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The Market Online
3 days ago
- Business
- The Market Online
Canadian steel stocks falter as U.S. tariff hike escalates trade tensions
Canadian steel stocks took a hit on Monday following a dramatic escalation in trade tensions between the United States and its global partners Among the hardest hit was Algoma Steel Group (TSX:ASTL), which plunged 6.89 per cent Champion Iron (TSX:CIA), a Québec-based iron ore producer, also saw its shares dip 0.77 per cent, reflecting broader concerns about reduced demand from U.S. steelmakers Mining giant Teck Resources (TSX:TECK.A) slipped 0.24 per cent, as investors weighed the ripple effects of the tariffs on its steelmaking coal and base metals segments Canadian steel stocks took a hit on Monday following a dramatic escalation in trade tensions between the United States and its global partners. On Friday, U.S. President Donald Trump announced a plan to double tariffs on imported steel and aluminum—from 25 per cent to 50 per cent—effective this Wednesday (unless Taco Supreme changes his mind again). The move builds on the initial tariffs introduced shortly after he took office in January, intensifying an already volatile global trade environment. The announcement sent shockwaves through the Canadian materials sector, with investors reacting swiftly to the anticipated impact on cross-border trade and industrial demand. Among the hardest hit was Algoma Steel Group (TSX:ASTL), which plunged 6.89 per cent on Monday. The Ontario-based steelmaker, heavily reliant on U.S. exports, is expected to face significant headwinds as the cost of doing business across the border rises sharply. Champion Iron (TSX:CIA), a Québec-based iron ore producer, also saw its shares dip 0.77 per cent, reflecting broader concerns about reduced demand from U.S. steelmakers and potential supply chain disruptions. Meanwhile, diversified mining giant Teck Resources (TSX:TECK) slipped 0.24 per cent, as investors weighed the ripple effects of the tariffs on its steelmaking coal and base metals segments. 'Steel tariffs at this level will create mass disruption and negative consequences across our highly integrated steel supply chains and customers on both sides of the border,' the Canadian Steel Producers Association expressed in a statement. Analysts warn that the tariff hike could trigger retaliatory measures from Canada and other trading partners, further straining international trade relations. Despite the downturn, some industry watchers see a silver lining. The increased pressure may accelerate efforts to diversify export markets and invest in domestic infrastructure, potentially opening new opportunities for Canadian producers in the long term. As the world braces for the next chapter in this unfolding trade saga, one thing is clear: the steel sector is once again at the heart of a geopolitical storm. And for Canadian steel stocks, the road ahead promises to be anything but smooth. Join the discussion: Find out what everybody's saying about this stock on the industrials Bullboards, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
28-05-2025
- Business
- Yahoo
Graphano Encouraged by Positive Developments at Black Pearl Graphite Discovery
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) ("Graphano" or the "Company") is pleased to announce the completion of the current phase of exploration on the Black Pearl graphite property in Québec, Canada. The program has successfully advanced Black Pearl to drill-ready status and expanded its size potential. Current interpretations indicate a folded trend approximately 1.2 kilometres in length, containing multiple graphite related conductive zones over surface widths of up to 300 metres (Figure 1). The mineralized trend remains open to the north. Graphano's next step will be to conduct additional ground geophysical surveys to further delineate the potential of this significant discovery prior to first-phase drilling. FIGURE 1: Black Pearl Compilation and Interpretation(Note: All channel sample results reported are based on bedrock surface widths, true widths of mineralization will be determined with drilling programs.) To view an enhanced version of this graphic, please visit: The Black Pearl discovery was made by Graphano in 2024 through basic prospecting methods. Channel sampling from the initial discovery returned significant grades and thicknesses of graphite mineralization such as 15.1% Cg over 14 metres (m) and 17.9% Cg over 9 m (see Graphano news release of July 16, 2024). The geologic setting of this previously unexplored area is similar to the major graphite deposits of the Lac des Iles region. The current exploration program carried out by St-Pierre Exploration of Amos, Québec, consisted of line cutting, ground electromagnetic surveys (Max-Min II and VLF-EM), prospecting and mechanical stripping of bedrock. To date, approximately 7 kilometres of line cutting and ground geophysics have been completed. Bedrock stripping during the current program has uncovered high grade graphite zones, ranging from 0.5 to 2.0 m in thickness, over an approximate strike length of 100 metres between L400N and L500N (Figure 1). Channel sampling results are currently pending for this mineralization. Luisa Moreno, CEO of