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Peter Armstrong retweeted
The Canadian government nearly balanced its budget in August, with tax revenue eclipsing government spending. Furthermore, the budget deficit after the first five months of the current fiscal year is roughly half the comparable year-ago level. morningstar.com/news/dow-jon…
Smart stuff from Katie here
Staring down a $40M tariff bill, this American company is suing the Trump Administration to try to end some tariffs on Canada.
cbc.ca/news/world/gellert-gl…
Real gross domestic product (GDP) was essentially unchanged in August. Of the 20 industrial sectors, 9 expanded. This was the second consecutive month where real GDP was essentially unchanged.
I always pay attention when Ron Butler speaks up. Great interview by @LindsBiscaia
Howard Lutnick - deal maker
"Lutnick Throws the Future of U.S.-Mexico Trade Talks Into Further Doubt" share.google/YCB36qc3EcCd3ow…
"A senior Mexican official said that every time both sides get close to a deal, the Trump administration brings up something else that it wants"
There are like 400 hockey games going on but none of them airing on my tv? How does this make any sense
Peter Armstrong retweeted
Fuel from Russia, fertilizer from Belarus, minerals from China. If only there were a better, closer option!
Alas.
Trade deficit didn’t change. But at least prices are down, right? (Spoiler; tariffs pushed up prices)
"Surprising (Almost) No One, the US Trade Deficit Is Back to Pre-Tariff Levels" cato.org/blog/surprising-alm… via @CatoInstitute
If ever there was a week I was glad to subscribe to commodity context - this is it!
Peter Armstrong retweeted
FACT CHECK:
Claim: “We now have under construction 97 new car plants. For 48 years we had none”.
Actual: 1 plant - by EV startup Slate.
In 1978 the US had 55 plants & made 12.8M cars. In 2025 it also had 55 plants & made 10.3M cars.
153 plants would make ~30M cars.
For who?
The goods-producing industries grouping was essentially unchanged in July as increases in construction and utilities were offset by declines in the other sectors comprising the aggregate.
www150.statcan.gc.ca/n1/dail…
Donald Trump wants a deal with China. But his administration scolded Canada for doing the same thing earlier this year.
The US imported $434 CAD billion in Chinese goods last year
Canada imported $90 billion
cbc.ca/news/business/trump-t…
Peter Armstrong retweeted
It's not every morning I log onto Kpler, hit refresh, and then say out loud "wow." This was one of those mornings.
This is such a telling anecdote
Remarkable how much has changed in such a short period of time
Canada’s approach to its natural resources is changing — and one of the country’s biggest miners says the difference is dramatic.
For 10 years, Ammar Al-Joundi says Agnico Eagle couldn’t get anyone from the federal government to attend a mine opening.
Then he got a text on a Sunday morning.
The Agnico Eagle President & CEO says newly appointed Energy and Natural Resources Minister Tim Hodgson personally reached out, introduced himself and asked one simple question: “How can I help?”
For a company investing billions in Canada and employing thousands of Canadians, Al-Joundi calls the shift a “sea change” in how Ottawa approaches resource development.
Is Canada finally getting serious about unlocking its natural resources?
Watch the full episode of In the Money with Amber Kanwar. youtube.com/watch?v=IoZjCT0M…
#Canada #Mining #Gold #Investing #NaturalResources #AgnicoEagle
I think @odognine2 and Goodell might now be best friends after that segment
Peter Armstrong retweeted
For all the investors circling Canadian O&G stocks: Alberta now saying publicly that a new royalty framework to incentivize greenfield production will be announced in the coming weeks to help us double production. 📈
(For all the naysayers: this is what we did for the last oil sands buildout and it worked like a charm and led to the province’s enormous royalty post-payouts today)
Alberta Premier Danielle Smith has hinted the province will announce a new royalty framework this fall to help ensure a West Coast pipeline happens, despite environmental laws already being rolled back. Why isn't that enough?
Smith says royalties "have worked in the past" and a way to ensure the "best investment climate."