Carney confirms possibility of lumber quotas in trade deal with the United States
'There is normally some element of managed trade that comes out of any agreement, ' Carney said Wednesday in Hamilton, Ont., where he spoke to steelworkers to announce measures to support that industry.
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Global News
13 minutes ago
- Global News
New rules allowing Quebec restaurants to charge for no-shows come into effect
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Quebec restaurant owners can now charge a fee to people who make a reservation but don't show up. Under new rules in effect Thursday, restaurants can charge up to $10 for each no-show. An association representing Quebec restaurant owners has estimated that no-shows cost the average eatery about $49,000 per year. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Meanwhile, the Canadian restaurant industry association says Quebec was the only province with consumer protection laws that expressly forbade restaurants from charging no-show fees. Quebec restaurants have to follow a number of rules to apply the fee, including reminding customers of an upcoming reservation and giving them an easy way to cancel. The fee can be applied only to groups of two or more, and only if none of the members of the party shows up. Story continues below advertisement This report by The Canadian Press was first published July 17, 2025.
Cision Canada
13 minutes ago
- Cision Canada
Discounted Explorers Poised For Catch‑Up Rally In Bullish Gold Market
VANCOUVER, BC, July 17, 2025 /CNW/ -- USA News Group News Commentary – After a brief rise, gold's price leveled off as the market responded to US President Donald Trump shooting down talks about the possibility of firing Federal Reserve Chairman Jerome Powell. As the precious metal stays comfortably over the US$3,300 per ounce price point, several analysts are believing in an upcoming US$4,00 price target. With the current gold bull market comfortably underway, analysts are pointing to how mining stocks outshine the physical commodities themselves, while juniors in particular regain momentum. Among the mining companies advancing projects with optimal timing, include RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), AngloGold Ashanti plc (NYSE: AU), August Gold Corp. (TSX: G) (OTCQB: AUGG), Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF), and Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF). As cash pours into bullion and flagship gold ETFs such as GDX, analysts contend that junior miners could be the next group to rally. Even with gold holding firm, shares of these smaller producers and explorers remain deeply discounted, suggesting ample room for a catch‑up move. VanEck and other fund managers call this valuation gap one of the strongest risk‑reward setups left in the sector. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is developing a portfolio of high‑grade, district‑scale gold and antimony projects in New Zealand, a rising exploration hub that combines historic production, critical‑mineral status, and modern infrastructure. Now following a recent C$13.8M financing, the Company is in a strong treasury position to execute on its growth plans. Altogether RUA GOLD controls about 95% of the historic Reefton Goldfield on New Zealands South Island, where more than 2 million oz of gold were produced at grades from 9 to 50 g/t. The hub‑and‑spoke strategy that the RUA team are executing on focuses on consolidating and growing shallow, high‑grade resources within trucking distance of a central plant. With mineralization confirmed at multiple levels, the multi‑asset approach is gaining momentum as additional drill data arrive. Recent step‑out drilling at the Auld Creek project pushed high‑grade mineralization 120 m below the current inferred resource. Hole ACDDH033 intersected 2.1 m averaging 64 g/t AuEq, made up of 5.5 g/t gold and 13.1 % antimony, and extended the system's vertical reach to more than 280 m. Several targets are still untested, including a 2.5 km gold‑in‑soil corridor northwest of the Bonanza and Fraternal shoots. "This is an exciting development to see high-grade gold-antimony mineralization at Auld Creek that is 120 m deeper than the current resource," said Robert Eckford, CEO of RUA GOLD. "Proving out continuity at depth and growing this resource will be a key focus of drilling in the next quarter, while simultaneously drilling the Cumberland-Gallant deposit 3 km to the south." Antimony prices climbed above US$50,000 per tonne in 2025 after China imposed export controls, and New Zealand has listed the metal as critical, sharpening interest in Auld Creek's dual‑commodity appeal. Surface samples exceed 40% Sb, and several drill holes contain more than 8% antimony—grades rarely seen this early in a project's life. Three kilometres south within the Reefton Goldfield, RUA has a second drill rig at Cumberland. Recent drilling delivered near‑surface hits such as 1 m at 26.9 g/t and 1 m at 16.2 g/t, adding to earlier intercepts of 1 m at 1 911 g/t. The holes confirm continuity along the Gallant vein system and represent the company's first AI‑guided target generated with VRIFY's predictive platform. Gallant's vein traces more than 600m at surface yet remains largely open along strike and at depth. Management believes the latest results validate its AI‑driven exploration workflow and point to a broader mineralized envelope. By pairing modern data science with historic vein mapping, RUA is generating new targets along a 2 km structural corridor anchored by Cumberland. On the North Island, RUA holds the Glamorgan project, a 4 km gold‑arsenic anomaly in the Hauraki Goldfield that also hosts