Canada

The Bank of Canada (BoC) reduced its key policy rate by 25 basis points to 4.25% on Wednesday, marking the third consecutive rate cut since June. The move was widely anticipated by market participants as inflation and the labor market continued to show signs of slowing. The Canadian economy grew...

In a recent development, China has declared its intention to conduct an anti-dumping probe into canola imports from Canada. What Happened: This decision comes in the wake of Canada’s move to impose tariffs on Chinese electric vehicles, leading to a significant rise in domestic rapeseed oil...

American EV giant Tesla Inc. (NASDAQ:TSLA) reportedly requested the Canadian government for a tariff reduction on its vehicles before it imposed a 100% tariff on China-made EVs this week. What Happened: The Canadian government announced on Monday that it would levy 100% tariffs on all EVs...

In a recent development, China’s state media has criticized Canada’s decision to impose 100% import tariffs on Chinese electric vehicles (EVs), describing it as a self-inflicting move. What Happened: The Global Times, a daily tabloid owned by Xi Jinping‘s Chinese Communist Party,...

Volt Lithium (OTC:VLTLF) has announced the deployment and installation of its first Field Unit in the Permian Basin, Texas. After over a year of discussions with major oil companies in the region, this development represents a major milestone for the company. "Our team is thrilled to share that we...

The Chinese Embassy in Canada has voiced strong objections to Canada’s decision to impose a 100% tariff on Chinese electric vehicles. The embassy has rejected Canada’s claims of “overcapacity” in China’s electric vehicle industry, describing them as “groundless...

The Canadian government has stepped in after a labor contract dispute brought the country's railway network to a halt. The stoppage, which began on Thursday, involved Canada’s major railways – Canadian National Railway and Canadian Pacific Kansas City – and threatened to cause...

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in container freight rates by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert. “With the looming strikes at Canadian railways and...

Convenience store chain 7-Eleven could soon be part of the largest takeover of a Japanese company if a buyout offer is approved and history is made by one of the largest Canadian public companies. What Happened: Canadian convenience store owner Alimentation Couche-Tard Inc (OTC:ANCTF) has proposed...

Gold Fields (NYSE:GFI) is acquiring Canadian Osisko Mining (OTC:OBNNF) for $1.57 billion in cash. This acquisition gives the South African-based miner full ownership of the Windfall Project in Quebec, one of the developing highest-grade gold deposits. "We are pleased to consolidate the remaining 50...

Electric vehicle giant Tesla Inc. (NASDAQ:TSLA) has reportedly launched its Cybertruck in Canada after a long wait, with a starting price of C$137,990 ($100,573) on the foundation series. What Happened: Tesla has started sending out emails to reservation holders in Canada starting Thursday,...

Editor’s note: This story has been updated to correct the spelling of the country Guyana. Owing to its rich mineral resources, a developed capital market, and government support, Canada is an attractive jurisdiction for junior miners such as Northern Superior Resources (OTC:NSUPF). Benzinga...

NexGen Energy (NYSE:NXE) has announced that construction costs for its Rook I uranium project in Saskatchewan have soared nearly 70% above the previous estimate from 2021. The updated capital cost now stands at $1.6 billion, up from around $950 million, showcasing the challenge of domestic uranium...

Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will...

Editor’s Note: This story has been updated to reflect the correct spelling of the steer-by-wire system. EV giant Tesla Inc (NASDAQ:TSLA) said on Saturday that it is still aiming to start selling its stainless steel Cybertruck in Canada this year. What Happened: “I shall come,”...