BHP says costs at Jansen potash project up, first production pushed back to mid-2027
BHP Group Ltd. says the cost of the first phase of its Jansen potash project in Saskatchewan is going to be more expensive than earlier expectations.
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Economics
Trump’s tariffs threaten to take the fizz out of Champagne’s crucial U.S. market
Champagne producers in northeastern France need to find new markets after U.S. President Donald Trump threatened 30 per cent tariffs on EU exports, the chairman of a French industry group said, suggesting Brazil, Southeast Asia and South Africa as options.
Ether-linked stocks jump as crypto coin hits 6-month high
Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high.
China pledges to crack down on illicit exports of rare earths, urges U.S. to lift more trade controls
China’s state security agency says it is cracking down on alleged smuggling of rare earths minerals that it says threaten national security, just weeks after Beijing and Washington agreed to make it easier for American firms to obtain from China those materials, which are critical for manufacturing and computer chip production.
Chevron to proceed with Hess takeover after winning Exxon Guyana legal battle
Chevron to proceed with Hess takeover after winning Exxon Guyana legal battle
Government intervention necessary for Canadian steel industry’s survival: Joly
Industry Minister Melanie Joly says government intervention will be necessary for the Canadian steel industry’s survival, as U.S. tariffs continue to threaten it.
Canada and New Zealand resolve dairy trade dispute, Canada says
Canada and New Zealand have reached a “mutually satisfactory” resolution to a long-running dispute over access for dairy products, the Canadian government said in a statement on Thursday.
Economic uncertainty cannot be new norm, says Canada at G20
Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada’s finance minister said on Thursday.
Bank of Canada, Crown corporations set to align with Liberal cost-cutting plans
The Bank of Canada and most other federal Crown corporations will be looking to trim their budgets alongside a wider government effort to cut costs.
Indigenous groups challenge fast-track mine and energy projects
Canadian Indigenous groups say new laws passed to fast-track energy and mining projects undermine their constitutional rights and violate the government’s obligations to Indigenous people.
Eliminating interprovincial trade barriers would add 30,000 annual housing starts: CMHC
A new analysis by the national housing agency estimates Canada could add 30,000 more housing starts annually by eliminating interprovincial trade barriers.
PepsiCo expects smaller drop in annual profit on U.S. soda demand, weaker dollar
PepsiCo said on Thursday that it was expecting a smaller drop in annual profit, helped by a rebound in demand for its energy drinks and healthier soda brands in the United States as well as benefits from favorable foreign exchange rates.