Commonwealth secretary-general pitches group as 'alternative' to U.S. trade

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Source: CBC Politics
Date: 2026-11-02 09:00:00.0
Tags: [National, Trade, Economy, Industry, Resources, Mining]

Prime Minister Mark Carney is attending the biennial Commonwealth Heads of Government Meeting in Antigua and Barbuda to promote closer economic cooperation and middle-power trade partnerships as an alternative to U.S. markets. Commonwealth Secretary-General Shirley Botchwey announced a goal to double intra-Commonwealth trade from $900 billion to $2 trillion. Canada currently conducts approximately $100 billion in annual trade with Commonwealth partners, which include 56 member states representing a market of 2.7 billion people.

Canada-EU summit will kick off formal talks on closer ties: Carney

Source: Global News Politics
Date: 2026-10-27 17:05:20.0
Tags: [National, Trade, Economy, Labour, Resources, Mining]

Prime Minister Mark Carney is meeting with European Union President Ursula von der Leyen and other EU officials in Montreal for a summit launching formal negotiations on an enhanced alliance and deeper partnership over the next year. The talks follow the 10th anniversary of the Comprehensive Economic and Trade Agreement (CETA) and encompass specialized labour mobility, potential Canadian participation in the Erasmus+ student exchange program, and critical minerals collaboration to reduce reliance on China. Additionally, the European Investment Bank has applied for an exemption from Canadian foreign banking rules to operate domestically as part of the critical minerals framework.

Saskatchewan Calls for Greater Access to Global Energy Markets and the End to the Tanker Ban

Source: Saskatchewan - Government News
Date: 2026-10-27 02:00:00.0
Tags: [Saskatchewan, National, Energy, Trade, Resources, Economy]

The Government of Saskatchewan has officially announced its support for Bill C-264, introduced by the Conservative Party of Canada, which calls on the federal government to end the marine oil tanker ban on the north coast of British Columbia. Premier Scott Moe and Energy and Resources Minister Chris Beaudry stated that removing this legislative barrier would increase Western Canadian energy export capacity, diversify trade toward Asian markets, reduce transit times and shipping costs, and help narrow the price discount for Western Canadian Select heavy oil.

'Ideal outcome,' minister says as Yukon's Eagle gold mine set to be sold for $140M

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-22 20:34:22.0
Tags: [National, Mining, Resources, Environment, Economy]

Singapore-based Boroo Pte. Ltd. has signed an agreement with the mine's receiver, PricewaterhouseCoopers, to acquire the troubled Eagle gold mine in central Yukon for $140 million and committed to spending $1.5 billion to restart operations and perform cleanup work. The transaction follows a disastrous heap leach facility failure at the site owned by Victoria Gold Corp. in 2024 that spilled toxic cyanide into the environment and triggered intensive remediation efforts partially funded by a $220 million loan from the Yukon government. Subject to court approval expected by the end of the year, Boroo will pay $40 million in upfront cash, take over all remediation and site stabilization work from 2027 to 2029, and fully repay the territorial government for its emergency cleanup expenses.

Effort to restart Con Mine discussed at Yellowknife town hall

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-22 16:17:16.0
Tags: [National, Mining, Resources, Environment, Economy]

Gold Terra Resource Corp. CEO Gerald Panneton hosted a town hall in Yellowknife to discuss aggressive timelines for restarting gold mining operations at the historic Con Mine site, driven by gold prices exceeding $4,000 USD per ounce. The company aims to secure a permit by 2027, followed by 12 to 16 months of construction, targeting a production threshold of 1 million ounces to support a mine life exceeding 20 years. Public concerns raised at the event focused on localized impacts, including energy consumption via liquefied natural gas, workforce housing, arsenic pollution legacy risks, and exploratory drilling at Tin Can Hill and Walsh Lake.