the 10 Moz Martha mine. Rock‑chip samples reach 43 g/t gold, and CSAMT surveys have outlined resistive zones typical of quartz veins. Drill access is in the final approval stage, and targets have been refined with VRIFY's DORA AI engine. With over US $10 million in cash in the bank and a leadership team credited with more than US $11 billion in cumulative mining exits, RUA GOLD is set for an active second half of 2025. Multiple programs are in motion across the portfolio, supported by AI‑driven targeting, shallow drill success, and the growing strategic importance of both gold and antimony. In other industry developments and happenings in the market include: AngloGold Ashanti plc (NYSE: AU), which has already surged 104% year-to-date, is set to acquire August Gold Corp. (TSX: G) (OTCQB: AUGG) for C$1.70 per share in cash, valuing Augusta at roughly C$152 million in equity and C$197 million enterprise. "This acquisition reinforces the value we see in one of North America's most prolific gold districts," said Alberto Calderon, CEO of AngloGold Ashanti. "We believe that securing these properties will not only solidify our leading position in the most important new gold district in the U.S., but will also improve our ability to develop the region under an integrated plan – with more flexibility, greater access, better infrastructure sharing, and cohesive engagement with all stakeholders". AngloGold Ashanti says the transaction strengthens its foothold in Nevada's Beatty District by adding the permitted Reward project, the Bullfrog deposit, and surrounding claims contiguous to its own ground. Augusta stockholders gain a 28% premium to the prior‑day close (37% to the 20‑day VWAP) and avoid future dilution, construction, and commodity‑price risk. "The offer from AngloGold Ashanti represents a compelling offer to stockholders, locking in a meaningful premium and immediate liquidity as compared to waiting for the Reward Project to commence construction and then produce by mid-2027," said Richard Warke, Executive Chairman of Augusta Gold. "Constructing the Reward Project would require additional dilution to raise the required equity, substantial time for construction, and time to get the mine operating at capacity. Taking the foregoing factors into consideration, I believe that the offer from AngloGold Ashanti represents a clearly superior path forward for stockholders." Boards of both companies have unanimously approved the deal, which AngloGold Ashanti will fund from existing cash and expects to close in the fourth quarter of 2025 pending customary approvals. Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) will launch a fully funded 2025 program that starts with up to 2 000 m of step‑out drilling on the Koivu Zone at its Paana Project in Finland's Central Lapland Greenstone Belt. "Momentum is building at Valkea," said Chris Donaldson, CEO and Executive Chair of Valkea. "Our 2024 drilling confirmed the high-prospectivity of our Aarnivalkea West target, and we're ready to build on that success this year. With strong support from strategic investors and the right team and partners in place, we're focused on advancing our projects toward meaningful milestones. For the balance of 2025, our priority is clear: expand the footprint of known gold mineralization, refine our key targets, and lay the groundwork for future resource definition." Valkea plans another 1,000 m of holes to test gaps between Koivu and the high‑grade Honka zone while advancing earlier‑stage targets across Paana West, Rova, Putaanperä, and Aarnivalkea East. The campaign follows a C$4.1 million placement and builds on 2024 hits such as 55.48 m of 1.63 g/t gold and 8.50 m of 8.57 g/t. Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) recently reported 15.05 m grading 11.9 g/t AuEq—including 5.35 g/t gold and 8.39% zinc—from its first surface hole at the Reforma deposit within the Campo Morado mine in Mexico. Luca has completed 22 of 25 planned underground holes and five of ten surface holes in the 7,500 m Phase 1 program aimed at adding near‑term resources. "Intersecting thick, high-grade, gold-rich massive sulphides in Luca's first drillhole at the Reforma Deposit clearly demonstrates how quickly the Company's exploration efforts can have a transformative impact on the mine and also our ability to realize the untapped metal endowment of Campo Morado," said Paul D. Gray, VP of Exploration of Luca. "The gold-rich Reforma and El Rey Deposits were discovered and partially defined in the 1990's but were never incorporated into the Campo Morado mine plan after the zinc-rich G9 Deposit became the primary focus of previous operators." Underground drilling at Campo Morado is also paying off, with intervals such as 11 m at 7.6 g/t AuEq and 30.8 m at 1.59 g/t AuEq expanding the SW Zone. " Luca is uniquely positioned to target these gold-rich deposits during record gold prices while continuing to build out the resources in the G9 Deposit," added Gray. "Underground drill results continue to impress with the discovery of additional mineralized zones with each batch of assays." CONTACT: [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising contract with RUA Gold Inc. (forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Vancouver Sun
13 minutes ago
- Vancouver Sun
Carney pitches major project powers to skeptical First Nations as advancing 'Indigenous economic growth'
