Recent News

Canada could face bad news today after Trump tweets on unfair trade 'decimating' steel sector

January 01, 1970 / business.financialpost.com

The aluminum and steel industry, which affects businesses from beer to cars, reacted to the prospect of steep U.S. tariffs. President Donald Trump is expected to make the announcement on Thursday, and the move could have far-reaching effects. It may benefit U.S. steel producers, but also raises the possibility of retaliation from other countries and higher costs for American shoppers.AK Steel and...Read More

Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week

January 01, 1970 / news.goldseek.com

 CloseGain/LossOn WeekGold $1321.90+$6.60-0.56%Silver$16.51+$0.02-0.06%XAU78.75-0.23%-2.21%HUI172.99-0.16%-2.11%GDM601.93+0.02%-1.94%JSE Gold1107.57+41.26+1.65%USD89.94-0.33+0.02%Euro123.28+0.62+0.24%Yen94.66+0.42+0.95%Oil$61.25+$0.26-3.62%10-Year2.860%+0.053-0.24%Bond144.3125-1.03125+0.13%Dow24538.06-0.29%-3.05%Nasdaq7257.87+1.08%-1.08%S&P2691.25+0.51%-2.04%  The Metals: G...Read More

Gold Seeker Closing Report: Gold and Silver End Slightly Lower but Miners Gain

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1319.60-$2.30Silver$16.43-$0.08XAU79.10+0.44%HUI174.35+0.78%GDM603.42+0.25%JSE Gold1108.17+0.60USD90.00+0.06Euro123.36+0.08Yen94.25-0.41Oil$62.57+$1.3210-Year2.884%+0.024T-Bond143.96875-0.46875Dow24874.76+1.37%Nasdaq7330.70+1.00%S&P2720.94+1.10%  The Metals: Gold gained $5.80 to $1327.70 in Asia before it dropped back to $1317.40 by midafternoon in New...Read More

Frontier markets seek 'larger slice of pie' from miners as metal prices surge

January 01, 1970 / business.financialpost.com

Speaking in front of a crowd of several hundred people in downtown Toronto’s convention centre on Sunday, noted investor Rick Rule sounded a bullish note about mining in the Democratic Republic of Congo.The central African country has been riven by horrific violence, said Rule, chief executive of Sprott U.S. Holdings Inc., but it holds vast deposits of high-grade copper, cobalt and other min...Read More

'I see continued strength in precious metals': Wheaton Precious Metals' Randy Smallwood talks to FP at PDAC

January 01, 1970 / business.financialpost.com

Financial Post’s mining reporter Gabriel Friedman touches base at PDAC with Wheaton Precious Metals CEO Randy Smallwood, and discusses the outlook for gold, other metals, and cryptocurrencies.Read More

'Americas has a ton of potential': Goldcorp's Todd White at PDAC

January 01, 1970 / business.financialpost.com

Financial Post’s mining reporter Gabriel Friedman talks at PDAC 2018 with Goldcorp COO Todd White about the company’s investment in North America, and its recent project in the Yukon.Read More

Pulling out of NAFTA ill-advised in response to U.S. steel tariffs: expert

January 01, 1970 / business.financialpost.com

Canada will take the harshest blows if U.S. President Donald Trump slaps heavy tariffs on foreign imports of steel and aluminum, but any temptation to suspend NAFTA talks in retaliation should be avoided, Canada’s former chief negotiator on the trade agreement said Friday.Putting the NAFTA negotiations on hold pending a resolution of the dispute over steel tariffs would give the U.S. an excu...Read More

Gold Seeker Closing Report: Gold and Silver Gain 1% and 2%

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1333.70+$14.10Silver$16.74+$0.31XAU80.80+2.15%HUI177.86+2.01%GDM615.99+2.08%JSE Gold1140.09+31.92USD89.62-0.38Euro124.10+0.74Yen94.26+0.01Oil$62.60+$0.0310-Year2.884%UNCHT-Bond144.1875+0.0625Dow24884.12+0.04%Nasdaq7372.01+0.56%S&P2728.12+0.26%  The Metals: Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lowe...Read More