Carney lands in Turkey for meetings with Erdogan, business leaders

Source: Global News Politics
Date: 2026-10-22 12:12:49.0
Tags: [National, Trade, Economy, Energy, Resources, Governance]

Prime Minister Mark Carney arrived in Ankara, Turkey, for a three-day official bilateral visit alongside Foreign Affairs Minister Anita Anand and Natural Resources Minister Tim Hodgson to deepen political, energy, and economic ties. Canada and Turkey currently engage in approximately $4 billion in annual trade and formally launched negotiations for a free-trade agreement on the sidelines of the NATO summit earlier in the year. The delegation's talks focus on diversifying trade beyond the United States and securing global investors for infrastructure and energy projects, following meetings with Turkish President Recep Tayyip Erdogan and business leaders in Istanbul.

Alberta referendum a notable chapter in long history of grievance with Ottawa

Source: Global News Politics
Date: 2026-10-20 09:19:12.0
Tags: [Alberta, National, Governance, Energy, Resources, Economy]

In an Alberta referendum where residents voted on 10 government-initiated questions, approximately 76 per cent of voters chose to remain in Canada rather than proceed to a binding referendum on leaving Confederation. The historic vote brought to a head nearly a century of grievances with the federal government, stemming from historical disputes including the Canadian Wheat Board monopoly established in 1935, Pierre Trudeau's National Energy Program (NEP) in the 1980s, the rise of the Reform Party under Preston Manning, pandemic-era public health restrictions, and modern federal policies such as Bill C-69 (Impact Assessment Act), Bill C-48, and the federal carbon tax.

Judge orders court-appointed officers to lead sale of Baffinland's assets

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-16 19:31:21.0
Tags: [National, Mining, Economy, Resources, Justice]

An Ontario Superior Court judge ruled that independent, court-appointed officers will lead the sale of debt-stricken Baffinland Iron Mines Corporation's assets, siding with lenders and federal agencies such as Export Development Canada over the company's shareholders. Baffinland, which operates the Mary River Iron Mine on North Baffin Island in Nunavut, accumulated $2.6 billion in debt and sought creditor protection while facing potential closure. The mine represents a critical economic anchor for the territory, employing 1,200 workers and accounting for approximately 25 percent of Nunavut's GDP.

N.W.T. industry minister makes case for new federal mining incentives

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-15 10:00:00.0
Tags: [National, Mining, Resources, Taxation, Industry, Economy]

Northwest Territories Minister of Industry, Tourism and Investment Caitlin Cleveland lobbied the federal government in Ottawa to enact two new mining incentives: a 15 per cent stackable North of 60 Mineral Exploration Tax Credit for the three northern territories, and the inclusion of zinc as an eligible mineral under the 30 per cent clean technology manufacturing investment tax credit. Cleveland and N.W.T. and Nunavut Chamber of Mines CEO Paul Hébert argued these credits are essential to counter stiff global competition and revive northern mining activity amid closing diamond mines. Proponents of the PC Silver and Pine Point mines indicated that adding zinc to the clean technology tax credit would unlock projects capable of generating 1,000 construction jobs and 600 operational positions.

AI-driven project to modernize New Brunswick forestry getting $50M boost from Ottawa

Source: New Brunswick - Regional News
Date: 2026-10-14 20:19:53.0
Tags: [New Brunswick, National, Economy, Resources, Technology, Industry]

The federal government is committing up to $50 million to help build the New Brunswick Strategic Innovation Centre in Digital Forestry. The total $86 million project, led by the Northern Hardwoods Research Institute in collaboration with ResearchNB and the provincial Department of Natural Resources, will use artificial intelligence and digital tools to better track wood supply, optimize logistics, and reduce empty truck miles. Forestry currently supports approximately 24,000 jobs in New Brunswick and contributes roughly $1.5 billion annually to the provincial economy.

