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CTV News
4 days ago
- Business
- CTV News
‘Huge traction' in use case for stablecoins, says BlackRock's head of digital assets
Robbie Mitchnick, head of digital assets at BlackRock, shares his outlook of Bitcoin amid economic challenges and why institutional investors are betting on it. Sorry, we're having trouble with this video. Please try again later. [5006/404] BlackRock's head of digital assets says he is seeing broader enthusiasm for the use case of stablecoins. BlackRock has many Bitcoin exchange traded products (ETP), with around $70 billion in assets around the world, Robbie Mitchnick said in an interview with BNN Bloomberg Monday. 'So that's been a pretty extraordinary story, having started just in January of 2024 when we launched the first... the resonance that this has had with investors of all types, so talking about retail investors, institutional, wealth advisors, (it) has been pretty extraordinary,' he said. Stablecoins are a type of crypto asset designed to maintain a value relative to an asset, according to the U.S. Securities and Exchange Commission. Mitchnick said the emergence of Bitcoin made it possible to move value around the world in real time at a near zero cost for the first time. 'Now we're seeing huge traction in that use case from stablecoins, which are in various ways a better fit for the purpose of day-to-day money movement transactions,' he said. 'There's still a little bit of value transfer happening through Bitcoin, but the majority of it's similar to gold, where there's a little bit of usage of it in sort of industrial applications, but the majority of it is being held as the store of value asset.' BlackRock launched the iShares Bitcoin ETF in mid January on the CBOE Canada Exchange, trading under the symbol IBIT. 'So basically, what this is doing is giving Canadians ability to hold through that same value proposition of Bitcoin exposure and the convenience of an ETP, but now in a Canadian listed product on CBOE Canada,' he said. Mitchnick added that BlackRock's Investment Institute recommended earlier this year that allocating about one to two per cent of a portfolio to Bitcoin is a 'reasonable range' for investors looking to get exposure in that area.
Yahoo
6 days ago
- Business
- Yahoo
RETRANSMISSION: BTV Features Top Mining Stocks: Purepoint Uranium, Viridian Metals, Prime Mining, Patriot Battery Metals, Mayfair Gold, & Westport Fuels
Please note: It is important not to misrepresent by stating BNN Bloomberg is featuring your company. BTV is featuring your company on the BNN Bloomberg Channel. Watch on BNN BloombergWednesday, May 7 at 7:30 PM ESTSaturday, May 10 at 8:00 PM EST Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Tune into BTV and: Discover Investment Opportunities. BTV-Business Television features seven standout resource companies making major moves across North America and beyond: Purepoint Uranium (TSXV: PTU) (OTCQB: PTUUF)A veteran explorer in Canada's Athabasca Basin, Purepoint Uranium has built a leading exploration portfolio with six joint ventures supported by industry giants like Cameco and Orano. Their strategy of collaborative partnerships enables aggressive drilling while minimizing shareholder dilution. Viridian Metals (CSE: VRDN)Viridian is targeting major copper discoveries in Newfoundland and Labrador. With support from BHP, the company is exploring two high-potential assets, including a native copper-rich basin and one of the most advanced targets outside Voisey's Bay. Prime Mining Corp. (TSXV: PRYM) (OTCQX: PRMNF)Focused on expanding its gold-silver resource in Mexico, Prime is preparing a Preliminary Economic Assessment backed by extensive metallurgical testing. With 3 million ounces in gold-equivalent resources and community-rooted operations, Prime is poised for a defining year. Patriot Battery Metals (TSX: PMET) (OTCQX: PMETF)Patriot's hard rock lithium project-one of the largest in the Americas-is attracting global interest, including a key investment and offtake agreement with Volkswagen. With lithium, tantalum, and cesium in hand, the company is shaping North America's clean energy supply chain. Mayfair Gold (TSXV: MFG) (OTCQX: MFGCF)Mayfair Gold is developing a low-risk, fast-to-market gold operation in Ontario, with a unique strategy to self-finance expansion using early cash flow. Positioned below federal permitting thresholds, it's set to capitalize on the current gold cycle. Westport Fuel Systems (NASDAQ: WPRT)With over 30 years of innovation, Westport is delivering fuel-agnostic engine solutions including hydrogen and natural gas. Through its high-pressure joint venture and over 1,400 patents, Westport is helping long-haul transportation transition toward cleaner fuel alternatives. About BTV - Business Television: On air for 25+ years, BTV - Business Television, a half-hour investment TV show, delivers up-and-coming companies and investment opportunities. With Hosts, Taylor Thoen and Jessica Katrichak, BTV features stock market analysts, experts and on location interviews with emerging company executives. TV BROADCAST NETWORKS and TIMES: CANADA:Airing on BNN Bloomberg! Wednesday, May 7 @ 7:30pm ET Saturday, May 10 @ 8:00pm ET US National TV: Biz Television Network - Sun, May 18 @ 1:00pm ET Mon May 19 @ 8:30am ET Tues, May 20 @ 8:30pm & 11:30PM EST Suggest a Company to Feature! Contact: (604) 664-7401 x3 info@ To receive BTV news, subscribe. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Edmonton Journal
