Prime Minister Justin Trudeau said Canada could use tariffs to fight any “increased pressure” of steel dumping into Canada aimed at circumventing new U.S. restrictions.The tariffs Donald Trump unveiled last week could prompt steel to be shipped instead through Canada to skirt the levies, Trudeau said Tuesday at an ArcelorMittal Dofasco plant in Hamilton, Ontario. The prime minister is...Read More
SummaryBetween 2007 and 2016, Ontario was mired in a prolonged period of economic weakness during which it lost ground compared to the rest of the country on many important economic indicators.This bulletin examines the extent of Ontario's economic weakness during this decade by examining a range of economic metrics.Ontario underperformed the rest of the country in each of the metrics examined in...Read More
MOSCOW — There was a gold rush in Siberia Thursday when the hatch of a cargo plane accidentally flew open upon takeoff — scattering tons of gold bars on the runway, Russian news reports say.An AN-12 plane operated by the airline Nimbus took off for Krasnoyarsk carrying 9.3 tons of gold and other precious metals, said to be worth $368 million, according to a statement from the state Inv...Read More
Maria Ezpeleta was planning to fly to Toronto earlier this month to speak about the impact of mining projects on women when she heard the news: The panel session, on "tackling gender bias" in the mining sector, was called off.In an ironic twist, the discussion of gender bias had been ensnared by #MeToo - the growing movement to stop sexual harassment - because new accusations were surfacing again...Read More
A flurry of new deals announced Monday suggests that mergers and acquisitions among junior mining companies, particularly in the gold space, could be heating up after several slow months.In the biggest mining deal announced so far this year in Canada, the 127-year old Idaho-based Hecla Mining Co. proposed what it estimated as a US$462 million cash-and-share acquisition of Nevada-based Klondex Mine...Read More
Turns out, it may be easier to strike gold by growing green.Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup public, advisers suggested partnering with Newstrike Resources Inc., a Toronto-based firm that had been looking...Read More
The government is spending $1500 billion more per year than they are getting in taxes. They are not borrowing this money; they are printing it. There is no political will to fix the problem. The "Occupy Wall Street" protests are about a protest against the Wall Street bailouts, but also, it's about the 99% wanting more government handouts than they are already getting, and already 43 milli...Read More
There is a 50 year supply of oil in the ground, but only a 13 year supply of silver. This means that if peak oil is true, then peak silver is more true, that we will run out of silver, first. If that happens, you can forget about peak oil, because without silver, we won't have any computers or electronics to be able to go out and explore for, or pump, or deliver, any oil.But wait, see, 10 year...Read More
Canada has one of the most expensive universal health-care systems in the developed world. However, there is an imbalance between the value Canadians receive and the relatively high amount of money they spend on their health-care system. Of particular concern is the fact that Canada has significantly fewer physicians and acute-care beds, and also ranks poorly for the availability of important medi...Read More
Collectively, the central bank sector claims to hold the world's largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range.This worldwide central bank group, also known as the official sector, spans central banks (suc...Read More
(Adds quotes, details)LUSAKA, March 20 (Reuters) - Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday.Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the me...Read More
Investing.com - Gold prices fell on Friday to settle at their lowest level in two weeks as the dollar remained supported by expectations for a rate hike at the upcoming Federal Reserve meeting this week.Gold futures for April delivery settled down 0.27% at $1,314.20 on the Comex division of the New York Mercantile Exchange. It was the lowest close since March 1. For the week, prices were down 0.88...Read More
(Adds US stock index futures, updates prices)* Stocks waver after three days of losses* World stocks set for weekly loss despite record inflows* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eased on Friday as...Read More
* World stocks waver after three days of losses* European shares livened up by dealmaking, set for weekly loss* Mueller investigation adds to U.S. political worries* White House shake-up reports weigh on dollar* Weaker dollar lifts copper prices, oil edges up* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Danilo MasoniMILAN, March 16 (Reuters) - World stocks wavered and the dollar eas...Read More
(Adds company news items and futures)March 15 (Reuters) - Britain's FTSE futures FFIc1 were flat ahead of the cash market open on Thursday.* SHELL: Royal Dutch Shell RDSa.L Chief Executive Ben van Beurden saw his total remuneration in 2017 rise to 8.9 million euros ($11 million) from 8.6 million the previous year. JUST GROUP: Annuity provider Just Group JUSTJ.L posted a record 35 percent rise in 2...Read More
March 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points higher at 7,135 on Thursday, according to financial bookmakers.* SHELL: Royal Dutch Shell RDSa.L is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first company to supply LNG to the area. GLENCORE: Glencore Plc GLEN.L , the world's bigg...Read More
* LME/ShFE arb: LME zinc stocks up nearly 60 pct since March 3* Nickel hits two-week high above $14,000/T (Adds news of industrial action and closing prices)By Pratima DesaiLONDON, March 14 (Reuters) - Zinc prices slipped on Wednesday as inventories in London Metal Exchange-approved warehouses climbed, but support came from expectations of stronger demand in top consumer China.Benchmark zinc CMZN3...Read More
* World equity index down 2nd day but Europe, U.S. futures up* Trump seeking tariffs of up to $60 bln on Chinese goods-sources* Tariff threat overshadows strong China factory, investment data* Trump fires Tillerson, raising prospect of political uncertainty* Dollar stuck near one-week low, bond yields down (updates throughout)By Sujata RaoLONDON, March 14 (Reuters) - Shares were under pressure for...Read More
* World equity index further off one-month high as Asian markets fall* Trump seeking tariffs of up to $60 bln on Chinese goods-sources* Tariff threat overshadows strong China factory, investment data* Trump fires Tillerson, raising prospect of political uncertainty* Dollar stuck near one-week low, bond yields down (Updates prices throughout, changes dateline, quotes)By Sujata RaoLONDON, March 14 (...Read More
* LME/ShFE arb: GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl (Adds closing prices, India steel, technicals)By Zandi ShabalalaLONDON, March 13 (Reuters) - Aluminium prices inched higher on Tuesday on speculation China may sustain supply cuts after winter production curbs expire in two days.Benchmark aluminium on the London Metal Exchange CMAL3 ended 0.6 percent higher at $2,103 per tonne, a...Read More