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Carney Cuts Gas Tax But Canadians May Still Be Paying More

Prime Minister Mark Carney’s gas-tax break is real on paper, but the immediate savings for drivers may be far less visible than expected because the federal tax suspension begins just as more expensive summer gasoline arrives and crude markets lurch higher again. Ottawa announced that it would suspend the full federal excise tax on gasoline […]

Tesla Reportedly Avoided U.S. Taxes by Shifting $18 Billion in Profits Offshore

Tesla (NASDAQ: TSLA), the electric vehicle giant, has reported zero federal tax liability in the United States for each of the last twenty years, except 2023, despite generating U.S. revenues of $264 billion over the past two decades. A detailed analysis conducted by Reuters reveals the company likely saved over $400 million in U.S. taxes […]

Canada’s March Inflation Heats Up to 2.4%

Canada’s inflation rate accelerated to 2.4% in March as a war-driven gasoline shock pushed consumer prices sharply higher, lifting headline CPI from 1.8% in February even as the result still came in below economist expectations for 2.6%. On a monthly basis, the consumer price index rose 0.9%, also below the 1.1% median forecast, but still […]

B2Gold Expects Goose Mine Fire To Cost $10 Million In Repairs, Q2 Production Impact Expected

B2Gold Corp (TSX: BTO) has begun navigating the aftermath of a localized fire at its Goose Mine crushing circuit, outlining a recovery plan that relies on temporary mobile equipment to keep the flagship Nunavut project moving. The fire, which broke out on the evening of April 16, was confined to the crushing area. While the […]

Agnico Eagle Bets $3.7 Billion to Sweep Up Finland’s Gold Belt In Mega Deal

Agnico Eagle Mines (TSX: AEM) is placing a massive bet on the frozen ground of Northern Finland, launching a three-pronged acquisition strategy to consolidate one of the world’s most promising gold districts. The Toronto-based miner announced Monday a series of definitive agreements to take over the Central Lapland Greenstone Belt, a move that effectively turns […]

Bulgaria Gave Its Russian-Leaning New PM A Decisive Mandate

Bulgaria’s recent parliamentary election produced the country’s strongest political mandate in years, with former president Rumen Radev’s Progressive Bulgaria taking 44.7% of the vote after 91.68% of ballots were counted. The win trails the runners-up GERB at 13.4% and the reformist We Continue the Change-Democratic Bulgaria bloc at 12.9%. Sunday’s vote is the latest in […]

Canada Pours $25M On Batteries AI And Micro-Reactors

Ottawa is putting nearly $25 million behind 14 advanced manufacturing projects, with industry adding $38 million, for a combined investment of more than $62.7 million as the federal government pushes to turn industrial R&D into exportable commercial output. The package spans battery materials, AI-driven packaging, automation, satellites, healthcare manufacturing, quantum photonics, and rare-earth processing. Among […]

Ukraine Strikes Tuapse Oil Refinery for Second Time in Four Days, Killing at Least One

Ukrainian drones struck the tank farm at Russia’s Tuapse oil refinery and export terminal overnight, leaving at least one dead and setting several storage tanks alight — Kyiv’s second hit on the Black Sea facility in less than a week. Krasnodar Governor Veniamin Kondratyev confirmed the strike at the Tuapse seaport, with fires reported at […]

UAE Threatens Yuan Oil Trade if US Denies Dollar Lifeline as Iran War Drains Reserves

The United Arab Emirates has opened talks with Washington about a dollar liquidity backstop — and warned that without one, it may shift oil and gas transactions to Chinese yuan, according to the Wall Street Journal. Central Bank Governor Khaled Mohamed Balama brought the proposal to Federal Reserve officials and Treasury Secretary Scott Bessent in […]

BREAKING: Preliminary Magnitude 7.4 Earthquake Strikes Off Northern Japan, Tsunami Warning Issued

A preliminary magnitude 7.4 earthquake struck off the coast of Iwate Prefecture in northeastern Japan on Monday afternoon, prompting the Japan Meteorological Agency to issue tsunami warnings for three northern prefectures and order millions of residents to evacuate immediately. The quake hit at 4:53 p.m. local time at a depth of 10 kilometers in the […]