Provinces call on Ottawa to expand mining credit

Source: Global News Politics
Date: 2026-10-10 12:17:12.0
Tags: [National, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, Taxation, Economy, Resources, Mining, Finance]

Nearly half of Canada's provinces and territories—specifically Nova Scotia, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon—are urging the federal Liberal government to fulfill its 2025 election promise to expand the mineral exploration tax credit to include engineering and feasibility study costs. The Association for Mineral Exploration and the Nunavut and N.W.T. Chamber of Mines argue this measure is crucial to help junior mining companies navigate the late-stage 'valley of death' financing gap. An Ernst & Young report commissioned by the association indicates that covering feasibility and economic viability studies could generate between 14,000 and 34,000 jobs and add $5.2 billion to $12.2 billion in GDP over 10 years. While Finance Minister François-Philippe Champagne's office highlighted recent federal initiatives such as the Productivity Mega Deduction and the Critical Mineral Exploration Tax Credit, federal expenses under the Canadian exploration expenses framework still exclude economic assessments and feasibility studies.

Sale of Baffinland's assets should be run by an independent officer, feds argues

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-09 21:52:54.0
Tags: [National, Mining, Resources, Economy, Finance, Justice]

Federal government lawyers and Export Development Canada (EDC) are arguing in the Ontario Superior Court that an independent, court-appointed officer should oversee the asset sale process for Baffinland Iron Mines Corp. Baffinland, which operates the Mary River Iron Mine on northern Baffin Island and employs over 1,200 workers, entered creditor protection in May owing $2.6 billion to 231 creditors and previously secured a $660-million loan from EDC to stay operational. EDC's legal representation argues that Baffinland's current operating committee faces conflicts of interest due to personal financial stakes, whereas Baffinland's counsel opposes the measure as an unprecedented attempt to rewrite contractual terms. Ontario Superior Court Judge Jana Steele has reserved her decision to be delivered in writing at a later date.

Sale of Baffinland's assets should be run by an independent officer, feds argue

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-09 21:52:54.0
Tags: [National, Economy, Mining, Resources, Justice]

Federal government lawyers, representing Export Development Canada (EDC) over a $660-million loan, argued in the Ontario Superior Court that an independent, court-appointed officer should oversee the asset sale of Baffinland Iron Mines Corp. to avoid conflicts of interest. Baffinland, which owns the Mary River Iron Mine on northern Baffin Island and employs over 1,200 workers, has been under creditor protection since May while owing $2.6 billion to 231 creditors. Baffinland's legal representation opposed the move as unprecedented and accused EDC of attempting to rewrite contract terms, leaving Ontario Superior Court Judge Jana Steele to reserve her decision in writing for a later date.

Baffinland asks judge to allow sale of assets to avoid mine closure

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-05 20:07:08.0
Tags: [National, Mining, Economy, Resources, Labour, Indigenous]

Debt-stricken Baffinland Iron Mines Corp. has asked the Ontario Superior Court of Justice to approve the sale of its shares, assets, or the Mary River Mine on northern Baffin Island to prevent liquidation and mine closure. As of May 14, the company owed $2.6 billion to 231 creditors—including a dozen northern businesses and organizations—following creditor protection granted in May and a subsequent $660-million loan from federal Export Development Canada. The company's financial crisis was partly driven by spending more than $1.5 billion on its failed Phase 2 railway expansion proposal, which was rejected by the federal government after opposition from north Baffin communities. The potential liquidation threatens the loss of over 1,200 jobs at one of Nunavut's largest private sector employers, with a court appearance scheduled before an Ontario judge.

Mountain Province Diamonds announces exit from N.W.T.'s Gahcho Kué mine

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-01 20:24:25.0
Tags: [National, Mining, Resources, Economy, Industry]

Toronto-based Mountain Province Diamonds announced it is relinquishing its 49 per cent ownership share in the Gahcho Kué diamond mine in the Northwest Territories, transferring full control to De Beers Canada. The restructuring agreement releases Mountain Province from all financial obligations and liabilities related to the mine while retaining an option to regain a future ownership stake. The exit follows a material decline in global diamond prices driven by tariff-related uncertainty and Middle East conflicts, which led Mountain Province to voluntarily delist from the Toronto Stock Exchange. Gahcho Kué remains the Northwest Territories' last operating diamond mine following the earlier closures of Rio Tinto's Diavik mine and the Ekati mine, with a planned closure timeline set for 2028.

