Canada invests $400M in Teck Resources to boost critical minerals output

The post Canada: Trade surplus widens as investment rises – RBC appeared on BitcoinEthereumNews.com. Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canada’s merchandise trade surplus increased to $4.2 billion in May from $3.4 billion in April, as exports grew and imports slipped. They highlight weaker energy price support, falling export volumes, and rising industrial machinery imports as signs of shifting demand and improving business investment within an uncertain trade environment. Surplus grows as volumes soften “Canada’s merchandise trade surplus widened to $4.2 billion in May from $3.4 billion in April (revised upward from $2.7B), as exports rose 0.9% while imports declined 0.2%.” “Still, monthly trade data are heavily influenced by commodity prices and individual product categories, making it important to look beyond headline values when assessing underlying conditions.” “Export volumes excluding price effects fell 0.5% in May, providing a clearer rea

South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.

The Hermosa mine's approval could reshape US mineral independence, impacting battery production and industrial supply chains amid environmental concerns. The post Trump administration set to authorize South32’s massive Arizona mine in critical minerals push appeared first on Crypto Briefing.

The eased inflation outlook may stabilize Canada's economic environment, potentially influencing monetary policy and business investment decisions. The post Bank of Canada survey shows eased inflation outlook as firms breathe easier after Iran ceasefire appeared first on Crypto Briefing.

The deal underscores a strategic shift in tech infrastructure, enhancing Canada's AI capabilities while ensuring data sovereignty and security. The post BCE Inc. inks major AI infrastructure deal, and a former Bitcoin miner is at the center of it appeared first on Crypto Briefing.

The decision introduces prolonged uncertainty, potentially affecting economic stability and future trade negotiations in North America. The post US declines to renew USMCA trade pact with Canada and Mexico, adding uncertainty to $1.6 trillion trade corridor appeared first on Crypto Briefing.

Crypto's growing presence in global sports highlights potential for increased brand visibility, despite ongoing regulatory and reputational challenges. The post Canada’s World Cup run ends, but crypto’s FIFA play is just getting started appeared first on Crypto Briefing.

Canada's World Cup exit underscores the challenges of sustaining sports ambitions amid shifting sponsorship landscapes, notably in crypto. The post Canada’s World Cup exit highlights the growing gap between sports ambition and crypto’s retreat from global sponsorships appeared first on Crypto Briefing.