GATINEAU, Que. — Prime Minister Mark Carney entered a high-stakes meeting with First Nations leaders Thursday, touting his government's new law to fast-track major infrastructure projects as having 'Indigenous economic growth' at its heart, saying he believes consensus can be reached on how to move forward. Whether Carney's pitch lands with the more than 200 chiefs and other First Nations leaders who attended the gathering remains to be seen, given the vocal pushback the law, known as Bill C-5, has received over concerns about its impact on First Nations' territories and the legal obligation the government has to consult communities. 'I don't think … that a lot of people are happy right now in terms of the way that the government has gone about ramming through legislation without respecting the current … protections within the environment, the current protections on our water,' said Southern Chiefs' Organization Grand Chief Jerry Daniels. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Chiefs who attended the gathering came armed with concerns and questions about the government's new law, which ushers in a new process for approving major infrastructure projects from ports to pipelines. It aims to bring down the federal approval process necessary for projects to receive the green light to two years, down from the current five. Introducing and passing what Carney coined as his 'One Canadian Economy' bill fulfilled a campaign promise he made during the spring federal election, where he pledged to remove all federal internal trade barriers by Canada Day and get more large infrastructure projects off the ground to bolster Canada's economy against U.S. President Donald Trump's tariffs. Even before it was introduced, the Assembly of First Nations, the main advocacy organization representing more than 600 First Nations across the country, voiced concerns about the lack of involvement of Indigenous-rights holders in developing the bill, which it said directly impacts communities that have a constitutional right to be consulted before projects get approved. Carney, who announced he would meet with chiefs in response to their concerns, has promised that the government would do so, as it decides on which projects would be deemed as benefiting the 'national interest.' Those that Carney's cabinet deems to be would be added to a list and qualify for the faster approvals process, to be coordinated through a yet-to-be-established major projects office. Before Thursday's meeting got underway, Carney told reporters they are not yet at the stage of picking projects, but at the beginning stages of hearing from First Nations leaders about how best to proceed. 'Today is about the how, not the what,' the prime minister said. Assembly of First Nations National Chief Cindy Woodhouse Nepinak has acknowledged she has heard a diversity of opinion from chiefs about the law, with some in support of having more major resource projects built while others stand opposed. Asked whether he believed consensus was achievable, Carney said, 'Yes, I do.' 'That's the purpose of having a discussion, because this is the first step of a process.' Carney is set to meet at a later date with Inuit and Metis leaders. He used his opening remarks on Thursday to highlight how he sees the powers ushered in through the new law as opening the door for more economic opportunities for First Nations, saying that a 'new chapter' could be written in the relationship between the federal government and communities. 'One of the points is that the economic value of these projects will be shared with First Nations as partners. You will help build the prosperity of your communities for generations to come.' 'In many respects, this is the first federal legislation to put Indigenous economic growth at its core. We now have the opportunity to realize it.' Indigenous participation is one of the criteria Carney has pledged the government would use in determining what projects would be in the national interest. The planning for Thursday's meeting was done by the Privy Council Office, the arm of the government that supports the Prime Minister's Office. The agenda for the day included panels on the issue of 'meaningful consultation' as well as a discussion around the Indigenous advisory council that the government has committed to appoint. Besides Carney, senior ministers speaking at the closed-door event included Intergovernmental Affairs Minister Dominic LeBlanc and Indigenous Services Minister Mandy Gull-Masty. Some chiefs expressed frustration at only receiving the agenda late Tuesday, given that leaders had been invited to briefings about the legislation from senior government officials. Paper copies of a slide presentation prepared by the Privy Council Office, which were available to Thursday's attendees, showed the government had heard there was 'inadequate time to consult' about the new bill and the 'importance of respecting Indigenous rights,' as well as the United Declaration on the Rights of Indigenous Peoples. The media itself was not permitted to cover the discussions and was instructed to leave the building by departmental staff following the prime minister's opening remarks. Having the gathering in the first place was pitched by Woodhouse Nepinak, who used her opening address to the chiefs gathered to highlight ongoing challenges First Nations face when it comes to a lack of adequate infrastructure in communities, from housing to clean drinking water, as well as past legal challenges Ottawa has faced when it has not properly consulted Indigenous communities. She highlighted in her speech, a copy of which was circulated to media, that it was 'not clear' to First Nations what the government was intending when it came to speeding up the building of major infrastructure projects and that 'until an appropriate process is established with First Nations rights holders and founded in free, prior and informed consent, the Crown's legal obligations can not be met.' 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