The U.S. military has made its largest move so far in a novel national-security effort to fund mining initiatives in Canada. The Pentagon on Tuesday announced a $20 million US grant to create a cobalt refinery in northern Ontario’s Temiskaming Shores. The money will go to the Toronto-based Electra Battery Materials Corporation; the government of Canada is adding … Read more
Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent. The declines were just the latest … Read more
The nearly two-decade-long oil pipeline saga surrounding the failed Keystone XL pipeline is nearing an end, as Calgary-based TC Energy has lost its bid to recoup $15 billion from the U.S. government. The decision also raises doubts about whether the Alberta government will recover any of its losses as an investor in the project. TC Energy first … Read more
