Is No One Buying Condos in Toronto Anymore? Q1 Sales Down, Developers Get Desperate
Toronto condo developers are bracing themselves for a downturn as sales dropped year-over-over for the first quarter of 2024. The market may finally be shifting towards buyers, who now have a wider selection of available homes to choose from. According to the Toronto Regional Real Estate Board (TRREB), condo apartment sales saw a modest 5.3% […]
Orbán Welcomes Xi: Chinese Police to Be Deployed in Hungary
Hungarian Prime Minister Viktor Orbán met with Chinese President Xi Jinping on Thursday in Budapest to discuss deepening economic and cultural ties between the two nations. The visit, which concluded Xi’s five-day European tour, resulted in the signing of 18 agreements focused on joint infrastructure projects and cooperation in various sectors. One notable aspect of […]
Marc Miller Announces Plan to Reduce Temporary Residents… By Making Them Permanent
Immigration Minister Marc Miller on Friday discussed a plan to limit the number of new temporary residents in Canada with provincial and territorial counterparts. The target is to reduce the proportion of temporary residents from 6.2% of the country’s population in 2023 to 5% over the next three years. Their solution: transition temporary visa holders […]
Gold Buying by Central Banks Goes Underreported, Driving Surge in Prices
In recent weeks, the world has witnessed a spike in the price of gold, catapulting the yellow metal to an all-time high. While much attention has been given to China’s voracious appetite for gold, there’s a significant factor flying under the radar: the substantial buying spree by central banks, largely unreported but undeniably impactful. The […]
Sponsored · Selkirk Copper Mines
Is Elon Musk Using Tesla Data to Help Sell xAI?
After previously claiming that the AI startup, xAI, is not raising funds, Elon Musk’s newest venture is reportedly set to reach an $18 billion valuation upon the closure of its current funding round. According to Bloomberg, which cited unnamed sources, the round could close soon, with xAI expected to raise $6 billion. Sequoia Capital is […]
Biden to Escalate Tariffs on Chinese Goods, EVs Up To 102.5%
US President Joe Biden is set to announce a substantial increase in tariffs on select Chinese goods this week, according to sources familiar with the matter. The measures, to be unveiled at a White House event, are framed as a crucial defense of American workers. After nearly two years of meticulous review, Biden will escalate […]
Alaska Energy Metals Sells Off Mexican Subsidiary, Interest In ASX-Listed Gold Explorer
Alaska Energy Metals (TSXV: AEMC) has strengthened its balance sheet after selling off non-core assets. The company has disposed of its Mexican subsidiary, as well as of its interests in an ASX-listed gold explorer.
Max Resource Options Out Cesar Copper-Silver Project To Freeport-McMoRan For $50 Million In Expenditures
Max Resource Corp (TSXV: MAX) has successfully attracted a mining major to its project in northwestern Colombia. The company this morning revealed that it has entered into an earn-in arrangement with that of Freeport-McMoRan Exploration for its flagship Cesar Copper-Silver project. The arrangement will see Freeport acquire up to an 80% interest in the project […]
Sponsored · Selkirk Copper Mines
PharmaDrug Anticipates Biosynthetic Cocaine Commercial-Scale Production In As Little As 12 Months
PharmaDrug Inc (CSE: PHRX) has established a strategic plan to push forward with its intent to support safe supply programs through the use of its patent pending novel manufacturing method for the commercial-scale production of biosynthetic cocaine.
Canada Nickel Reports Recoveries Of Up To 59% Nickel From Mann Property Samples
Canada Nickel Company (TSXV: CNC) has completed the first round of metallurgical test work on samples from its Mann Northwest property. Testing was done utilizing the flowsheet designed for the nearby Crawford Nickel Sulphide project. The metallurgical testing consisted of two open circuit tests on samples with head grades of 0.29% and 0.30% nickel. Nickel […]