Graphano, stated: "We are very encouraged by the continued progress at Black Pearl. Advancing the project to drill-ready status and identifying multiple conductive graphite zones confirms the strong potential of this discovery. Our team will now focus on further defining the mineralization through geophysics and drilling. Black Pearl is shaping up to be a valuable asset in our growing portfolio and strengthens our strategy to become a key supplier of high-quality graphite for the electric energy transition and expansion." About St-Pierre Exploration St-Pierre Exploration is a Québec-based geological services firm headquartered in Amos. The company provides field support, project design, and technical expertise for mineral exploration programs across the province. About Graphano Energy Graphano Energy Ltd. is an exploration and development company focused on evaluating, acquiring, and developing energy metals resources from exploration to production. Graphite is one of the most in-demand technology minerals required for a green and sustainable world. The Company's Lac aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Québec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, the Company is developing its project to meet the demands of the future. ON BEHALF OF THE BOARD OF DIRECTORS, Luisa MorenoChief Executive Officer and Director E: info@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, further exploration at the Black Pearl graphite discovery and the Company potentially becoming a supplier of graphite. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Graphano, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. These risks, as well as others, are disclosed within the Company's filing on SEDAR+ at the Canadian Securities Administrators' national system that all market participants use for filings and disclosure, which investors are encouraged to review prior to any transaction involving the securities of the Company. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Graphano does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
27-05-2025
- Business
- Cision Canada
The Climate Solutions Prize Festival Returns to Montreal to Accelerate Global Climate Innovation Français
Canada's Premier Climate Festival Will Spotlight a Global Community of Climate Innovators and Industry Leaders on June 17-18 in Montreal. MONTREAL, May 27, 2025 /CNW/ - The Climate Solutions Prize Festival, Canada's largest climate innovation award and event and a growing global platform for breakthrough technologies, returns to Montréal on June 17–18, 2025, at the iconic Marché Bonsecours. The two-day Festival will bring together more than 1,500 participants, including startups, researchers, investors, and policymakers from around the world, to highlight the most promising environmental technologies and bold solutions. "Our mission is to accelerate breakthroughs by connecting the brightest minds in science, technology, and business with the funding, mentorship, and networks they need to turn bold ideas into real-world solutions. In just three years, the Climate Solutions Prize Festival has grown from a Québec-based initiative with $300,000 in prize funding to a national platform offering $1.75 million in awards and a global stage for climate innovation," said Galith Levy, Co-founder and CEO of the Climate Solutions Prize. Featured Speakers Include : Fred Lalonde, Co-founder Deep Sky, Co-founder & CEO Hopper Michael Sonnenfeld, Founder and Chairman, TIGER 21 Catherine Bérubé, Partner at Cycle Capital and Chair of the Board at Cycle Momentum Mario Fernandez, Vice President, Head of Catalyst, Breakthrough Energy David Babson, Executive Vice President, Climate & Energy, XPRIZE Foundation Natalie Voland, President, Chief Vision Officer, GI Quo Vadis Rob Johnson, Senior Vice President, Sustainability, Seattle Kraken/Climate Pledge Arena Benjamin Kafri, Global Head of Innovation and Key Stakeholders, BloombergNEF Simon Olivier, Head of Cycle H2O Water Fund, Cycle H2O Water Fund For a full list of speakers, click here. Six Innovation Tracks Driving Real-World Impact The 2025 program will feature keynotes, panels, and pitch competitions across six critical innovation areas dedicated to accelerating climate action: Agricultural Technology, Built Environment (Real Estate), Carbon Removal, Energy Transition, Changemakers/From Lab to Market, and Water H2O. Breaking Barriers to Climate Innovation "We know that risk is often the greatest barrier for startups and researchers working on breakthrough technologies. Through our prizes and ecosystem of support, we're helping to de-risk and accelerate the path from idea to market, enabling innovators to push the boundaries of what's possible," said Levy. As the climate crisis intensifies, traditional funding models often fail to keep up with the urgency and scale of innovation required. Climate Solutions Prize Festival is rethinking this approach, creating a platform where purpose-driven innovation can thrive, accelerate, and scale across Canada and beyond. The 2025 Climate Solutions Prize Festival Will Award Prizes Across Multiple Categories: 2025 Breakthrough Research Prize 2025 Climate Startup Prize by Cycle Momentum 2025 Climate Tech Trailblazer Prize 2025 Canadian Student Entrepreneur Innovation Prize Canadian Energy Innovator Prize Powered by AtkinsRéalis! Each prize is designed to recognize and fast-track the most promising technologies, research, and innovators advancing real-world climate solutions. About the Climate Solutions Prize Founded in 2020, the Climate Solutions Prize (CSP) was created to serve as a catalyst for climate action by accelerating innovation, investment, and collaboration. Through its annual flagship event, the Climate Solutions Prize Festival brings together innovators, investors, academics, policymakers, and industry leaders to spotlight and scale breakthrough environmental technologies and solutions — creating a nexus between innovation and investment to accelerate a sustainable climate future. For more information, visit