'It's speed dating, straight up': PDAC parties abound as world's miners drink and deal in end to lean years

January 01, 1970 / business.financialpost.com

TORONTO — While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making.An upbeat tone at the world’s biggest mining conference comes as global exploration spending snaps a four-year decline, underpinned by a rebound in metals prices and strong global eco...Read More

Gold Seeker Closing Report: Gold and Silver Give Back Much of Yesterday's Gains

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05%  The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into th...Read More

'The risk takers have gone': Junior gold companies irked by bitcoin and cannabis stocks' hotness

January 01, 1970 / business.financialpost.com

On Tuesday morning, Chris Haldane, of Marathon Gold Corp., was looking at the price of gold and looking at his stock price: Gold had climbed US$17 per ounce, but the company stock was barely moving."It just seems like the junior gold space has gone into a pause mode," said Haldane, who handles investor relations for Marathon, and had just issued a press release touting positive drill results for i...Read More

Women live healthier, longer and more independently in countries with higher levels of economic freedom

January 01, 1970 / www.fraserinstitute.org

Economic freedom, the ability of individuals to make their own economic decisions, is key to economic and social progress. Hundreds of academic studies have shown that economic freedom leads to higher rates of economic growth, higher levels of income, increased trust and honesty in government, protection of civil liberties, reductions in poverty, and improvements in health and educational outcomes...Read More

Gold Seeker Closing Report: Gold and Silver Chop Near Unchanged

January 01, 1970 / news.goldseek.com

 CloseGain/LossGold $1322.10-$3.10Silver$16.48UNCHXAU78.97+0.23%HUI173.54+0.07%GDM605.40-0.08%JSE Gold1120.34-17.90USD90.13+0.55Euro123.15-0.98Yen94.15-0.20Oil$60.12-$1.0510-Year2.860%-0.022T-Bond144.6875+0.5625Dow24895.21+0.38%Nasdaq7427.95+0.42%S&P2738.97+0.45%  The Metals: Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the c...Read More

How Mattresses Went Online and How To Profit From Them

January 01, 1970 / avalaresources.com

The idea of selling mattresses online has remained largely ignored for decades, which is not really surprising. If you think about it, shipping these bulky and huge beddings seem like a ridiculous idea with how unwieldy they are. It's not like you can just squish them into a box, ship them off and be done with it. Traditionally, to get mattresses delivered, you'll need to have burly guys carry the...Read More

'Bad policy': Commodity producers push back against calls for Ottawa to intervene in grain backlog

January 01, 1970 / business.financialpost.com

OTTAWA — A coalition of business associations are urging Ottawa not to intervene in a months-long backlog of grain shipments, saying the move would only cause widespread delays for other commodity shippers on Canada’s highly integrated rail system.In a letter obtained by the Financial Post Tuesday, a coalition of seven business associations urged Transportation Minister Marc Garneau to...Read More

The fifth-largest diamond in history sells for $40 million

January 01, 1970 / business.financialpost.com

One of the biggest diamonds found to date has been sold for US$40 million.The 910-carat Lesotho Legend was sold in a tender in Antwerp, Gem Diamonds Ltd. said Tuesday. The company found the stone, which is about the size of two golf balls, at its Letseng mine in the African country this yearWhile it’s the most Gem has yet received for a diamond, other companies have sold for more. Lucara Dia...Read More

Trudeau floats tariffs to prevent flood of steel through Canada

January 01, 1970 / business.financialpost.com

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

Ontario needs more than one year of improved economic growth to make-up for stagnant decade

January 01, 1970 / www.fraserinstitute.org

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

Gold rush in -24 C as $368 million in gold bars falls off plane in Siberia

January 01, 1970 / business.financialpost.com

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

'Ironic twist': #MeToo strikes mining industry in its own way after PDAC scraps panel on women

January 01, 1970 / business.financialpost.com

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

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