09-05-2025
- Business
- Edmonton Journal
Looking to buy a house in Canada amid trade war? What RBC report is telling us about the real estate market
Article content The trade war has made potential buyers more reluctant due to concern about job security and the broader economy. Many are choosing to wait out the uncertainty, rather than make the significant financial commitment to buy a home. Buyer uncertainty met with increased listings Despite that shift, new listings have increased. Toronto's listings are up 8.1 per cent, while sales in that market have dropped 23.3 per cent. This imbalance has led to increasing inventory and more competition among sellers. This has shifted bargaining power to buyers, putting downward pressure on prices. In Toronto, the composite MLS Home Price Index fell by $35,000 (-3.2 per cent) over three months, with further declines expected. Vancouver's benchmark price has also slipped for three straight months and is now 0.6 per cent below its level from a year ago. Nationally, prices are expected to continue softening, especially in Ontario and British Columbia, according to BNN Bloomberg.
Bloomberg
15-04-2025
- Business
- Bloomberg
Trade War Is Keeping Tourists Out of America
The US economy is expected to lose billions of dollars in revenue in 2025 due to a decline in foreign tourism and boycotts of American products. And some Canadian companies are cutting back on travel to the States and telling employees if they do come, they should bring "burner phones." Bloomberg's Derek Decloet reports on BNN Bloomberg. (Source: Bloomberg)
CBC
04-04-2025
- Politics
- CBC
B.C. premier urges support for federal NDP as former leader Tom Mulcair calls party 'an afterthought'
British Columbia's New Democrat premier, David Eby, is urging voters to cast their ballots for NDP candidates in the upcoming federal election. The message comes as the party slumps in the polls, and former federal New Democrat leader Tom Mulcair calls the party "an afterthought" in the current election. In an op-ed published in BNN Bloomberg, Mulcair argues that given the threats to Canada's economy and sovereignty posed by U.S. President Donald Trump, the election is a "race between the ruling Liberals and the Opposition Conservatives, with little room to spare for the others." "If you can't seriously say you're going to form a government that can take on Trump, then get out of the way and let the only real contenders have at it," he wrote, specifically naming the NDP, Green Party and Bloc Quebecois. But in his message, posted to Singh's X account, Eby argues the federal NDP used its sway over the federal Liberals to deliver programs that help everyday Canadians, including dental care and pharmacare programs providing access to affordable medications. "Be sure to re-elect NDP MPs to make sure they're out there advocating for Canadians every day," he said. Liberals, Conservatives eating into NDP numbers The call comes as the federal Liberals, whose rise has eaten into support for the NDP, continue to ride high in public opinion polls. CBC's poll tracker currently projects the NDP winning a maximum of one seat in British Columbia, compared to the 13 it held following the 2021 election. Poilievre's Conservatives, meanwhile, are also targeting ridings currently held by the NDP in B.C., including six ridings on Vancouver Island and Skeena-Bulkley Valley, on the province's North Coast. WATCH | Competing tax policies to tackle housing costs: Will a GST cut on new homes help solve the housing crisis? | About That Duration 11:07 Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre have each made a campaign promise to axe the GST on new homes. Andrew Chang explains how each party's proposal works, who would benefit most and whether either will be effective in addressing the housing crisis. Speaking to reporters at a sawmill on the Island during a campaign stop in Nanaimo Friday, Conservative Leader Pierre Poilievre said the NDP hitched its wagon to the governing Liberals in the last Parliament, and a vote for it this time is a vote for another decade of Liberal "darkness." While Eby's message endorses the work done by the federal NDP, he's also said he will be meeting with the Liberals' Mark Carney in the days ahead to discuss issues that matter to British Columbia when it comes to trade with the United States. "It's important for the prime minister to understand the unique impacts of the president's actions on British Columbia," he told reporters Thursday. "So, my message to the prime minister will be that you have to be on top of issues in Western Canada and in British Columbia. Your response, whether they support workers or industries or whatever it is, needs to include British Columbia."