Cision Canada
12-05-2025
- Business
- Cision Canada
International cruises on Saint Lawrence contribute handsomely to Québec economy Français
RIMOUSKI, QC, May 12, 2025 /CNW/ - Cruise the Saint Lawrence proudly commissioned Québec-based consultancy Aviseo Conseil to conduct the most comprehensive study ever carried out into the economic impact of international cruises on the Saint Lawrence. According to study findings for 2024, cruise passengers disbursed an average of $364 a day when visiting one of Québec's nine ports of call. International cruises spawned total expenditures of $329.3 million in 2024 in the various regions located along the shores of the Saint Lawrence, thereby generating $192.2 million in added value for the Québec economy. The cruise sector further led to the creation of 2299 direct, indirect and induced jobs. The 2024 season wrapped up with a total of 411 163 passenger-days, representing a 2.5% increase over 2023 and a 54.5% rise over 2022, thereby demonstrating that Québec continues to trend closer to pre-pandemic destination figures. "The cruise industry acts a powerful lever for economic development in a number of Québec regions. Overall economic impact detailed in the study substantiates the structuring effect of the industry, not only with respect to port investments and regional job creation, but also with regard to enhanced tourism appeal during off-peak periods. International cruises provide us with a unique opportunity to enhance market exposure for our regions, our culture and our know-how with curious international visitors in search of authenticity," underscored Marie-Andrée Blanchet, President of Cruise the Saint Lawrence. Readers will appreciate that the port of Québec, our destination's leading port of embarkation and disembarkation, welcomed the greatest number of cruise passengers in 2024 on 108 ships representing 218 073 passenger-days. The port of Montréal, also a port of embarkation and disembarkation, generated the highest average expenditure per passenger figure of $662 when lodging expenses were included. Indeed, when lodging expenses were factored into the equation for each of Québec and Montréal, average expenditures per cruise passenger per day rose to $442 for Saint Lawrence-based cruises. Saguenay–Lac-Saint-Jean region generated added value of $20.6 million, second only to Québec's capital region in terms of regional economic impact. Cruises represent a unique and exceptional gateway to international tourism for multiple Québec regions A total of six administrative regions of Québec welcomed international cruise passengers. In so doing, they benefited from the related structural impact on their regional economies. Each of Montréal, La Mauricie, Québec's capital region, Saguenay–Lac-Saint-Jean, the North Shore and Gaspé–Îles-de-la-Madeleine enjoyed enhanced development owing specifically to cruise industry activities, especially in terms of significant investment in port infrastructure. International cruise passenger expenditures further resulted in an important influx of foreign currency which represented a net source of wealth creation for the Québec economy. Indeed, 91.6% of tourism expenditures were made in foreign currency by international cruise passengers, accounting for some $167 million of the $4.1 billion in foreign currency generated annually by Québec's tourism sector. "These figures demonstrate that the cruise industry has a vital role to play in growing tourism and enhancing the tourism supply in Québec. The majestic Saint Lawrence enables visitors to discover the beauty of our destination and to explore ports of call in different regions, while generating economic benefits for the communities visited. We are proud to pursue cooperation with our valued partner Cruise the Saint Lawrence and help ensure that the international cruise industry continues to contribute handsomely to the Québec economy," stated Caroline Proulx, Québec Minister of Tourism and minister responsible for Lanaudière region. Québec culture and content, promoted through regional tourist attractions and local product offerings, enjoy undeniable international exposure, especially in regions outside major centers. From the standpoint of tourism development, international cruises generate an influx of some 400 000 visitors and help extend the tourism season into September and October when tourism activities are generally winding down in regional ports of call. This year's inaugural winter cruises on the Saint Lawrence provide proof positive