Canada

Canadian rapper Drake is backing his home country with a large bet in the 2024 Copa America tournament. The bet comes with Drake's Team Canada a heavy underdog against Lionel Messi and Argentina. What Happened: No stranger to betting on sports, Drake has placed a $300,000 wager in Bitcoin (CRYPTO:...

Canadian miner Silvercorp Metals‘ (AMEX:SVM) planned acquisition of Adventus Mining (OTC:ADVZF), an Ecuadorian copper-gold exploration company, has encountered a potential roadblock due to a legal challenge regarding the environmental permit for Adventus’ key El Domo copper project....

The Canadian government approved Glencore‘s (OTCPK: GLCNF) acquisition of Teck Resources (NYSE:TECK) metallurgical coal business Elk Valley Resources (EVR) for more than $6.93 billion. The deal is expected to close on July 11, with Glencore acquiring a 77% stake in the British Columbia-based...

Canadian miner First Quantum Minerals (OTC:FQVL) will initiate formal arbitration proceedings against Panama in July over the closure of the Cobre Panama mine last November. With 3.0 billion tons of proven and probable reserves, Cobre Panama is one of the largest new copper mines opened globally in...

Lundin Mining (OTC:LUNMF) announced a $350 million investment to boost its ownership in the Caserones copper-molybdenum mine in Chile to 70%. After acquiring control of the mine in March 2023, the Canadian miner is now exercising a right to expand its stake, boosting its copper and rare metal...

Unifor, the Canadian workers’ union, announced that its members at Bombardier Inc. (OTC:BDRXF) (OTC:BOMBF) will persist with their strike following the business-jet manufacturer’s rejection of what it termed a final offer. “Both the union and the company will remain at the...

Alex Wylie is the driving force behind Volt Lithium (OTC:VLTLF). The company specializes in sourcing a key metal for the green energy transition. "I always thought I'd like to be the CEO of an international company,” Wyle tells Benzinga. “That's why I got my CPA. You need to understand...

Editor’s Note: This article has been corrected to note that Canada Nickel’s Crawford property ranks second in the world, behind one in Russia and ahead of three in Indonesia. WASHINGTON — A nickel mining district in southeastern Canada may one day rival Indonesia as the world's largest...

Canada is considering imposing tariffs on Chinese-made electric vehicles in line with recent moves by the U.S. and the European Union. This decision, if implemented, could significantly impact the global EV market. What Happened: The Canadian government, led by Prime Minister Justin Trudeau, is...

In a groundbreaking move, investment fund manager 3iQ Corp has announced plans to launch North America’s first Solana (CRYPTO: SOL)-based exchange-traded product (ETP) in Canada. What Happened: Toronto-based 3iQ said it filed a preliminary prospectus with the regulatory authorities in all of...

Agnico Eagle Mines (NYSE:AEM) has a new plan to increase gold production at Detour Lake in Ontario. What Happened: The company aims to boost production to an average of one million ounces per year over a 14-year period. Agnico plans to start in 2030 as part of its newly released 2024 life-of-mine...

Snowline Gold Corp. (OTC:SNWGF) published a highly anticipated initial assessment for its Valley deposit within the Rogue project in Yukon Territory, Canada. This result presents a significant milestone for the company and positions the project as one of the richest in the region. The initial...

Canadian miner Nevada Copper (OTC:NEVDF) filed for Chapter 11 bankruptcy on Monday despite soaring copper prices. The company, burdened by operational setbacks and financing challenges, has secured a commitment from Elliott Investment Management, an activist investor with a strong interest in the...

Energy and Natural Resources Minister Jonathan Wilkinson announced an expansion of Canada's critical minerals list on Monday, adding high-purity iron, phosphorus, and silicon metal to the existing 31 minerals. This update aims to enhance Canada’s economic future and energy transition by...

The Bank of Canada announced on Wednesday a 25 basis point reduction in interest rates, marking the first cut since March 2020, as widely anticipated by market participants. Consequently, the benchmark overnight rate and the deposit rate have been lowered to 4.75%, while the Bank Rate is now at 5...