Market Turmoil as Middle East Conflict Escalates
Escalating war in the Middle East triggers a sharp decline in global stock markets and a surge in oil prices, raising fears of renewed high inflation and economic instability worldwide.
Category : Business
Gas Prices Surge as Qatar Shuts World's Largest LNG Plant
European gas futures surged over 50% after Qatar halted production at the world's largest LNG export facility following an Iranian drone attack, threatening global energy security.
NorthWest Copper Updates Kwanika Mineral Resource with High-Grade Focus
NorthWest Copper Corp. announces an updated mineral resource estimate for its Kwanika-Stardust Project, highlighting a strategic shift to higher-grade copper and gold. The data will support a Preliminary Economic Assessment targeted for mid-2026.
Two Hospitalized After Crash in Elgin County, Lyons Line Closed
A severe traffic accident in Elgin County has resulted in two individuals being transported to the hospital. Lyons Line remains shut down in both directions as authorities investigate the scene.
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Fatal Pickering Crash Leaves One Dead, Three Hospitalized
A tragic vehicle collision in Pickering, Ontario, has resulted in one fatality and three individuals hospitalized with injuries. Durham Regional Police are investigating the incident.
Osisko Development Resumes Cariboo Gold Project Activities
Osisko Development Corp. announces the phased reopening of its Cariboo Gold Project in British Columbia following a temporary suspension due to a tragic incident in January 2026. The company has implemented enhanced safety measures and resumed multiple si
Energy Prices Surge as Supply Chain Disruptions Rattle Markets
A combination of tanker route disruptions and unexpected facility shutdowns has triggered a sharp increase in global energy prices, impacting markets worldwide and raising concerns over supply stability.
Carney, Modi Reset Canada-India Ties with Trade, Uranium Pact
Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi pledged enhanced cooperation in trade, supply chains, and nuclear energy during Carney's landmark visit to New Delhi, marking a reset after years of diplomatic strain.
Monument Mining Q2 FY 2026: $49.23M Revenue, $20.16M Net Income
Monument Mining Limited announced its second quarter fiscal 2026 results, highlighting a gross revenue of US$49.23 million and net income of $20.16 million. The company saw increased gold production and sales, with cash reserves rising to $82.65 million.
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Foreign Investment May Back New Alberta Pipeline Project
Alberta Premier Danielle Smith indicates state-owned foreign investors might finance a proposed oil pipeline to British Columbia, with analysts noting the necessity of overseas capital for the $20-30 billion project.
Stocks React to Iran Attacks: Airlines Down, Defense Up
Airlines, cruise operators, and hotel stocks fell sharply as Middle East tensions escalated, while energy and defense sectors surged. Delta Air Lines dropped 4%, and Exxon Mobil gained notably.
Saudi Oil Refinery Halts After Drone Attack
Aramco has suspended operations at the Ras Tanura refinery, Saudi Arabia's largest oil facility, following a drone strike. The incident has triggered significant spikes in gasoil futures and crude oil prices, highlighting vulnerabilities in global energy
Iran Conflict Sparks Historic Energy Crisis, Oil Prices Could Surge
The Strait of Hormuz, a critical oil shipping lane, faces disruption amid escalating Iran conflict, potentially driving crude prices above $100 per barrel and creating the biggest energy market crisis in decades.
Asian LNG Market Weakness Impacts B.C. Project Decisions
LNG Canada's Phase 2 expansion and Ksi Lisims LNG face final investment decisions amid Asian market weakness and global supply glut, with analysts suggesting strategic patience.
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Globex Mining Options Gold Properties to Edison Lithium Corp.
Globex Mining Enterprises Inc. has entered an option agreement with Edison Lithium Corp. on its Joutel North-West gold and Gagne gold and copper properties in Quebec. The deal involves $750,000 in cash, $750,000 in shares, and $2,000,000 in exploration ov
Mining Must Prove Value to Communities, Vale CEO Tells PDAC
Vale CEO Gustavo Pimenta told the PDAC conference that the mining industry must improve its reputation and demonstrate community benefits to capitalize on critical minerals demand, with Asia driving copper and gold markets.
Titan Tool Lockout Hits 200 Days in Windsor
The labor dispute at Titan Tool & Die in Windsor, Ontario, has now stretched to 200 days, with workers maintaining their picket line amid ongoing negotiations and community support.
Thomson Reuters Names Former Dell Exec Bischoping as CFO
Thomson Reuters has announced the appointment of a former Dell executive, Bischoping, as its new Chief Financial Officer, marking a strategic leadership change for the global information and news company.
Quebec Bookstores Thrive as Sales Surge
Independent bookstores in Quebec, including Montreal's Librairie Drawn & Quarterly, are experiencing a significant rise in sales, benefiting local businesses and reflecting a cultural shift toward reading.
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Foremost Clean Energy Starts 2026 Winter Drilling at Hatchet Lake
Foremost Clean Energy Ltd. has begun its winter diamond drill program at the Hatchet Lake Uranium Project in Saskatchewan, targeting uranium mineralization continuity and structural controls.
Cameco Signs $2.6B Uranium Deal with India
Canadian uranium giant Cameco Corporation has finalized a landmark $2.6 billion agreement to supply India with 11,000 tonnes of reactor fuel from 2027 to 2035, marking a significant reset in bilateral relations.
Oil Could Hit $100 as Iran Conflict Threatens Key Shipping Lane
Escalating Middle East tensions threaten the Strait of Hormuz, a critical oil chokepoint handling 30% of global seaborne crude, potentially triggering the biggest energy crisis in decades and pushing oil prices to $100 per barrel.
Ottawa's Population Boom: Housing Strategy for 2051 Growth
Ottawa's population is projected to increase by 530,000 residents by 2051, prompting debates on urban intensification versus expansion to meet housing and employment needs.
Ardena Appoints Paul Edwards as Chief People Officer
Ardena, a pharmaceutical CDMO and bioanalytical CRO, has named Paul Edwards as Chief People Officer. He will lead global people strategy to support the company's expansion in precision medicines.
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Collective Metals Plans First Drill Program at Rocas Uranium
Collective Metals Inc. has finalized plans for its inaugural drill program at the Rocas Uranium Project in Saskatchewan, targeting shallow, high-grade uranium mineralization with a fully funded 1,200-1,500 meter campaign.
Barrie Police Report Surge in Tax Scams During Filing Season
Barrie police are warning residents about a significant increase in tax-related scams as Canadians file their returns. Authorities urge vigilance against fraudulent calls and emails.
Hudbay Minerals Buys Arizona Sonoran in $1.48B Stock Deal
Hudbay Minerals Inc. has finalized a major acquisition of Arizona Sonoran Copper Co. Inc. in an all-stock transaction valued at approximately US$1.48 billion, marking a significant consolidation in the mining sector.
Saudi Arabia Halts Ras Tanura Refinery Operations
Saudi Arabia has temporarily suspended some operations at its massive Ras Tanura oil refinery, a critical global supply hub, as regional conflicts escalate following U.S.-Israel strikes on Iran.
Rio Grande Gold-Copper Project Sees Major Resource Increase
Aldebaran Resources and Centauri Minerals announce a significant updated mineral resource estimate for the Rio Grande gold-copper project in Argentina, revealing substantial increases in gold, copper, and silver resources.
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High-Grade Gold Intersections Found at Juby Gold Project
McFarlane Lake Mining announces significant gold discoveries at its Juby Gold Project in Ontario, including 95.4 meters at 1.36 g/t gold, with plans to expand drilling operations.
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