that cruise sector development aligns seamlessly with key Ministry of Tourism priorities, one of which seeks to boost tourism in winter. Additionally, First Nations communities located along the Saint Lawrence benefit from cruise passengers interest in partaking in authentic indigenous experiences. One out of every three international visitors to Canada indeed expresses an interest in indigenous tourism offerings. First wholly Québec-based economic study With a view to developing a realistic portrait of the true contribution of international cruises to the Québec economy, Cruise the Saint Lawrence commissioned Aviseo Conseil, a wholly Québec-owned consultancy, to conduct a study detailing the economic impact of the international cruise sector. "In 2024, expenditures per passenger were three times higher than in the previous study, thereby reaffirming the importance of the international cruise industry for Québec as a whole. Overall economic impact of close to $200 million flowed from sound methodology anchored in best practices for economic analysis," explained Alexandre Ainsley, Director with Aviseo Conseil. Readers will appreciate that the findings of the 2024 study commissioned by Cruise the Saint Lawrence – based on Québec's intersectoral model – align closely with the those of the provincial Ministry of Tourism. About Cruise the Saint Lawrence Cruise the Saint Lawrence is a sectoral association which groups together the nine ports of call located along the shores of the Saint Lawrence River, namely Montréal, Trois-Rivières, Québec, Saguenay, Baie-Comeau, Sept-Îles, Havre-Saint-Pierre, Gaspé and Îles-de-la-Madeleine. The mission of the organization is to grow cruise market activities in Québec and across Destination Canada New England through the provision of marketing and development services to members. Cruise the Saint Lawrence enjoys the support of partners Tourism Québec, Québec Tourism Industry Alliance and Economic Development Canada.
Cision Canada
09-05-2025
- Business
- Cision Canada
A New Era for Rocky Mountain: A Group of Canadian Entrepreneurs Takes the Helm Français
MONTRÉAL, May 9, 2025 /CNW/ - Rocky Mountain, an iconic Canadian mountain bike brand, is entering a new chapter in its history as the company transitions to a new group of four Canadian investors, Chaos Sports Inc. Rooted in the Past, Focused on the Trail Ahead This transition is for everyone who's helped shape Rocky Mountain's story—from weekend warriors and curious newcomers to seasoned racers and trail builders. Born from the trails and driven by a passion for the sport, Rocky Mountain will remain deeply rooted in British Columbia, where it all began. To that end, our research and development activities will resume in North Vancouver, a cornerstone of cycling culture that continues to inspire the company's vision today. A Seasoned Team to Carry the Love the Ride Spirit Forward The new ownership team brings diverse expertise, a shared love for cycling and the outdoors, and a clear commitment to growing Rocky Mountain while staying true to its DNA. Three of the new owners are also behind Maui Bikes, a Québec-based company specializing in electric bikes – reflecting their active engagement in the industry and deep understanding of today's riders. Jonathan Bourgeois, co-founder of Raccoon Skis and partner at Maui Bikes, brings hands-on experience, an innovative mindset, and a deep connection to outdoor culture. Christian Thibert, President of Thibert Inc. – a North American leader in distribution – brings a focus on innovation, customer service excellence, and strategic partnerships. His long-term vision is aligned with Rocky Mountain's repositioning efforts. Patrick St-Denis, with a background at Oakley and The North Face, offers keen consumer insight and strong expertise in brand strategy. Jean-François Grenache, a marketing and business development specialist, is known for revitalizing brands in complex market environments. "Rocky Mountain is more than just a name—it's a mindset, a culture, a way of experiencing the ride. We're stepping in with humility, energy, and determination. Our goal is clear: to honour what has made Rocky strong for over 40 years and to open a new chapter of growth," says Patrick St-Denis, spokesperson for the group. Service Continuity and Warranty Support The 2025–2026 period will mark a strategic relaunch, with the ambition of establishing Rocky Mountain as a global leader in mountain biking. The new owners are committed to upholding the highest standards of quality, service, and support. In the short term, business operations, customer service, after-sales support, and partner commitments will continue as usual. All warranties offered by Rocky Mountain in recent years will be fully honoured. Bike parts and components will remain available. About Rocky Mountain Rocky Mountain Bicycles has been designing, developing, and perfecting mountain bikes in and around North Vancouver, BC, since 1981. The diverse playground of the North Shore has offered us the ideal proving grounds for all kinds of riding. We are a Canadian company with a global reach, and our goal is to deliver an exceptional experience. From the moment you throw a leg over one of our bikes, it's clear that they're made for people who Love the Ride.
