remarks to the BMO and Eurasia […]
Argentina Rates Jump 80% As Treasury Sold Dollars Again
Argentina’s money-market rates jumped over 80%, as a cash crunch forced the Treasury to sell $1.3 billion of dollars in the past week to steady the peso, leaving roughly $1 billion in its own dollar deposits and pushing the crisis toward a pivotal stretch of repayments and elections. On Monday, the administration sold $450–$480 million […]
Carney Floats Keystone XL Revival In Trump Tariffs Talks
Canada linked energy cooperation to tariff relief as Prime Minister Mark Carney reportedly told President Donald Trump he wants to revive the Keystone XL pipeline, with Trump “receptive” and the proposal explicitly tied to easing 50% US duties on Canadian steel and aluminum. Following the Oval Office meeting, Trade Minister Dominic LeBlanc said both leaders […]
RBC CEO Urges Canada to Overcome Fear, Secure Trade Deals
Royal Bank of Canada CEO Dave McKay urged Canada on Wednesday to move quickly and secure trade deals with nations seeking its natural resources, warning the country must stop waiting for others to solve its economic challenges. McKay told a Calgary Chamber of Commerce luncheon that Germany, South Korea, and Japan want Canadian fossil fuels […]
India Leads Global Oil Demand Growth As Consumption Surges
India emerged as the world’s largest single source of oil demand growth in 2024 and maintains that position heading into 2026, driven by rapid economic expansion, urbanization, and growing transportation needs. India’s oil consumption grew 3.4% in 2024, making it the top contributor to global demand growth, according to the International Energy Agency’s Global Energy […]
Cocoa Prices Plunge After Record Highs, But Volatility Expected to Continue
Cocoa prices have fallen sharply from historic peaks, providing some relief to chocolate manufacturers after months of market turmoil, though analysts warn that volatility is far from over. Prices have plunged to around $6,000 per tonne after peaking above $12,000 per tonne in late 2024. New York cocoa futures hit a 19-month low last week, […]
US Steel Sues Canadian Steelmaker Over Broken Contract
US Steel has filed a lawsuit against Algoma Steel (TSX: ASTL), one of Canada’s largest steel producers, alleging the company backed out of a multimillion-dollar contract to purchase iron ore pellets. The complaint, filed in federal court in Pittsburgh, claims Algoma Steel breached a five-year-old agreement to buy millions of tons of iron ore pellets […]
First Majestic Posts Record Quarterly Silver Production In Q3
First Majestic Silver (TSX: AG) (NYSE: AG) recorded their highest quarter ever of silver production in Q3 2025, while silver equivalent production totaled out to 7.7 million ounces. The quarter continued to see production results bolstered by the addition of the Los Gatos Silver Mine to their portfolio earlier this year, while the rising price of silver skewed equivalent production figures, reducing equivalent ounce production results by approximately 400,000 ounces.
Scottie Resources Hits 8.37 g/t Gold Over 8.45 Metres At Blueberry Zone, Completes Bulk Sample
Scottie Resources (TSXV: SCOT) this morning released assay results from their 2025 exploration program focused on the Blueberry Contact within their flagship Scottie Mine project. High grade gold continues to be intersected at the zone, particularly within the BB Vein. Highlights from the results include: “Overall, the frequency of high-grade intercepts with meaningful widths has […]
Torex Gold Posts Q3 Production Of 119,034 Ounces Gold Equivalent
Torex Gold (TSX: TXG) this morning reported Q3 production of 119,034 ounces of gold equivalent from their Morelos Complex in Mexico. The figure represents production from the ELG open pit and underground operations, as well as from the Media Luna underground operations. Broken out, production amounted to 95,058 ounces of gold, 485.2 thousand ounces of […]