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Justin Trudeau’s authorities hasn’t even issued its first budget yet. But Michael Gravelle said he is already “very encouraged” it’ll play a powerful role in growth and development of Ontario’s “Ring of Fire” mineral belt. “I’m feeling very tolerant of the federal government role coming forward with the Ring of fireside,” Gravelle, Ontario’s minister of northern development and mines, said ...

Junior miners almost never dive right in into successful producers with large-scale operations and happy shareholders. But Stornoway Diamond Corp., which is on the right track to create Quebec’s first diamond mine into production this year, showed it truly can be done, even in a tough market. Unfortunately, it might be pretty difficult to replicate the Stornoway model. It required ...

The commodity slaughter of the last five years has left very little metal unscathed. Almost. There is really a notable exception. Little-known lithium has been a solid performer for the last several years, and has simply skyrocketed recently due to expectations of soaring demand from electric vehicles and market distortions in China. “You could argue it’s done better than anything,” ...

The ranks of would-be special purpose acquisition companies within the Canadian market have been reduced by one with the news that Avingstone Acquisition Corp. has “withdrawn” its prospectus. The scorecard now reads this way: filings have been made for seven SPACs, five have raised capital; the first is still in the market and one has been withdrawn. SPACs are new ...

OTTAWA – As the Canadian economy entered 2016 with a little more oomph than anticipated, consumers still appear reluctant to open their wallets and start spending more – a sign that many are involved about employment at a time when the country’s unemployment rates are running at a two-year high. Given that uncertainty, it’s not surprising that Canadians continue to ...

Even if Saudi Arabia wins its struggle with U.S. shale producers over share of the market, it will face a new billion-barrel adversary. Natural gas prices may plunge below $1 on ‘insane’ storage glut not seen in 18 years A lukewarm winter and record gas storage are conspiring to bring Canadian gas prices down, and such affordable prices could force ...

The mantra in mining has more often than not been bigger is better. Miners, especially in the bulk commodity space, are continually trying to maximize production from their operations in an effort to gain scale and lower costs. The downside of that strategy is becoming apparent in the last couple of years, as it can certainly result in massive oversupply ...

WASHINGTON – U.S. employment gains surged in February, the clearest sign yet of labour market strength that could further ease fears the economy was heading into recession and permit the Federal Reserve to gradually raise interest rates this season. Nonfarm payrolls increased by 242,000 jobs recently, the Labor Department said on Friday. The unemployment rate held at an eight-year low ...