The TSX Venture Exchange once recognized Emerita Resources Corp. as its best-performing stock in 2021, but the mining exploration company now faces legal battles and disputes with its co-founder, former executives, investors, and regulators.
Statistics Canada's Consumer Price Index report for October 19 revealed a 3.1% year-over-year increase in overall prices, up from 3% in August. Energy prices surged 19% compared to the same period last year, driving much of the inflation.
Bank of Canada governor Tiff Macklem adopted a hawkish stance during an interview at an International Monetary Fund meeting, sparking speculation about potential rate hikes to address persistent above-target inflation.
Stelco Holdings Inc., a century-old Canadian steelmaker, is under scrutiny after its U.S. parent company, Cleveland-Cliffs Inc., announced the indefinite idling of its Hamilton plant and layoffs. Industry Minister Mélanie Joly has threatened legal action if Stelco fails to uphold job commitments made under the Investment Canada Act.
Energy and Natural Resources Minister Tim Hodgson declared that the world is entering the largest investment supercycle in the history of the metals and mining industry. He emphasized that critical minerals are now central to global industrial strategies and economic policies.