Carney set to make energy announcement in Vancouver

Source: Global News Politics
Date: 2026-09-29 17:34:43.0
Tags: [National, British Columbia, Energy, Resources, Economy, Infrastructure]

Prime Minister Mark Carney announced a major energy investment in Vancouver following LNG Canada's decision to proceed with the multibillion-dollar Phase 2 expansion of its liquefied natural gas export terminal in Kitimat, British Columbia. The expansion will double the facility's export capacity from 14 million to 28 million tonnes of LNG per year, making it one of the largest LNG facilities globally. The federal government estimates the project will attract $33 billion in private sector capital and generate over $50 billion in government revenues over its lifetime.

LNG Canada expansion gets go-ahead, as Carney set to highlight 'historic investment' in Canadian energy

Source: CBC Politics
Date: 2026-09-29 11:13:02.0
Tags: [National, British Columbia, Energy, Environment, Resources, Economy]

Shell Canada Energy confirmed a final investment decision to move forward with the multibillion-dollar LNG Canada Phase 2 expansion in Kitimat, British Columbia. The expansion project involves a joint venture including Shell Canada Energy, Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas Corp. The development is projected to roughly double the production and export capacity of liquefied natural gas from 14 million to 28 million tonnes annually. Prime Minister Mark Carney highlighted the development as a historic investment in Canada's energy sector, though environmentalists and critics raised concerns regarding increased natural gas extraction emissions, fracking-induced earthquakes, and climate impacts.

The ins and outs of the Yukon's biggest proposed mine

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-09-23 12:00:00.0
Tags: [National, Mining, Resources, Environment, Indigenous, Economy]

Western Copper and Gold and the Casino Mining Corporation are proposing the Casino mine project in the Yukon, located between Carmacks and Dawson City, with an estimated 27-year lifespan to extract approximately 4.27 billion pounds of copper, 346 million pounds of molybdenum, alongside gold and silver deposits. The project is projected to create up to 1,400 construction jobs, 700 operational jobs, and contribute roughly $1.3 billion annually to the Yukon economy while generating 25 of the 34 critical minerals designated by Ottawa. However, the project faces major regulatory scrutiny, undergoing its first-ever panel review by the Yukon Environmental and Socio-Economic Assessment Board (YESAB) due to concerns from First Nations and conservation groups over impacts on the Klaza caribou herd, fish, wildlife habitats across five First Nation territories, and risks associated with tailings dams and heap leaching.

Trump to speak at UN General Assembly amid trade war and tariff threats

Source: Global News Politics
Date: 2026-09-22 13:52:35.0
Tags: [National, Trade, Economy, Resources, Mining, Governance]

Prime Minister Mark Carney is attending the 81st Session of the United Nations General Assembly amid escalating trade tensions and tariff threats from U.S. President Donald Trump. Bilateral relations have deteriorated following failed trade negotiations, with Trump threatening tariffs and pursuing alternative potash imports from Belarus over Canadian suppliers. Additionally, tensions have risen following European Commission President Ursula von der Leyen's openness to Canada becoming an associate member of the European Union, a move labeled by Trump as a potential hostile act.

Trump says he wants potash from Belarus for ‘subtantially less’ than Canada

Source: Global News Politics
Date: 2026-09-21 15:48:33.0
Tags: [National, Trade, Economy, Agriculture, Mining, Resources]

U.S. President Donald Trump announced that the United States is working on a trade deal to purchase potash from Belarus for substantially less than current imports from Canada, escalating ongoing trade tensions. Canada currently supplies 79 per cent of U.S. potash imports, according to the U.S. Geological Survey, while Belarus accounts for three per cent. Trade talks between Canada and the United States collapsed previously after Ottawa walked away from negotiating terms demanded by Washington, prompting the U.S. to impose retaliatory tariffs and import restrictions against Canada.